Berndt, Antje; Hollifield, Burton; Sandas, Patrik - 2010
We study the role of mortgage brokers in the subprime crisis using a detailed sample of loans originated by, formerly …, one of the largest subprime loan originators, New Century Financial Corporation. Prior to the subprime crisis, mortgage … surged? How did the mortgage brokers respond to the incentive scheme? How did the lender-broker relationships and broker …