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Who truly bears (bank) taxes? : evidence from only shifting statutory incidence
Jiménez, Gabriel; Martinez-Miera, David; Peydró, … - 2020
mortgage tax from being levied on borrowers to being levied on banks; (ii) some areas, for historical reasons, were exempt from … smaller number of lending relationships, not working for the lender, or facing less banks in their zip-code, thereby …-full tax pass-through, the tax shift increases banks' risk-taking. More affected banks reduce costly mortgage insurance in case …
Persistent link: https://www.econbiz.de/10012668346
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Agency conflicts in residential mortgage securitization : what does the empirical literature tell us?
Frame, W. Scott - 2016
The agency conflicts inherent in securitization are viewed by many as having been a key contributor to the recent financial crisis, despite the presence of various legal and economic constructs to mitigate them. A review of recent empirical research for the U.S. home mortgage market suggests...
Persistent link: https://www.econbiz.de/10011623267
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Does the Community Reinvestment Act Improve consumers' access to credit?
Conway, Jacob; Glaser, Jack N.; Plosser, Matthew C. - 2023
, which are free from CRA obligations, to banks in need of CRA-eligible mortgages. Our findings underscore the pitfalls of a …
Persistent link: https://www.econbiz.de/10013490642
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Price negotiation in differentiated products markets : evidence from the Canadian mortgage market
Allen, Jason; Clark, Robert; Houde, Jean-François - 2012
switch banks. …
Persistent link: https://www.econbiz.de/10009627564
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Leverage Regulation and Market Structure : An Empirical Model of the UK Mortgage Market
Benetton, Matteo - 2018
I develop a structural model of mortgage demand and lender competition to study how leverage regulation affects the equilibrium in the UK mortgage market. Using variation in risk-weighted capital requirements across lenders and across mortgages with differential loan-to-values, I show that a...
Persistent link: https://www.econbiz.de/10012911375
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Government Subsidy in the U.S. Mortgage Market : A Structural Analysis with Bunching
Shi, Bowen - 2020
-standing and widespread Government-Sponsored Enterprises' (GSEs) mortgage default insurance subsidy on banks' equilibrium lending …
Persistent link: https://www.econbiz.de/10012824959
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Mortgage Markets with Lender Competition and Asymmetric Information
Bandeh-Ahmadi, Ayeh - 2015
This analysis introduces a theoretical framework for assessing the empirical discussion of asymmetric information amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are generally consistent with existing empirical findings...
Persistent link: https://www.econbiz.de/10013027213
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The role of intermediaries in selection markets : evidence from mortgage lending
Allen, Jason; Clark, Robert; Houde, Jean-François; Li, … - 2023 - Last updated: February 24, 2023
We study the role of intermediaries (brokers) in the Canadian mortgage market. In this market, consumers can search for quotes in one of two ways: on their own or via a broker. We provide descriptive evidence that borrowers who transact through brokers are different from those who do not....
Persistent link: https://www.econbiz.de/10013542130
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Competing for Deal Flow in Local Mortgage Markets
Aiello, Darren - 2020
largest) competitors divert applications and originations from other lenders. Facing a quickly-growing competitor, banks …
Persistent link: https://www.econbiz.de/10012853801
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Collateral valuation and borrower financial constraints : evidence from the residential real estate market
Agarwal, Sumit; Ben-David, Itzhak; Yao, Wenxiong - In: Management science : journal of the Institute for … 61 (2015) 9, pp. 2220-2240
Persistent link: https://www.econbiz.de/10011372430