This study analyzes the performance of Texas commercial banks specializing in mortgage lending during the late 1980s and early 1990s to investigate how representative was their experience as compared with that of banks across the country concentrating in real estate lending. The results show...

The revolution in electronic technologies that has swept through the U.S. economy in the past decade has posed special challenges for the financial services sector. This special impact should come as no surprise: Information, after all, lies at the heart of the successful provision of financial...