Although most studies argue that expansive secondary markets for loan sales tend to enhance opportunities to manage risk, lower loan rates, and improve access to credit, other studies point to situations in which locally based credit providers remain important (e.g. relationship lending in the...

The increase in the homeownership rate in the middle of the last decade extended to all age groups but was most pronounced among individuals under age 30. These increases coincided with looser credit conditions that enhanced household access to mortgage credit along with evidence of less risk...