Showing 1 - 10 of 34
Persistent link: https://www.econbiz.de/10000944582
Persistent link: https://www.econbiz.de/10000945624
Persistent link: https://www.econbiz.de/10001239781
Persistent link: https://www.econbiz.de/10009559344
Persistent link: https://www.econbiz.de/10001792662
An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002–2006 U.S. house price boom. By contrast, this paper documents a robust, negative correlation between the growth in the share of purchase mortgages to subprime borrowers and...
Persistent link: https://www.econbiz.de/10014048863
Using publicly available data from the city of Denver and the state of Colorado, this study examines the effects of retail conversions (conversions from medical marijuana to retail marijuana stores) on neighboring house values in Denver, Colorado. The study period reflects a time before and...
Persistent link: https://www.econbiz.de/10012967017
We present evidence that affiliation between the debt renegotiator and the originator represents a mechanism to reduce asymmetric information inherent in debt renegotiation. We hypothesize that affiliation affords servicers lower-cost access to borrower information, thus improving their ability...
Persistent link: https://www.econbiz.de/10012969911
This paper examines the relationship between broker-borrower interaction in the origination process and subsequent 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...
Persistent link: https://www.econbiz.de/10013026051
This study explores the impact of investment characteristics, mainly investment location relative to the firm's primary market, on financing choices by real estate investment trusts (REITs). Using a large sample of commercial property acquisitions, we show that REITs are 4-8% less likely to use...
Persistent link: https://www.econbiz.de/10012902648