We study how deposit competition affects a bank’s decision to securitize mortgages. Exploiting the state …-specific removal of deposit market caps across the US as a source of competition, we find a 7.1 percentage point increase in the … probability that banks securitize mortgage loans. This result is driven by an 11 basis point increase in deposit costs and …

Administration (FHA) in the primary mortgage market. Utilizing a sample of loan originations aggregated at the zip code level, the … potential conclusion is that FHA was forced to accept lower quality loans as competition from more nimble private lenders with …

. Although competition reduces firm revenues and benefits consumers initially, shrouding helps banks offset the vast majority of …

Bank competition can induce excessive risk taking due to risk shifting. This paper tests this hypothesis using micro …-level U.S. mortgage data by exploiting the exogenous variation in local house price volatility. The paper finds that, in … response to high expected house price volatility, banks in U.S. counties with a competitive mortgage market lowered lending …

mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership … equilibrium. In May 2009, mortgage rates in The Netherlands suddenly rose against the decreasing funding cost trend to almost a …, and estimate response adjustments in cointegrating equations on a large data set of daily mortgage rates 2004 …

study the effect of deregulation and its interaction with competition on the supply of complex mortgages. Following the … national banks in states without predatory-lending laws. We highlight a competition channel: in counties where OCC …

in more competitive mortgage markets; with less-regulated non-bank lenders being most responsive to this competition …How do primary and secondary mortgage markets interact? This paper shows that funding shocks to mortgage originators … interact with the degree of local credit market competition to increase lending growth. Specifically, I use a shift …

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are … loans, selling most of their mortgages and making less profit off each mortgage while concentrated lenders do the opposite …. When lenders are rational and face potential competition, they are able to use the bidding process as a means of generating …

provided to UK households by mortgage brokers. Using administrative data on loans originating in 2016 and 2017, we document the … average monthly mortgage costs by 21%, and welfare losses arising from search frictions by 70% – although the results differ …’ markups and lowers monthly costs of an average mortgage by 4.4% …