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We present evidence that binding mortgage processing capacity constraints reduce mortgage originations to borrowers of … low to modest credit quality. Mortgage processing capacity constraints typically bind when the demand for mortgage … refinancing shifts outward, usually because of lower mortgage rates. As a result, high capacity utilization leads mortgage lenders …
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Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in developing countries in the last three decades. However, the introduction of public benefits could displace informal mechanisms for risk-protection,...
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Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
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