We characterize the large number of mortgage offers for which people qualify in the United Kingdom. Very few pick the … dispersion in the mortgage menu is consistent with banks price discriminating for borrowers who might pick poorly, while …

We study the role of brokers in selection markets. We find broker-clients in the Canadian mortgage market are … estimate a model of mortgage demand to disentangle three possible explanations for these riskier product choices: (i) selection …

Does emergency credit prevent long-term financial distress? We study the causal effects of government-provided recovery … bankruptcy, increase employment and revenue, unlock private credit, and reduce delinquency. These effects, especially the … crowding-in of private credit, appear to reflect resolving uncertainty about repair. We do not find capital reallocation away …

Elasticity of Intertemporal Substitution (EIS). In the UK, the mortgage interest rate features discrete jumps - notches - at …

mortgage and small business lending by 23% to 60% more in areas located inside their home-representative's district than … considerations influence credit allocation in a politically mature system like the United States without the formal possibility of …

mortgage credit risk by Fannie Mae and Freddie Mac. We find that lenders charge Latinx/African-American borrowers 7.9 and 3 …

-primary houses fueled the entire mortgage boom during 2014Q4-2016Q3. The mortgage expansion disproportionately increased the share of … mortgage markets. Our cross-city evidence provides empirical support for this channel …

As the role of mortgage brokers in mortgage origination grew from insignificant in the 1980s to dominant in recent … regulated the business, largely by creating and tightening occupational licensing requirements for mortgage brokers. The … question of whether increased occupational licensing of mortgage brokers improves consumer outcomes is theoretically ambiguous …