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Mortgage financing in the housing boom and bust
Keys, Benjamin J.; Piskorski, Tomasz; Seru, Amit; Vig, … - In: Housing and the Financial Crisis, (pp. 143-204). 2013
Persistent link: https://www.econbiz.de/10010197121
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The inefficiency of refinancing : why prepayment penalties are good for risky borrowers
Mayer, Christopher J.; Piskorski, Tomasz; Tchistyi, Alexei - 2010
"This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10008773265
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The inefficiency of refinancing : why prepayment penalties are good for risky borrowers
Mayer, Chris; Piskorski, Tomasz; Tchistyi, Alexei - In: Journal of financial economics 107 (2013) 3, pp. 694-714
Persistent link: https://www.econbiz.de/10009730584
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The Inefficiency of Refinancing : Why Prepayment Penalties Are Good for Risky Borrowers
Mayer, Christopher J. - 2010
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10012462071
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Mortgage refinancing, consumer spending, and competition : evidence from the Home Affordable Refinancing Program
Agarwal, Sumit; Amromin, Gene; Chomsisengphet, Souphala; … - 2015
Persistent link: https://www.econbiz.de/10011347948
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Mortgage refinancing, consumer spending, and competition : evidence from the Home Affordable Refinance Program
Agarwal, Sumit; Amromin, Gene; Chomsisengphet, Souphala; … - In: The review of economic studies : RES 90 (2023) 2, pp. 499-537
Persistent link: https://www.econbiz.de/10014319949
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The Inefficiency of Refinancing : Why Prepayment Penalties are Good for Risky Borrowers
Mayer, Christopher J. - 2010
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …
Persistent link: https://www.econbiz.de/10013135393
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Why is Intermediating Houses so Difficult? Evidence from iBuyers
Buchak, Greg - 2020
We study the frictions in dealer-intermediation in residential real estate through the lens of "iBuyers," technology entrants, who purchase and sell residential real estate through online platforms. iBuyers supply liquidity to households by allowing them to avoid a lengthy sale process. They...
Persistent link: https://www.econbiz.de/10012482470
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Why is intermediating houses so difficult? : evidence from iBuyers
Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - 2020
Persistent link: https://www.econbiz.de/10012426751
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Why is Intermediating Houses so Difficult? Evidence from Ibuyers
Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - 2022
We study the frictions in dealer-intermediation in residential real estate through the lens of “iBuyers,” technology entrants, who purchase and sell residential real estate through online platforms. iBuyers supply liquidity to households by allowing them to avoid a lengthy sale process. They...
Persistent link: https://www.econbiz.de/10013403778