Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real Estate Market
收藏NBER2013-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19606
下载链接
链接失效反馈官方服务：
资源简介：
Financially constrained borrowers have the incentive to influence the appraisal process in order to increase borrowing or reduce the interest rate. We document that the average valuation bias for residential refinance transactions is above 5%. The bias is larger for highly leveraged transactions,
提供机构：
美国国家经济研究局
创建时间：
2013-10-01
