Government Litigation Risk and the Decline in Low-Income Mortgage Lending

Here is a new paper from W. Scott Frame, Kristopher Gerardi, Erik J. Mayer, Billy Y. Xu, and Lawrence Chengzhi Zhao at the Atlanta Fed: We study the effect of Department of Justice lawsuits in the 2010s against large lenders for alleged fraud in the Federal Housing Administration (FHA) mortgage insurance program. The suits led […] The post Government Litigation Risk and the Decline in Low-Income Mortgage Lending appeared first on Marginal REVOLUTION.