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The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications

Version
v0
Resource Type
Dataset : survey data
Creator
  • Ho, Giang (University of California-Los Angeles)
  • Pennington-Cross, Anthony (Marquette University)
Other Title
  • Archival Version (Subtitle)
Publication Date
2007-03-16
Funding Reference
  • Federal Reserve Bank of St. Louis. Research Division
Language
English
Free Keywords
mortgages; loans; financial policy
Description
  • Abstract

    Federal, state, and local predatory lending laws are designed to restrict and in some cases prohibit certain types of high-cost mortgage credit in the subprime market. Empirical evidence using the spatial variation in these laws shows that the aggregate flow of high-cost mortgage credit can increase, decrease, or be unchanged after these laws are enacted. Although it may seem counterintuitive to find that a law that prohibits lending could be associated with more lending, it is hypothesized that a law may reduce the cost of sorting honest loans from dishonest loans and lessens borrowers' fears of predation, thus stimulating the high-cost mortgage market.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

Availability
Delivery
This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (help@icpsr.umich.edu).
Alternative Identifiers
  • 1342 (Type: ICPSR Study Number)
Relations
  • Is previous version of
    DOI: 10.3886/ICPSR01342.v1
Publications
  • Ho, Giang, Pennington-Cross, Anthony. The varying effects of predatory lending laws on high-cost mortgage applications. Federal Reserve Bank of St. Louis Review.89, (1), 39-59.2007.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Ho, Giang; Pennington-Cross, Anthony (2007): The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01342