LaCour-Little, Michael; Malpezzi, Stephen - In: The Journal of Real Estate Finance and Economics 27 (2003) 2, pp. 211-33
We empirically examine the effect of appraisal quality on subsequent mortgage loan performance using data from the high volatility housing market of Alaska in the 1980s. We develop measures of appraisal quality by computing the residual between a hedonic estimate of house value using available...
