A study on the distribution of the foreclosure lag, its expected capital opportunity cost and its analyses

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• 作者：Ming Shann Tsai^a ; ^{mstsai@nuk.edu.tw} ; Shu Ling Chiang^b ; ^{g1352503@nccu.edu.tw} ; Chen Miller^c ; ^{chenlin@gwmail.gwu.edu}
• 关键词：G21 ; G28 ; H74 ; R10
• 刊名：Journal of International Financial Markets, Institutions and Money
• 出版年：2016
• 出版时间：November 2016
• 年：2016
• 卷：45
• 期：Complete
• 页码：156-170
• 全文大小：551 K
• 卷排序：45

文摘

We present models for calculating the foreclosure lag and its opportunity cost. Results reveal banks complete foreclosure process on average about two years. The foreclosure lag is exponential distributed after linear transformation. Many factors (e.g., the state foreclosure policies) influence foreclosure lag. New U.S. foreclosure laws effectively shorten foreclosure lag and decrease its volatilities.