| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22696 |
| 来源ID | Working Paper 22696 |
| Loan Product Steering in Mortgage Markets | |
| Sumit Agarwal; Gene Amromin; Itzhak Ben-David; Douglas D. Evanoff | |
| 发表日期 | 2016-10-03 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We present evidence of a particular type of loan steering in which lenders lead borrowers to take out high margin mortgage products. We identify this activity by comparing borrowers who were rejected by lenders but were subsequently approved by their affiliates (steered borrowers) to other initially rejected borrowers who obtained loans elsewhere. Although steered borrowers default less, they pay significantly higher interest rates and are more likely to borrow through contracts with unconventional features, such as negative amortization or prepayment penalties. Female borrowers, single borrowers with no co-signers, and borrowers in low-income locations are more likely to be steered. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Markets ; Financial Institutions ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w22696 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580369 |
| 推荐引用方式 GB/T 7714 | Sumit Agarwal,Gene Amromin,Itzhak Ben-David,et al. Loan Product Steering in Mortgage Markets. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22696.pdf（422KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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