This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
UCC08-15: We find that the foreclosure process varies widely across states and that the costs associated with foreclosure rise significantly with the length of the…
RR07-5: This paper examines the lessons learned from decades of experience with the several programs under which project-based affordable rental housing has been…