Market power and risk: Evidence from the US mortgage market

被引：2

作者：

Mueller, Carola ^{[1
]}

Noth, Felix ^{[1
,2
]}

机构：

[1] Halle Inst Econ Res IWH, POB 110361, D-06017 Halle, Germany

[2] Otto von Guericke Univ, Univ Pl 2,POB 4120, D-39114 Magdeburg, Germany

来源：

ECONOMICS LETTERS | 2018年 / 169卷

关键词：

Banking competition; Mortgage crisis; Bank risk; Information; INFORMATION; COMPETITION; BANKING; DISTANCE;

D O I：

10.1016/j.econlet.2018.04.033

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use mortgage loan application data of the Home Mortgage Disclosure Act (HMDA) to shed light on the role of banks' market power on their presumably insufficient risk screening activities in the U.S. mortgage market in the pre-crisis era. We find that banks with higher market power protect their charter value. The effect is stronger for banks that have more information about local markets. (C) 2018 Elsevier B.V. All rights reserved.

引用

页码：72 / 75

页数：4

共 50 条

[1] Credit rationing in the US mortgage market: Evidence from variation in FHA market shares
Ambrose, BW
Pennington-Cross, A
Yezer, AM
[J]. JOURNAL OF URBAN ECONOMICS, 2002, 51 (02) : 272 - 294
[2] Mortgage market and climate variability adaptation: evidence from the mortgage market in emerging cities
Peres Ofori
[J]. SN Business & Economics, 1 (12):
[3] Refugees and Housing: Evidence from the Mortgage Market
Akgunduz, Yusuf Emre
Hacihasanoglu, Yavuz Selim
Yilmaz, Fatih
[J]. WORLD BANK ECONOMIC REVIEW, 2023, 37 (01): : 147 - 176
[4] The effect of mortgage broker licensing under the originate-to-distribute model: Evidence from the US mortgage market
Shi, Lan
Zhang, Yan
[J]. JOURNAL OF FINANCIAL INTERMEDIATION, 2018, 35 : 70 - 85
[5] Racial Disparities in the US Mortgage Market
Hurtado, Agustin
Sakong, Jung
[J]. AEA PAPERS AND PROCEEDINGS, 2024, 114 : 201 - 204
[6] Who benefits the most? Risk pooling in mortgage loan insurance: Evidence from the Canadian mortgage market
Basiri, Kiana
Mahmoudi, Babak
Zhou, Chenggang
[J]. REAL ESTATE ECONOMICS, 2023, 51 (02) : 311 - 337
[7] The Real Effects of Secondary Market Trading Structure: Evidence from the Mortgage Market
Huh, Yesol
Kim, You Suk
[J]. REVIEW OF FINANCIAL STUDIES, 2022, 35 (08): : 3574 - 3616
[8] Holdup by Junior Claimholders: Evidence from the Mortgage Market
Agarwal, Sumit
Amromin, Gene
Ben-David, Itzhak
Chomsisengphet, Souphala
Zhang, Yan
[J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2019, 54 (01) : 247 - 274
[9] The role of FinTech lenders in mortgage market: Evidence from
Liu, Shiang
Yang, Changyu
[J]. FINANCE RESEARCH LETTERS, 2024, 63
[10] Modelling credit risk for SMEs: Evidence from the US market
Altman, Edward I.
Sabato, Gabriele
[J]. ABACUS-A JOURNAL OF ACCOUNTING FINANCE AND BUSINESS STUDIES, 2007, 43 (03): : 332 - 357

← 1 2 3 4 5 →