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almost half of purchase mortgage originations were associated with investors. In part by apparently misreporting their …
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Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these … lenders' exposure to high-growth markets is associated with more risk, more efficiency, and more return on mortgage portfolios …
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prices on expenditure is entirely driven by home-equity extraction. Our results indicate that the mortgage system plays an …
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