The effect of mortgage broker licensing under the originate-to-distribute model: Evidence from the U.S. mortgage market
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DOI: 10.1016/j.jfi.2018.03.006
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More about this item
Keywords
Mortgage; Securitization; Originate-to-distribute; Brokers; Information asymmetry; Moral hazard; Incentives; Occupational licensing;All these keywords.
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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