The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications (ICPSR 1342)
Version Date: Mar 16, 2007 View help for published
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Giang Ho, University of California-Los Angeles;
Anthony Pennington-Cross, Marquette University
https://doi.org/10.3886/ICPSR01342.v1
Version V1
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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.
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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.
Original Release Date View help for Original Release Date
2007-03-16
Version History View help for Version History
- Ho, Giang, and Anthony Pennington-Cross. The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications. ICPSR01342-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2007-03-16. http://doi.org/10.3886/ICPSR01342.v1
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These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.