The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications (ICPSR 1342)

Published: Mar 16, 2007

Principal Investigator(s):
Giang Ho, University of California-Los Angeles; Anthony Pennington-Cross, Marquette University

https://doi.org/10.3886/ICPSR01342.v1

Version V1

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.

Ho, Giang, and Pennington-Cross, Anthony. The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2007-03-16. https://doi.org/10.3886/ICPSR01342.v1

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Federal Reserve Bank of St. Louis. Research Division

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.

2007-03-16

2007-03-16

Notes

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