Calem, Paul Seth; Lambie-Hanson, Lauren; Nakamura, … - 2018
institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the …Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …