Fogel, Kathy; Kali, Raja; Yeager, Tim - In: Journal of Banking & Finance 35 (2011) 9, pp. 2498-2509
Compared with mortgage brokers and universal banks, community banks have stronger incentives to originate high-quality residential home loans. Using the RealtyTrac database on residential foreclosures between 2005 and 2008, we show that county-level foreclosure rates are lower in counties with...