Nonlocal mortgage lending and the secondary market involvement
This paper documents that out-of-state nonlocal mortgages, originated by statechartered banks, are more likely to be subprime (high-priced) loans and are sold more to the secondary market than other types of mortgages, based on the data collected under the Home Mortgage Disclosure Act from 2005 to 2...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/106460 http://hdl.handle.net/10220/24015 http://www3.ntu.edu.sg/home/jpzhang/xz_JERL.pdf |