This article examines how competition among lenders affects mortgage loan characteristics. The author finds that, on … among lender types (local bank, nonlocal bank, or independent mortgage bank) that lead to higher loan risk also are … average, banks issue safer mortgages than independent mortgage banks. Further, mortgages from banks with a branch in the local …

.S. policymakers often treat market competition as a panacea. However, in the case of mortgage securitization, policymakers' faith in … competition is misplaced. Competitive mortgage securitization has been tried three times in U.S. history - during the 1880s, the … 1920s, and the 2000s - and every time it has failed. Most recently, competition between mortgage securitizers led to a race …

This paper examines the dynamics between mortgage broker competition, origination fees, and price transparency. A …, our empirical analysis shows that increased mortgage brokerage competition at the Metropolitan Statistical Area level … also provide evidence that broker competition reduces mortgage origination fees on retail (non-brokered) loans as well. In …

This paper examines the dynamics between mortgage broker competition, origination fees, and price transparency. A …, our empirical analysis shows that increased mortgage brokerage competition at the Metropolitan Statistical Area level … also provide evidence that broker competition reduces mortgage origination fees on retail (non-brokered) loans as well. In …

This paper examines the relation between mortgage origination fees and mortgage broker competition. A reverse first … analysis shows that increased mortgage brokerage competition at the Metropolitan Statistical Area level leads to lower … provide evidence that broker competition reduces mortgage origination fees on retail (non-brokered) loans as well. Our results …