Informed and Uninformed Investment in Housing: The Downside of Diversification

By Elena Loutskina, Philip E. Strahan. 2011

216 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a5e485281a593157af55041354285090bec8cf3f

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Citations in the corpus

Advertising Expensive Mortgages (2016, methodology): “Lender expensiveness is computed by aggregating individual loan level residuals obtained from the specification reported in Table II using the ARM loan sample.”
Financial Integration, Housing and Economic Volatility (2015, unknown): “Third, conventional explanations for the US housing boom blame loose lending practices as the key driver of price appreciation (e.g., Mian and Sufi, 2009; Demyanyk and Van Hemert, 2009; Keys, Mukherjee, Seru, and Vig, 2010; Loutskina and Strahan, 2011).”
Tracing Out Capital Flows: How Financially Integrated Banks Respond to Natural Disasters (2014, background): “The drop happens discontinuously around the cutoff (Loutskina and Strahan, 2011).”
How do banks react to catastrophic events? Evidence from Hurricane Katrina (2019, unknown): “Further, Loutskina and Strahan (2011) find that more concentrated lenders are more active in information-sensitive segments of the mortgage market.”
Market Power in Mortgage Lending and the Transmission of Monetary Policy (2013, background): “In particular, it is possible that small localized lenders are more likely to hold loans on their balance sheet rather than securitize them (Loutskina and Strahan, 2011).”
Banking and Trading (2012, background): “Loutskina and Strahan (2011) show that arm’s length mortgages are riskier than informed ones.”
This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis (2012, unknown): “As another example of the importance of the business model for performance in a crisis, Loutskina and Strahan (2011) show that banks with more geographically concentrated mortgage lending performed better during the recent crisis.”