the low-income mortgage market is underserved. We examine empirically whether the operating costs including credit losses … do less low income lending. We find that firms engaged in more low-income mortgage lending have higher costs than those …The presumption that mortgage markets for low-income borrowers and neighborhoods are underserved by lenders has led to …

mortgage lending related sectors. This paper examines the determinants of US Savings and Loan (S&L) profitability in the time … evidence that the quality of loan portfolio rather than size (economies of scale) affects profitability negatively. Our results …

This paper assesses the probable impact on S&Ls' profitability and participation in mortgage markets of The Depository …&L mortgage holdings between 1965 and 1979 and argues(contrary to conventional wisdom) that deposit-rate ceilings proved no more … and state restrictions on S&L loan opportunities and on mortgage lenders' ability to design and to price mortgage …

because mortgage yields are inadequate to cover interest and operating costs. This hypothesis suggests that observed … profitability is primarily the result of the tendency of the industry to "ride" the yield curve by borrowing short and lending long …