Dagher, Jihad; Sun, Yangfan - International Monetary Fund (IMF) - 2014
the GSEs. We find that judicial requirements reduce the supply of credit only for jumbo loans that are ineligible for GSE … guarantees. These laws do not affect, however, the relative demand of jumbo loans. Our findings, which also hold using novel … nonbinary measures of judicial requirements, illustrate the consequences of foreclosure laws on the supply of mortgage credit …