全球智库信息集成服务系统(G2TT): Mortgage Lenders and the Geographic Concentration of Foreclosures

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w28781
来源ID	Working Paper 28781
	Mortgage Lenders and the Geographic Concentration of Foreclosures
	Stephen L. Ross; Yuan Wang
发表日期	2021-05-10
出版年	2021
语种	英语
摘要	We use HMDA rate spread loans to identify lenders involved in riskier lending prior to the foreclosure crisis. We develop a shift-share measure of changes in high rate spread share lender representation in housing submarkets across origination years. While half the cross-sectional correlation between foreclosure and high rate spread lender share is explained by borrower observables, we find robust and stable estimates of the within housing submarket relationship between foreclosure and predicted changes in market share. Estimates are not explained by local housing price variation, rather evidence suggests servicer behavior in response to rising local foreclosure rates as a mechanism.
主题	Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Regional and Urban Economics
URL	https://www.nber.org/papers/w28781
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/586455
推荐引用方式 GB/T 7714	Stephen L. Ross,Yuan Wang. Mortgage Lenders and the Geographic Concentration of Foreclosures. 2021.