Ditapis dengan
The Time-Varying Price of Financial Intermediation in the Mortgage Market
We introduce a new measure of the price charged by financial intermediaries for connecting mortgage borrowers with capital market investors. Based on administrative lender pricing data, we document that the price of intermediation reacts strongly to variation in demand, reflecting capacity constraints of mortgage originators. This positive comovement of price with quantity reduced the pass-thro…
- Edisi
- Volume 79, Issue 4, August 2024, Pages 2553-2602
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- ill, chart, table, grafik, 508 hal, 20 cm
- Judul Seri
- -
- No. Panggil
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Predictably Unequal? The Effects of Machine Learning on Credit Markets
Innovations in statistical technology in functions including credit-screening have raised concerns about distributional impacts across categories such as race. Theoretically, distributional effects of better statistical technology can come from greater flexibility to uncover structural relationships or from triangulation of otherwise excluded characteristics. Using data on U.S. mortgages, we pr…
- Edisi
- Volume 77, Issue 1, February 2022, Pages 5-47
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- First published : 28 October 2021
- Judul Seri
- -
- No. Panggil
- -
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