Do Lenders Make Less-Informed Investments in High-Growth Housing Markets? /

Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these markets and experience greater stock return volatility. When these lenders expand to high-growth markets, they also ration credit to a significantly greater degree than when they ex...

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Bibliografiske detaljer
Hovedforfatter: Chen, Sophia
Andre forfattere: Ratnovski, Lev, Sun, Yangfan
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2021.
Serier:IMF Working Papers; Working Paper ; No. 2021/151
Fag:
Online adgang:Full text available on IMF