Editor: David Reiss
Brooklyn Law School

November 30, 2016

Wednesday’s Academic Roundup

By Robert Engelke

  • This paper, titled Transparency in the Mortgage Market, studies the impact of transparency in the mortgage market on the underlying real estate markets. It shows that geographic transparency in the secondary mortgage market, which implies geographic risk based pricing in the primary market, can limit risk-sharing and make house prices more volatile. Ex-ante, regions prefer opaque markets to enable insurance opportunities.
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