Did Bankruptcy Reform Cause Mortgage Default to Rise?

Wenli Li, Michelle J. White, Ning Zhu

NBER Working Paper No. 15968
Issued in May 2010

---- Acknowledgements -----

We are grateful to Mark Watson at the Kansas Fed for his invaluable support on the LPS mortgage data, to Susheela Patwari for very capable research assistance and to Gordon Dahl, Joseph Doherty, Ronel Elul, Roger Gordon, Richard Green, Ed Morrison, Nick Souleles, Paul Willen, and the referees for extremely helpful comments. We also benefitted from the comments of participants at various conferences where we presented earlier drafts. Michelle White is grateful for the support of the Cheung Kong Graduate School of Business, Beijing, where she was a visiting professor while working on this paper. The views expressed here are the authors’ and do not represent those of the Federal Reserve Bank of Philadelphia, the Federal Reserve System, or the National Bureau of Economic Research.

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