Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089840 | Journal of Banking & Finance | 2011 | 12 Pages |
Abstract
Compared with mortgage brokers and universal banks, community banks have stronger incentives to originate high-quality residential home loans. Using the RealtyTrac database on residential foreclosures between 2005 and 2008, we show that county-level foreclosure rates are lower in counties with greater community bank presence. This finding is robust to a host of county-level economic and demographic control variables and after controlling for possible endogeneity of community bank presence.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kathy Fogel, Raja Kali, Tim Yeager,