Berrospide, Jose M.; Black, Lamont K.; Keeton, William R. - Federal Reserve Board (Board of Governors of the … - 2013
This paper investigates the mortgage lending of banks operating in multiple U.S. metropolitan areas during the housing market collapse of 2007-2009. Some metro areas in the U.S. suffered much greater mortgage defaults than others. We use this regional variation to identify whether high mortgage...