This article reviews the dramatic growth of nonbank mortgage lending after the Global
Financial Crisis, especially to borrowers with lower credit scores, and the related importance …

Abstract Technology-based (“FinTech”) lenders increased their market share of US
mortgage lending from 2% to 8% from 2010 to 2016. Using loan-level data on mortgage …

To what extent did an expansion and contraction of credit drive the 2000s housing boom
and bust? The existing literature lacks consensus, with findings ranging from credit having …

Small business lending by the four largest banks fell sharply relative to others in 2008 and
remained depressed through 2014. We explore the dynamic adjustment process following …

Remote work has increased the demand for housing and changed the demand for the
location of that housing. Because housing supply is heterogeneous across space and more …

There is currently a pressing need for rental housing to be built and the Build-to-Rent (BTR)
market is growing to address such housing demands. Existing research focuses on the …

US house prices fell nearly 30% between 2006 and 2012. Meanwhile, homeownership rates
declined as mortgage credit supply tightened and investors bought up properties. Although …

We analyze how two types of recently used prudential policies affected the supply of credit in
the United States. First, we test whether the US bank stress tests had any impact on the …

Real rents measured in the United States CPI increased 17.4 log-points from 2000 to 2018.
We present a spatial equilibrium framework to decompose the increase into several …

We estimate a neighborhood choice model using 2014 American Community Survey data to
investigate the degree to which new housing supply can improve housing affordability. In the …