In recent months, there have been almost daily reports on problems that may result from
widespread delinquencies in subprime mortgage loans-loans with higher interest rates and fees …

BACKGROUND Losses on commercial loans, including commercial real estate loans, held
by banking institutions have increased over the past year. The financial rescue plans …

In 2007, abuses in the US mortgage industry precipitated a financial crisis that led regulators
in the United States and in the European Union to reexamine credit rating agencies. Asset-…

This chapter examines patterns of crisis and equilibrium in property and what the current
crisis reveals in terms of contemporary property theory. Evolutionary theory provides fruitful …

We re-examine the efficiency of real estate markets based on the Escanciano-Lobato (2009)
autocorrelation test which we improved by means of wild bootstrapping. Through Monte …

Courts across the country are being saddled with a rapid escalation offoreclosure filings due
to the fallout from the subprime mortgage crisis. Millions of homeowners stand to lose their …

This paper develops a political economic explanation of the 2007–9 US subprime crisis which
focuses on one of its central causes: the transformation of racial exclusion in US mortgage-…

Can law create trust? Can law make people more trustworthy? These are some of the questions
posed by scholars across the political spectrum interested in the impact of law on society…

In economics literature, public policies are often compared to the benchmark of a benevolent
regulator-one that maximizes social welfare while balancing the interests of all affected …

The credit crisis reflects the collapse of a tower of structured finance products based on
subprime mortgage loans. These instruments—RMBSs, CDOs, SIVs, and CDSs—shifted the risk …