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 len...

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Bibliographic Details
Main Author: Dagher, Jihad
Other Authors: Fu, Ning
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/215
Online Access:Full text available on IMF