Collateral Damage: The Impact of Foreclosures on New Home Mortgage Lending in the 1930s

Medientyp: E-Book

Titel: Collateral Damage : The Impact of Foreclosures on New Home Mortgage Lending in the 1930s

Beteiligte: Fishback, Price [VerfasserIn]; Fleitas, Sebastián [Sonstige Person, Familie und Körperschaft]; Rose, Jonathan [Sonstige Person, Familie und Körperschaft]; Snowden, Kenneth [Sonstige Person, Familie und Körperschaft]

Körperschaft: National Bureau of Economic Research

Erschienen: Cambridge, Mass: National Bureau of Economic Research, 2018

Umfang: 1 Online-Ressource; illustrations (black and white)

Sprache: Englisch

DOI: 10.3386/w25246

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Reproduktionsnotiz: Hardcopy version available to institutional subscribers

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Anmerkungen: System requirements: Adobe [Acrobat] Reader required for PDF files
Mode of access: World Wide Web

Beschreibung: Foreclosures led to severe disruptions in home mortgage lending during the recent Great Recession and the Great Depression of the 1930s. It is difficult to measure these impacts in the modern market where origination, funding and servicing are separated within complex lending structures, but during the 1930s local building & loans (B&Ls) combined all three functions. We measure the impact of foreclosures on new mortgage lending using a panel of all B&Ls in 4 states. The foreclosure overhang explains about 30 percent of the drop in new mortgage lending by B&Ls as the housing crisis intensified between 1930 and 1935

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