Foreclosures in Ohio: Does Lender Type Matter?
45 Pages Posted: 24 Jul 2008
Date Written: December 1, 2007
Whether mortgages are originated mostly by depository institutions regulated by the Federal agencies or by less-regulated lenders does not seem to affect the foreclosure filing rate in Ohio's counties. What seems to matter is whether the lenders have a physical presence in the market, in which case, foreclosure rates are lower.
Keywords: foreclosure, regulation, and mortgage lenders
JEL Classification: G21, L15, L50
Suggested Citation: Suggested Citation