Lending Next to the Courthouse: Exposure to Adverse Events and Mortgage Lending Decisions

Adverse market events can affect credit supply not only by hurting financial fundamentals but also by changing the risk-taking behaviors of individual decision-makers. We provide micro-level evidence of this individual decision-making channel in the U.S. mortgage market. We find that mortgage applic...

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Veröffentlicht in:	Journal of financial and quantitative analysis 2024-08, Vol.59 (5), p.2375-2398
Hauptverfasser:	Huo, Da (Derek), Sun, Bo, Tai, Mingzhu, Xuan, Yuhai
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Behavior Credit Critical incidents Decision makers Decision making Financial institutions Foreclosure Housing market Loans Mortgages Quantitative analysis Risk behavior Risk taking
Online-Zugang:	Volltext
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