What Fuels the Boom Drives the Bust : Regulation and the Mortgage Crisis

Regulation and the Mortgage Crisis

What Fuels the Boom Drives the Bust : Regulation and the Mortgage Crisis
We show that the lightly regulated non-bank mortgage originators contributed disproportionately to the recent boom-bust housing cycle. Using comprehensive data on mortgage originations, which we aggregate at the county level, we first establish that the market share of these independent non-bank lenders increased in virtually all US counties during READ MORE...

Publication date: September 2011
ISBN 9781463902957
$18.00

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