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Do exposures to sagging real estate, subprime or conduits abroad lead to contraction and flight to quality in bank lending at home?
Ongena, Steven; Tümer-Alkan, Günseli; Westernhagen, … - 2015
We investigate how differential exposures by German banks to the US real estate market during the recent financial crisis affect their corporate lending in Germany. Using unique bank-level exposure data, we distinguish between three different types of bank exposures, i.e. direct exposure to the...
Persistent link: https://www.econbiz.de/10011280084
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Housing market bubbles and business cycles in an agent-based credit economy
Erlingsson, Einar Jon; Cincotti, Silvano; Stefansson, Hlynur - 2013
conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …
Persistent link: https://www.econbiz.de/10009751106
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Housing market bubbles and business cycles in an agent-based credit economy
Erlingsson, Einar Jon; Teglio, Andrea; Cincotti, Silvano; … - 2014
This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …
Persistent link: https://www.econbiz.de/10010248859
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Who Benefited from the Mortgage Lending Boom Leading to the Housing Crisis?
Rojas, Alejandro - 2020
The late 1990s through the mid-2000s was a period of historic growth in mortgage lending and house prices and there is … with the view that the house price boom was caused by an expansion in the supply of mortgage credit, primarily benefiting … borrowers and neighborhoods which previously had the most limited access to mortgage credit. In particular, the evidence can be …
Persistent link: https://www.econbiz.de/10012842571
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Loan-to-value policy and housing finance : effects on constrained borrowers
Araujo, Douglas Kiarelly Godoy de; Barroso, João … - 2017
Persistent link: https://www.econbiz.de/10011761663
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The Relationship between Second Liens, First Mortgage Outcomes, and Borrower Credit : 1996-2010
Leventis, Andrew - 2014
information with mortgage performance data, the statistical analysis separately quantifies the extent to which piggyback and …-lien outcomes, piggyback second liens are shown to have substantially increased mortgage default rates, while decreasing mortgage … better subsequent performance for the associated first mortgage, most likely because only the most creditworthy borrowers …
Persistent link: https://www.econbiz.de/10013047108
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Does Giving CRA Credit for Loan Purchases Increase Mortgage Credit in Low-to-Moderate Income Communities?
Brevoort, Kenneth P. - 2022
Under the Community Reinvestment Act (CRA), banks can fulfill their obligation to meet local credit needs either by lending in low-to-moderate-income (LMI) communities or by purchasing loans made by others. This paper evaluates whether CRA credit for purchases has had its intended effect of...
Persistent link: https://www.econbiz.de/10013289731
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Does Giving CRA Credit for Loan Purchases Increase Mortgage Credit in Low-to-Moderate Income Communities?
Brevoort, Kenneth P. - 2022
Under the Community Reinvestment Act (CRA) banks can fulfill their affirmative obligation to meet local credit needs by lending in low-to-moderate-income (LMI) communities or by purchasing loans made by others. This paper evaluates whether giving CRA credit for purchases has had its intended...
Persistent link: https://www.econbiz.de/10013404195
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Home ownership and home equity promote entrepreneurial activity
Hassink, Wolter H. J.; Millone, Matteo; Mocking, Remco; … - 2021
This paper studies the effects of private real estate collateral on entrepreneurial lending and entrepreneurial activity in the Netherlands. The residential collateral channel is especially relevant for sole-proprietors who own a business with unlimited liability. We used administrative data on...
Persistent link: https://www.econbiz.de/10012485842
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Democratic political economy of financial regulation
Livshits, Igor; Park, Youngmin - 2021 - Last updated: November 26, 2021
young, low net-worth households are able to get a mortgage and buy a house, and current (old) home-owners benefit from the …
Persistent link: https://www.econbiz.de/10012670328