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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Foreclosures: relationship lending in the consumer market and its aftermath
O. Emre Ergungor
Abstract

Relationship lending theory suggests that lenders in close proximity to their borrowers might be the most efficient providers of screening and monitoring services, because the cost of collecting information declines with distance. The author presents evidence that ties bank branch presence to borrower performance in the low-income housing market, which provides support for this theory.


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O. Emre Ergungor, Foreclosures: relationship lending in the consumer market and its aftermath, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 0617, 2006.
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Keywords: Branch banks ; Mortgage loans
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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