The OFR released a working paper today entitled, “The Real Consequences of Bank Mortgage Lending Standards.” The paper describes how mortgage lending standards, as measured by responses to the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey, relate to changes in the availability of mortgage loans at banks from 1990 to 2013. The research suggests that the survey’s reported changes in credit standards are a leading indicator of the financial industry’s vulnerability to shocks.
The working paper is posted on the OFR website at: https://financialresearch.gov/working-papers/
The OFR home page is at: https://financialresearch.gov/.
