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-a?ect residential mortgage credit and house prices as well as other asset classes not directly targeted by the limits. Supervisory loan … level data suggest that mortgage credit is reallocated from low-to high-income borrowers and from urban to rural counties …
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The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to
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We develop a theory of optimal bank leverage in which the benefit of debt in inducing loan monitoring is balanced …
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We develop a theory of optimal bank leverage in which the benefit of debt in inducing loan monitoring is balanced …
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