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作者

来源

REAL ESTATE ECONOMICS,Vol.45,Issue3,P.679-712

语言

英文

关键字

REAL-ESTATE; INFORMATION; AGENTS

作者单位

[Tzioumis, Konstantinos] US Dept Treasury, Off Comptroller Currency, Compliance Risk Anal Div, Constitut Ctr, 400 7th St SW, Washington, DC 20219 USA. Tzioumis, K (reprint author), US Dept Treasury, Off Comptroller Currency, Compliance Risk Anal Div, Constitut Ctr, 400 7th St SW, Washington, DC 20219 USA. E-Mail: kostas.tzioumis@occ.treas.gov

摘要

Using appraisals from a lender across the 2005-2006 period, we find that the association between appraisers' valuation inflation patterns and work volume varies across states. Moreover, we find a considerable occupational exit for appraisers, and provide evidence that appraisers, as applicants, did not receive better loan pricing compared with the population of applicants. Overall, this article offers novel insights concerning the political economy of financial regulation through the lens of a specific profession.