Regression Models

Pre-Sale Protection Statutes Coefficients

Post-Sale Protection Statutes Coefficients

Independent Variables

All Forclosure Starts

Prime Forclosure Starts

Prime Forclosure Starts

All Forclosure Starts

Prime Forclosure Starts

Prime Forclosure Starts

Constant

0.023

−0.534

−6.639^**

0.015

−0.570

−6.546^**

Pre-Sale Statutory Protections

SJS

−0.012

−0.022

0.009

LMRF

0.255^***

0.159^***

0.181

RCBA

−0.043

−0.032

−0.099

RRBS

0.006

−0.007

−0.057

PSRCSN

0.076

0.100^**

0.203

HEAF

−0.133^**

−0.128^***

−0.349^***

Post Sale Statutory Protections

RTR

0.057

0.037

0.227^**

DJ

0.027

0.027

−0.010

ASP

0.021

0.069

−0.047

PRS

0.073

0.023

−0.008

Borrowers Characteristics

CREDSCR

0.001

0.000

0.006

−0.001

0.000

0.007

INCOME

−0.012^***

−0.009^***

−0.002

−0.009

−0.007^**

0.000

FEMPCT

0.009

0.011

0.027

−0.010

−0.008

−0.001

WHPCT

0.008

0.007^**

0.029^**

0.006

0.005

0.026^**

BLPCT

0.008^*

0.007^**

0.028^**

0.007

0.007

0.024^*

HISPCT

−0.005

−0.002

−0.007

−0.003

0.000

−0.003

ASNPCT

0.013^*

0.013^**

0.038^*

0.009

0.009

0.034

NTVPCT

−0.053^***

−0.031^*

−0.106^*

−0.055^***

−0.036^**

−0.121^**

Mortgage/Lending Characteristics

NIVPCT

−0.024^**

−0.018^**

−0.022

−0.015

−0.008

0.032^***

SPREAD

−0.005^***

−0.005^***

−0.020^***

−0.005^**

−0.005^***

−0.007

NONOCC

0.014^***

0.010^***

0.031^***

0.013^***

0.010^***

0.023^**

DENPCT

0.126^***

0.005^*

0.067^***

0.013^***

0.006^**

0.068^***

PCTADJ

0.020^***

0.013^***

0.053^***

0.018^***

0.010^***

0.049^***

Economic Conditions

DHPI

−0.024^***

−0.015^***

−0.090^***

−0.023^***

−0.015^***

−0.088^***

UNEMPL

0.082^***

0.084^***

0.068^**

0.081^***

0.083^***

0.050^**

NBPERM

0.000

0.000

−0.001

0.000

0.000

0.000

R²

0.759^***

0.717^***

0.794^***

0.727^***

0.693^***

0.787^***