Mortgage Finance and Technological Change

A Primer on the Mortgage Market and Mortgage Finance

This article is a primer on mortgage finance. It discusses the basics of the mortgage market and mortgage finance. In so doing, it provides useful information that can aid individuals in making better mortgage finance decisions. The discussion and the tools are presented within the context of mortgage finance; however, these same principles and tools can be applied to a wide range of financial ...

Informed Finance and Technological Change: Evidence from Credit Relationships

This paper empirically investigates the effect of “informed finance” on technological change. We argue that the theoretical literature offers conflicting predictions on whether the information of financiers fosters or impedes firms’ innovation. Using data from a sample of Italian manufacturing firms, we find that the information of firms’ main banks, proxied by the duration of credit relationsh...

Benchmarking thrift and mortgage finance companies

Abstract This study uses data envelopment analysis (DEA) approach to benchmark the performance of thirteen thrifts and mortgage finance companies against one another for the period 2008 to 2011. We cover the period of start of the economic crisis and the consequent passing to new law to regulate the financial services industry. We find that, at the height of the economic crisis in 2008, only fi...

The Future of the Mortgage Finance System

Technological Change and Technological Strategy