The Role of Mortgage Brokers in the Subprime Crisis
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Prior to the subprime crisis, mortgage brokers originated about 65% of all subprime mortgages. Yet little is known about their behavior during the runup to the crisis. Using data from New Century Financial Corporation, we find that brokers earned an average revenue of $5,300 per funded loan. We
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美国国家经济研究局创建时间:
2010-07-01



