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Foreclosures in Ohio: does lender type matter?

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  • O. Emre Ergungor

Abstract

Whether mortgages are originated mostly by depository institutions regulated by the Federal agencies or by less-regulated lenders does not seem to affect the foreclosure filing rate in Ohio?s counties. What seems to matter is whether the lenders have a physical presence in the market, in which case, foreclosure rates are lower.

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  • O. Emre Ergungor, 2007. "Foreclosures in Ohio: does lender type matter?," Working Papers (Old Series) 0724, Federal Reserve Bank of Cleveland.
  • Handle: RePEc:fip:fedcwp:0724
    DOI: 10.26509/frbc-wp-200724
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    7. Ozgur Emre Ergungor, 2010. "Bank Branch Presence and Access to Credit in Low- to Moderate-Income Neighborhoods," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(7), pages 1321-1349, October.
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    Cited by:

    1. Dieter Gramlich & Mikhail V. Oet & Stephen J. Ong, 2013. "Policy in adaptive financial markets—the use of systemic risk early warning tools," Working Papers (Old Series) 1309, Federal Reserve Bank of Cleveland.
    2. Stephanie Moulton, 2010. "Originating lender localness and mortgage sustainability: an evaluation of delinquency and foreclosure in Indiana's mortgage revenue bond program," Housing Policy Debate, Taylor & Francis Journals, vol. 20(4), pages 581-617, September.

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    Keywords

    Foreclosure; Mortgage loans;

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