The fresh twice-end in theory forecasts one to foreclosures happens having loans in arrears whenever Letter i , t > Letter ? we , t
The fresh twice-end in theory forecasts one to foreclosures happens having loans in arrears whenever Letter i , t > Letter ? we , t 5.step three.2 Secret explanatory variables The key ability-to-spend explanatory changeable is the local jobless price, adjusted having inner migration. This is put given that an effective proxy to the chances …