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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Détails bibliographiques
Auteur principal: Dagher, Jihad
Autres auteurs: Fu, Ning
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2011.
Collection:IMF Working Papers; Working Paper ; No. 2011/215
Accès en ligne:Full text available on IMF