Foote, Christopher L.; Loewenstein, Lara; Willen, Paul - 2019 - This version: November, 2019
borrowing and lending in the future, but technology has been reshaping consumer and mortgage lending for many years. During the … 1990s, computerization allowed mortgage lenders to reduce loanprocessing times and largely replace human-based assessments … housing boom was an endogenous response to widespread expectations of higher future house prices, as average mortgage sizes …