Foote, Christopher L.; Loewenstein, Lara; Willen, Paul - 2019 - This version: November, 2019
borrowing and lending in the future, but technology has been reshaping consumer and mortgage lending for many years. During the … lending standards that was especially relevant for borrowers with low current incomes relative to their expected future … housing boom was an endogenous response to widespread expectations of higher future house prices, as average mortgage sizes …
