Download This PaperHomebuilders, Affiliated Financing Arms, and the Mortgage Crisis
14 Pages Posted: 4 Jun 2014
Date Written: June 2, 2014
Abstract
The authors’ findings indicate that homebuilder financing affiliates do make loans to observably riskier borrowers, but the loans made by homebuilders have lower delinquency rates than those made by unaffiliated lenders, even when loan and borrower characteristics are held constant.
Keywords: Homebuilders, Financial Crisis, Finance Arms of Homebuilders, Household Finance, Portfolio Choice, Investment Decisions, Banks, Depository Institutions, Micro Finance Institutions, Mortgages
Suggested Citation: Suggested Citation
Agarwal, Sumit and Amromin, Gene and Gartenberg, Claudine Madras and Paulson, Anna L. and Villupuram, Sriram V., Homebuilders, Affiliated Financing Arms, and the Mortgage Crisis (June 2, 2014). Economic Perspectives, Vol. 38, No. 2, 2014, Available at SSRN: https://ssrn.com/abstract=2444754
Claudine Madras Gartenberg
Wharton School, University of Penn ( email )
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