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Working Papers

How Do Foreclosures Exacerbate Housing Downturns?

Adam Guren, Tim McQuade • October 26, 2013

W13-8: The recent housing bust precipitated a wave of mortgage defaults, with over seven percent of the owner-occupied housing stock experiencing a foreclosure.…
Working Papers

Consumer Protection in French and British Credit Markets

Gunnar Trumbull • February 1, 2008

UCC08-17: In this paper, I review the trajectory of consumer credit reforms in France and the United Kingdom. Through a period of significant regulatory reform intended…
Working Papers

The Financial Returns to Low-Income Homeownership

Eric Belsky, Nicolas Retsinas, Mark Duda • September 9, 2005

W05-9: Efforts to promote low-income homeownership have intensified over the past ten years. Under both regulatory and market pressures, the mortgage finance industry…