May 2, 2022
Foreclosure Echo
David Reiss CC BY-NC-SA Linda Fisher recently posted a pdf of The Foreclosure Echo: How the Hardest Hit Have Been Left out of the Economic Recovery, a book she co-authored with Judith Fox. It came out before the pandemic, … Continue reading
May 2, 2022 in Foreclosures | Permalink | No Comments
December 7, 2017
Preparing for the Next Housing Tsunami
Greg Kaplan et al. posted The Housing Boom and Bust: Model Meets Evidence to SSRN. The abstract reads, We build a model of the U.S. economy with multiple aggregate shocks (income, housing finance conditions, and beliefs about future housing demand) … Continue reading
December 7, 2017 in Foreclosures | Permalink | No Comments
October 26, 2017
Mortgage Servicing Since The Financial Crisis
Standard & Poors issued a report, A Decade After The Financial Crisis, What’s The New Normal For Residential Mortgage Servicing? It provides a good overview of how this hidden infrastructure of the mortgage market is functioning after it emerged from … Continue reading
October 26, 2017 in Foreclosures | Permalink | No Comments
March 10, 2017
Minority Homeownership During the Great Recession
Carlos Garriga et al. have posted The Homeownership Experience of Minorities During the Great Recession to SSRN. The paper concludes, The Great Recession wiped out much of the homeownership gains attained during the housing boom. However, the homeownership experience was very different … Continue reading
March 10, 2017 in Foreclosures | Permalink | No Comments
July 1, 2016
The Sloppy State of the Mortgage Market
I published a short article in the California Real Property Law Reporter, Sloppy, Sloppy, Sloppy: The State of the Mortgage Market, as part of a broader discussion of Foreclosures Following Problematic Securitizations. The other contributors were Roger Bernhardt, who organized the discussion, as well as … Continue reading
July 1, 2016 in Foreclosures | Permalink | No Comments
December 21, 2015
Monday’s Adjudication Roundup
Class action suit filed against JPMorgan for alleged illegal demand of payment from junior mortgage holders who’s senior mortgages had been foreclosed. The class claims that JPMorgan’s demands violated several California laws. PHH Corp. urges the DC Circuit to vacate … Continue reading
December 21, 2015 in Foreclosures | Permalink | No Comments
October 9, 2015
Loose Credit. Plummeting Prices.
Christopher Palmer has posted Why Did So Many Subprime Borrowers Default During the Crisis: Loose Credit or Plummeting Prices? to SSRN. While this is a technical paper, it is clear from the title that it addresses an important question. If it … Continue reading
October 9, 2015 in Foreclosures | Permalink | No Comments
