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We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market experienced a historic boom in 2020, we show there was also a large and sustained increase in intermediation markups that limited the pass-through of low rates to borrowers. Markups...
Persistent link: https://www.econbiz.de/10012581406
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We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market experienced a historic boom in 2020, we show there was also a large and sustained increase in intermediation markups that limited the pass-through of low rates to borrowers. Markups...
Persistent link: https://www.econbiz.de/10012593674
Persistent link: https://www.econbiz.de/10012508227
Persistent link: https://www.econbiz.de/10012609429
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We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market experienced a historic boom in 2020, we show there was also a large and sustained increase in intermediation markups that limited the pass-through of low rates to borrowers. Markups...
Persistent link: https://www.econbiz.de/10012606363
Persistent link: https://www.econbiz.de/10012033755
Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent … from 2010 to 2016. Using market-wide, loan-level data on U.S. mortgage applications and originations, we show that FinTech …, borrower, and geographic observables. Faster processing does not come at the cost of higher defaults. FinTech lenders adjust …
Persistent link: https://www.econbiz.de/10011795430
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