Piecewise Exponential Survival Model Results for CPS Substantiation, Separate Models by Timing of Foreclosure Filing

TimingImpending Foreclosure FilingConcurrent Foreclosure FilingLagged Foreclosure Filing
Without propensity score weights
 Foreclosure filing 3–4 quarters after1.696 (0.144)a
 Foreclosure filing 2 quarters after1.448 (0.123)a
 Foreclosure filing in next quarter1.330 (0.115)a
 Foreclosure filing in current quarter1.200 (0.107)b
 Foreclosure filing in prior quarter1.308 (0.120)c
 Foreclosure filing 2 quarters before1.169 (0.114)
 Foreclosure filing 3–4 quarters before1.058 (0.117)
 Foreclosure filing ≥5 quarters before1.054 (0.234)
With propensity score weights
 Foreclosure filing 3–4 quarters after1.769 (0.173)a
 Foreclosure filing 2 quarters after1.563 (0.151)a
 Foreclosure filing in next quarter1.429 (0.142)a
 Foreclosure filing in current quarter1.332 (0.135)c
 Foreclosure filing in prior quarter1.406 (0.148)c
 Foreclosure filing 2 quarters before1.314 (0.145)b
 Foreclosure filing 3–4 quarters before1.200 (0.149)
 Foreclosure filing ≥5 quarters before1.221 (0.292)
  • Values are expressed as hazard ratios (SEs). For each set of results (without and with propensity score weights), each column (1 through 8) presents results from a separate piecewise exponential survival model examining whether a household experienced a foreclosure filing in the specified period. Table includes 967 376 household-quarter observations of 60 461 households observed from Quarter 1, 2008, through Quarter 4, 2011 (analyses are based on 1 observation of each household in each of these quarters, for a total of 16 observations per household). Observations are censored after the first failure (foreclosure filing). All models control for the covariates shown in the lower panel of Table 1 as well as a fixed effect for year of observation.

  • a P < .001.

  • b P < .05.

  • c P < .01.