Economics, Econometrics and Finance
4 years ago

Borrower-friendly mortgage laws lead to higher interest rates and collateralization.

SSRN Electronic Journal
To Change or Not to Change: The Impact of the Law on Mortgage Origination
Ana Isabel Sá

Paper Summary

Mortgage laws impact loan terms. Laws that favor borrowers make loans costlier for lenders, affecting interest rates and collateral requirements. Judicial foreclosure laws lead to higher interest rates due to increased recovery costs, while restrictions on recourse result in more collateral needed for loans.

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