We evaluate the effects of the lending institution and soft information on mortgage loan performance for low-income homebuyers. We find that even after controlling for bank selection, those who receive a loan from a local bank are significantly less likely to become delinquent or default than...

We evaluate the effects of the lending institution and soft information on mortgage loan performance for low income homebuyers. We find that even after controlling for the propensity of a borrower to get a loan from a local bank based on observable characteristics, those who receive a loan from...

The substantial costs of foreclosures to individuals and society motivated nearly $40 billion in government subsidies to homeowners during the Great Recession. Most of these subsidies were in the form of permanent loan modifications with mixed evidence of effectiveness. This paper estimates the...

A great deal of public service motivation (PSM) research has focused on understanding different types of PSM to describe public sector employees, including Samaritans, communitarians, patriots, and humanitarians. This research investigates different types of PSM for private sector individuals...