Bank deregulation in the form of the repeal of the Glass-Steagall Act facilitated the entry of non-bank lenders into … conventional view that regulatory arbitrage caused the rise of non-bank lenders. …

well as bank risk-taking, growth, and operating costs. We use a difference-in-differences approach, making use of the fact … evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of … in large "jumbo" mortgages. We find no clear evidence of substitution in lending between bank and nonbank subsidiaries …

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

We analyze the effect of a U.S. subprime mortgage regulation on the availability of mortgagecredit. Due to all subprime … mortgage originators being affected by the regulation studied,there is no natural control group. We use a pro t maximization … exiting the subprime mortgage market in over 200 counties, although we cannotrule out economically signi cant impacts on some …