کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
958231 | 1478813 | 2008 | 20 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
State and local anti-predatory lending laws: The effect of legal enforcement mechanisms
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موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
استراتژی و مدیریت استراتژیک
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چکیده انگلیسی
Subprime mortgage lending has grown rapidly and so has enactment of state anti-predatory lending laws. Our analysis suggests that anti-predatory lending laws influence subprime market dynamics and that disaggregating them into component parts is essential for understanding their market impact. Restrictions, coverage, and enforcement provisions all have significant relationships with subprime outcomes, the latter being a new finding. One finding, that broader coverage is associated with higher subprime origination likelihoods, is consistent with a reverse lemons hypothesis. There is also evidence that newer mini-HOEPA laws affect the subprime market above and beyond the older preexisting laws, particularly for subprime originations.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economics and Business - Volume 60, Issues 1–2, January–February 2008, Pages 47–66
Journal: Journal of Economics and Business - Volume 60, Issues 1–2, January–February 2008, Pages 47–66
نویسندگان
Raphael W. Bostic, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross, Susan M. Wachter,