The authors empirically study how the underlying riskiness of the pool of home equity line of credit originations is … affected over the credit cycle. Drawing from the largest existing database of U.S. home equity lines of credit, they use county … lines of credit worsens along both observable and unobservable dimensions. This is an interesting example of a type of …

We empirically study how the underlying riskiness of the pool of home equity line of credit originations is affected … over the credit cycle. Drawing from the largest existing database of U.S. home equity lines of credit, we use county … credit worsens along both observable and unobservable dimensions. This is an interesting example of a type of dynamic adverse …

How does the large market for credit score improvement products affect consumers and market efficiency? For consumers …, we use a randomized encouragement design on a standard credit builder loan (CBL) and find null average effects on scores … credit activity. CBLs induce delinquency on pre-existing loan obligations, suggesting that even a seemingly modest additional …

We use individual credit histories to study how creditor-friendly repossession rights in auto lending affect borrowers … uncollateralized and collateralized credit, including home mortgage loans. Our findings suggest that creditors' rights can have broad …

There is little evidence on how the large market for credit score improvement products affects consumers or credit … market efficiency. A randomized encouragement design on a standard credit builder loan (CBL) identifies null average effects … on whether consumers have a credit score and the score itself, with important heterogeneity: those with loans outstanding …