The role of FinTech lenders in mortgage market: Evidence from corporate relocations

Shiang Liu and Changyu Yang

Finance Research Letters, 2024, vol. 63, issue C

Abstract: This study investigates how FinTech lenders respond to the surge in mortgage demand caused by corporate headquarter relocations. We find that FinTech lenders tend to increase mortgage supply and loosen underwriting criteria as compared to non-FinTech lenders. The competitive advantage obtained from mortgage securitization enables FinTech lenders to capture growth opportunities.

Keywords: FinTech; Mortgage supply; Underwriting criteria; Corporate headquarter relocation; Mortgage securitization (search for similar items in EconPapers)
JEL-codes: G21 G23 G51 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324004185

DOI: 10.1016/j.frl.2024.105388

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