14:15 - 15:45
Integrated Intermediation and Fintech Market Power
We document that in the US residential mortgage market, the share of integrated intermediaries acting as both originator and servicer has declined dramatically. Exploiting a regulatory change, we show that borrowers with integrated servicers are more likely to refinance, and conditional on refinance, are more likely to be recaptured by their own servicer.
Who
Where
Personal details
Greg Buchak is an Associate Professor of Finance at the Stanford Graduate School of Business and SIEPR Faculty Fellow. His research focuses on the industrial organization of financial intermediation, with an emphasis on the real impact on firms and households. He is interested in issues related to financial technology and intermediation.
Whom to contact
Economist
If you have any further questions please contact me.
+49 345 7753-753 Request per E-Mail
