provides evidence in support of this argument in the mortgage market for low-income borrowers whose access to credit is limited … by their inadequate credit histories. Mortgage originations increase and interest spreads decline when there is a bank …

The Community Reinvestment Act (CRA) encourages banks to expand mortgage lending in the communities in which they have … regulation forced banks to lower their credit standards and engage in riskier mortgage products in order to extend credit to … lower-income individuals, who perhaps should not have received such loans. However, data provided by the Home Mortgage …

points increase in annual growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts relative to a … the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal …

points increase in annual growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts relative to a … the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal …

enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census … in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …

enhancement in CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census … in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …

for the mortgage crisis in the United States. I use loan approval and denial data during the subprime lending boom in 17 …