The study looked at how likely people were to lose their homes through foreclosure after the financial crisis. They used data from a survey to predict the risk of foreclosure based on different factors. They found that even though regulations were put in place to prevent foreclosures, the risk was still higher in 2016 compared to before the crisis. The risk was high for both bank and non-bank borrowers, but it decreased slower for bank mortgages. This suggests that the regulations may not have had the intended effect or may have worked differently than expected.