This paper examines loan originations by mortgage banking subsidiaries surrounding a recent period of regulatory … arbitrage. Mortgage banking subsidiaries of Bank Holding Companies (BHCs) became increasingly active players in the mortgage … quality of loan originations by mortgage banking subsidiaries of BHCs. We use a diff-in-diff estimator with the control group …

We use a novel approach to calculate individual “financial literacy score” for a large set of California mortgage … borrowers and then investigate the relation between financial literacy and mortgage outcomes. We find borrowers with low … are more likely to default. Our estimates show that financial literacy is economically significant where mortgage outcomes …

mortgage performance. I show that face-to-face interaction between a mortgage broker and borrower before the loan funds is … associated with lower levels of ex post default. The relation between face-to-face broker-borrower interaction and mortgage … the mortgage broker and borrower may reduce problems associated with financial illiteracy …

The study aims to investigate the criteria used by mortgage consumers in deciding their mortgage choice. To achieve the … objective, questionnaires were distributed to mortgage consumers who took up mortgage between year 2007 to 2011. The results … show that consumers perceived interest rate as the most important determining their mortgage choice. However, the lowest …

experiences a credit event. We conclude that mortgage insurance significantly lowers loss severities. We show that actual loss …