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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Bibliographic Details
Main Author: Chen, Sophia
Other Authors: Ratnovski, Lev, Sun, Yangfan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/151
Subjects:
Online Access:Full text available on IMF