subprime crisis, the CRA was accused of having promoted risky lending. This paper estimates the effect of the CRA on mortgage … redefinitions of Metropolitan Statistical Areas in 2003. The CRA caused a substantial increase in mortgage lending, especially among …

Using Fannie Mae loan-level data on fixed-rate owner occupied purchase mortgage acquisitions, we examine the role of …

scores by the Government Sponsored Enterprises (GSEs) in mortgage underwriting to answer this question. The use of credit …

We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of …