Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide
NBER Working Paper No. 17065
---- Acknowledgments ----
We are grateful to Equifax, BlackBox Logic, 1010Data, and Zillow for their data, research support, and infrastructure that were invaluable for the analysis in this paper. We are grateful for the helpful comments and suggestions of Scott Hemphill, Bert Huang, Atif Mian, Karen Pence, Amit Seru, Monica Singhal, Kamila Sommer, Amir Sufi, Luigi Zingales, and seminar participants and discussants at the following schools and conferences: Berkeley Haas, Chicago Booth, Columbia, Northwestern, Stanford, UC Irvine, UNC, Virginia, Wharton, Yale, FDIC, Federal Reserve Bank of Cleveland, U.S. Treasury, AEA annual meeting, summer meetings of the NBER Household Finance and Law and Economics groups, Chicago Booth and LBS Colloquium on Regulating Financial Intermediaries, and Atlanta Fed and University of Wisconsin HULM conference. Alex Chinco, Ben Lockwood, Laura Vincent, and Ira Yeung provided excellent research support and substantive comments. The views expressed are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research. Columbia Law School and the Paul Milstein Center for Real Estate at Columbia Business School provided critical funding to support this research.