Although most studies argue that expansive secondary markets for loan sales tend to enhance opportunities to manage risk, lower loan rates, and improve access to credit, other studies point to situations in which locally based credit providers remain important (e.g. relationship lending in the...

We apply unique loan level data from New Century Financial Corporation, a major subprime lender, to explore whether attributes and committee assignments of Congressional Representatives were associated with access to and pricing of subprime mortgage credit. Research findings indicate enhanced...

We apply unique loan level data from New Century Financial Corporation, a major subprime lender, to assess whether attributes of Congressional Representatives were associated with access to and pricing of subprime mortgage credit. Research findings indicate higher likelihoods of subprime loan...