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The Impact of Minority Representation at Mortgage Lenders
Frame, W. Scott; Huang, Ruidi; Mayer, Erik J.; Sunderam, Adi - National Bureau of Economic Research - 2022
We study links between the labor market for loan officers and access to mortgage credit. Using novel data matching the … (near) universe of mortgage applications to loan officers, we find that minorities are significantly underrepresented among … loan officers. Minority borrowers are less likely to complete mortgage applications, have completed applications approved …
Persistent link: https://www.econbiz.de/10013334344
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The Effect of Principal Reduction on Household Distress : Evidence from Mortgage Cramdown
Cespedes, Jacelly C.; Parra, Carlos R.; Sialm, Clemens - National Bureau of Economic Research - 2021
Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 …
Persistent link: https://www.econbiz.de/10012585384
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Collateral Damage : The Impact of Shale Gas on Mortgage Lending
Chen, Yanyou; Roberts, James W.; Timmins, Christopher; … - National Bureau of Economic Research - 2021
We analyze mortgage lenders' behavior with respect to shale gas risk during the period of the U.S. shale gas boom … scrutiny, to $3,137, or 1.6% of profit earned on an average mortgage, afterwards. Our approach provides an alternative to the … decisions of mortgage professionals …
Persistent link: https://www.econbiz.de/10012696403
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Florida (Un)Chained
Calomiris, Charles W.; Jaremski, Matthew S. - National Bureau of Economic Research - 2023
To understand a price boom, it is helpful to take account of: (1) observable indicators of changes in ex ante risk tolerance, (2) what information exists and when, and (3) the incentives lenders face. This paper takes such an approach to the Florida land boom of the mid-1920s, the U.S.' first...
Persistent link: https://www.econbiz.de/10014226111
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An IV Hazard Model of Loan Default with an Application to Subprime Mortgage Cohorts
Palmer, Christopher J. - National Bureau of Economic Research - 2023
asymptotically normal. Applying my estimator to the subprime mortgage crisis, I quantify what caused the foreclosure rate to triple … standards, with a 10% decline in home prices increasing subprime mortgage default rates by 50% …
Persistent link: https://www.econbiz.de/10014447321
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Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005
Mian, Atif R. - 2015
Academic research, government inquiries, and press accounts show extensive mortgage fraud during the housing boom of … the mid-2000s. We explore a particular type of mortgage fraud: the overstatement of income on mortgage applications. We … define "income overstatement" in a zip code as the growth in income reported on home-purchase mortgage applications minus the …
Persistent link: https://www.econbiz.de/10012457719
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Do Pollution Markets Harm Low Income and Minority Communities? Ranking Emissions Distributions Generated by California's RECLAIM Program
Mansur, Erin T. - 2019
We compare the spatial distribution of emissions from Southern California's pollution-trading program with that of a counterfactual command-and-control policy. We develop a normatively significant metric with which to rank the various distributions in a manner consistent with an explicit...
Persistent link: https://www.econbiz.de/10012479617
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The Effects of an Incentive-Based High-School Intervention on College Outcomes
Jackson, C. Kirabo - 2010
I analyze the effects of a program that pays both 11th and 12th grade students and teachers for passing scores on Advanced Placement exams on college outcomes. Using a difference-in-differences strategy, I find that affected students of all ethnicities attend college in greater numbers, have...
Persistent link: https://www.econbiz.de/10012462929
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How Did SCHIP Affect the Insurance Coverage of Immigrant Children?
Buchmueller, Thomas - 2007
The State Children's Health Insurance Program (SCHIP) significantly expanded public insurance eligibility and coverage for children in "working poor" families. Despite this success, it is estimated that over 6 million children who are eligible for public insurance remain uninsured. An important...
Persistent link: https://www.econbiz.de/10012465391
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Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
Agarwal, Sumit - 2012
Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams...
Persistent link: https://www.econbiz.de/10012460053