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Foreclosures: relationship lending in the consumer market and its aftermath

Ozgur Ergungor ()

No 617, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: Relationship lending theory suggests that lenders in close proximity to their borrowers might be the most efficient providers of screening and monitoring services, because the cost of collecting information declines with distance. The author presents evidence that ties bank branch presence to borrower performance in the low-income housing market, which provides support for this theory.

Keywords: Branch banks; Mortgage loans (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban
Date: 2006
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Handle: RePEc:fip:fedcwp:0617