The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Foreclosing on Opportunity: State Laws and Mortgage Credit
Abstract
Foreclosure laws govern the rights of borrowers and lenders when borrowers default on mortgages. In states with laws favoring the borrower, the supply of mortgage credit may decrease because lenders face higher costs. To examine the laws' effects, I compare approved mortgage applications in census tracts that border each other but are located in different states. Using a regression-discontinuity design and semiparametric estimation methods, I find that loan sizes are 3% to 7% smaller in defaulter-friendly states; this result suggests that defaulter-friendly laws impose material costs on borrowers at the time of loan origination.
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Cutler, D. M., & Glaeser, E. L. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555361 · Cited by 1,241
Cited by
Regression discontinuity designs in economics
Lee, D. S., & Lemieux, T. (2010) · Journal of Economic Literature · doi:10.1257/jel.48.2.281 · Cited by 4,534
Credit Supply and the Price of Housing
Favara, G., & Imbs, J. (2015) · American Economic Review · doi:10.1257/aer.20121416 · Cited by 621
International Comparative Household Finance
Badarinza, C., Campbell, J. Y., & Ramadorai, T. (2016) · Annual Review of Economics · doi:10.1146/annurev-economics-080315-015425 · Cited by 218
Metadata
- Authors
- Pence, K. M.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2006-02
- Volume
- 88
- Issue
- 1
- Pages
- 177-182
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W2108450313
- Cited by
- 307
- References
- 1
- FWCI
- 36.63
- Type
- journal article
- Language
- en
- Open access
- closed
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