Area: Finance
Why Lenders Needlessly Deny Tens of Thousands of Mortgage Applications
They hire remote: Loan officers in lower-wage areas lack knowledge about distant markets with strongest loan demand
Privacy Comes at a Cost for Fintech Borrowers
Consumers in India welcomed an end to intrusive data mining, but it made it harder to get the loans
When a Stock Becomes Easier to Trade, So Do Its Rivals
A rising tide of liquidity for one company also lifts its peers, boosting their stock prices and lowering trading costs
LA’s Mansion Tax, Intended to Aid Affordable Housing, May Have Backfired
City’s home-construction permits fall, while surrounding suburbs’ development expanded
How Our Collective Struggle With Self-Control Shapes Stock Prices
Overspending rises in times of stress and that affects investment decisions
Discontinued Car Models, Often Sold to Lower-Income People, Carry a Magnified Risk of Collateral Shortfall
After the repo: Borrowers’ post-default payments account for 27% of lender recoveries
Should Property Taxes Be a Bigger Consideration When Choosing Where to Live?
After some math, a $1 million home in a low-tax state could get you $1 million extra in retirement savings
Disclosure of Climate Risk Helps Stocks Trade More Smoothly
Dropping facts into a polarized investor pool reduces the impact of ideology and leads to broader ownership
How Quantitative Easing Changed the Bond Market
Investors’ future expectations about QE policy lowered long-term yields, made investors feel safer holding the bonds
Why the Stock Market Needs Gamblers
They counteract the impulses of two other market personality types
Why Rising Stocks Sometimes Reverse, Then Rally
Cultural differences and investor behavior can drive reversals and momentum
Rise of Nonbank Lenders Undermines Community Reinvestment Act Effectiveness
Traditional banks pull out of lower- and median-income neighborhoods the federal program aims to help
Locally, the Extent of British Rule in India Still Holds Back Economic Opportunity
Areas under direct rule lost the components of human capital
As AI Supercharges Finance Research, Will We Believe the Results?
Building benchmarks to guide researchers and validate AI-enabled findings
When Exchange Rates Move, U.S. Companies Feel It — Even More Than Previously Thought
Firm-specific export data enables researchers to potentially solve a puzzle in economics
LA Residents Exposed to Wildfire Smoke Face Heightened Health and Financial Risk
Far from burn zones, especially for renters and those with iffy credit, money troubles follow fires