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Tracking and stress-testing U.S. household leverage

Fuster, Andreas; Guttman-Kenney, Benedict; Haughwout, Andrew - 2016

Borrowers' housing equity is an important component of their wealth and a critical determinant of their vulnerability to shocks. In this paper, we create a unique data set that allows us to provide a comprehensive look at the ratio of housing debt to housing values - what we refer to as...

Persistent link: https://www.econbiz.de/10011523769

The Role of Soft Information in a Dynamic Contract Setting : Evidence from the Home Equity Credit Market

Agarwal, Sumit - 2010

Credit underwriting is a dynamic process involving multiple interactions between borrower and lender. During this process, lenders have the opportunity to obtain hard and soft information from the borrower. We analyze more than 108,000 home equity loans and lines-of-credit applications to study...

Persistent link: https://www.econbiz.de/10013136184

Information Acquisition in Antebellum U.S. Credit Markets : Evidence from Nineteenth-Century Credit Reports

Brennecke, Claire - 2016

If a lender can easily obtain more information about a borrower, under what conditions will he choose to do so? In this paper, I use a hand-collected set of records from the nineteenth century credit reporting agency, R.G. Dun & Company, that allows me to directly observe when lenders acquired...

Persistent link: https://www.econbiz.de/10012978736

Bank branch presence and access to credit in low-to-moderate income neighborhoods

Ergungor, O. Emre (contributor) - 2006

Persistent link: https://www.econbiz.de/10003419194

Information Acquisition in Competitive Markets : An Application to the US Mortgage Market

Burke, Jeremy - 2015

How do price commitments impact the amount of information firms acquire about potential customers? We examine this question in the context of a competitive market. Contracts are incomplete because the amount of information firms acquire about applicants during the screening process cannot be...

Persistent link: https://www.econbiz.de/10013038110

Stages of the 2007/2008 global financial crisis: is there a wandering asset-price bubble?

Orłowski, Lucjan T. (contributor) - 2008

mortgage market; spillovers into broader credit market; the liquidity crisis epitomized by the fallout of Northern Rock, Bear … mortgage crisis ; credit crisis ; liquidity crisis ; market risk ; credit risk ; default risk ; counterparty risk …

Persistent link: https://www.econbiz.de/10003787735

Job security and housing credits

Akdoğan, Kumaş; Tatar, Ayşe; Arzu Yavuz, Ayşe - 2016

Persistent link: https://www.econbiz.de/10011547293

Systematic monetary policy and the macroeconomic effects of shifts in loan-to-value ratios

Bachmann, Ruediger; Rüth, Sebastian - 2017

What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as … instrument, and, as a result, mortgage rates increase and residential investment declines. The monetary policy reaction function …. Without the endogenous monetary policy reaction residential investment increases. House prices and household (mortgage) debt …

Persistent link: https://www.econbiz.de/10011646925

Villains or scapegoats? : the role of subprime borrowers in driving the U.S. housing boom

Conklin, James; Frame, W. Scott; Gerardi, Kristopher; … - 2020

Persistent link: https://www.econbiz.de/10012230641

Villains or scapegoats? : the role of subprime borrowers in driving the U.S. housing boom

Conklin, James; Frame, W. Scott; Gerardi, Kristopher; … - 2018

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …

Persistent link: https://www.econbiz.de/10011895606

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