, and the bank approval disparity is also larger in more racially biased counties. We conclude that insofar as automation by …

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … complete the foreclosure process, and go to zero about a year after the bank sells the property to a new homeowner. The … mortgage distress on house prices. …

done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …

credit risk. Leaving unmanaged, the credit risk would, with a high probability, result in a crash of a bank. In our paper, we … means of past mortgage deliquency rates. We give a statistical evidence that the non-normal model is much more suitable than …

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … the foreclosure process, and go to zero about a year after the bank sells the property to a new homeowner. The estimates … mortgage distress on house prices. …

Financial, a leading US subprime mortgage lender, can be seen as a micro-version of the sudden reversal of fortunes that befell …

2005 and competition among mortgage lenders. The mortgage lending business, especially with the rise of the originate …-to-distribute model, had competitors with very different non-mortgage activities and regulation. I show that in local markets, when banks … increased their share of mortgages relative to lenders such as mortgage brokers, home prices started increasing at a faster pace …

This paper uses a unique data set on more than 600,000 mortgage contracts to estimate a credit supply function which …