Foreclosures and mortgage lending during the Great Depression

Principal Investigator(s):  View help for Principal Investigator(s) Price Fishback, University of Arizona; Sebastian Fleitas, University of Leuven; Jonathan Rose, Federal Reserve Bank of Chicago; Ken Snowden, University of North Carolina Greensboro

Version:  View help for Version V1

Name File Type Size Last Modified
FFRS_JEH2020_data.dta application/x-stata 3.4 MB 06/04/2020 07:32:AM
FFRS_JEH2020_replication.do text/x-stata-syntax 19.6 KB 06/04/2020 07:32:AM
Figure1.png image/png 121.2 KB 06/04/2020 07:32:AM
Figure2.png image/png 305.2 KB 06/04/2020 07:32:AM
Figure3.png image/png 128.2 KB 06/04/2020 07:32:AM
Figure4.png image/png 161.3 KB 06/04/2020 07:32:AM
Table2.csv text/csv 583 bytes 06/04/2020 07:32:AM
Table4_all.csv text/csv 695 bytes 06/04/2020 07:32:AM
Table4_post.csv text/csv 695 bytes 06/04/2020 07:32:AM
Table4_pre.csv text/csv 695 bytes 06/04/2020 07:32:AM

Project Citation: 

Fishback, Price, Fleitas, Sebastian , Rose, Jonathan, and Snowden, Ken. Foreclosures and mortgage lending during the Great Depression. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-06-04. https://doi.org/10.3886/E119723V1

Project Description

Summary:  View help for Summary These are the replication files for the paper "Collateral Damage: The Impact of Foreclosures on New Home Mortgage Lending in the 1930s" to be published in the September 2020 issue of the Journal of Economic History.

Abstract of the paper: The Great Depression of the 1930s involved a severe disruption in the supply of home mortgage credit. This paper empirically identifies a mechanism lying behind this credit crunch: the impairment of lenders’ balance sheets by illiquid foreclosed real estate. With data on hundreds of building and loans (B&Ls), the leading mortgage lenders in this period, we find that the overhang of foreclosed real estate explains about 30 percent of the drop in new lending between 1930 and 1935
Funding Sources:  View help for Funding Sources National Science Foundation (SES-1061927)

Scope of Project

Subject Terms:  View help for Subject Terms Mortgage; foreclosure; Great Depression (1929); building and loan
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1/1/1927 – 12/31/1940


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V1 [2020-06-04]

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