Agarwal, Sumit2023-05-222023-05-222014-01-012018-02-07https://repository.upenn.edu/handle/20.500.14332/40356The authors’ findings indicate that homebuilder financing affiliates do make loans to observably riskier borrowers, but the loans made by homebuilders have lower delinquency rates than those made by unaffiliated lenders, even when loan and borrower characteristics are held constant.The Article was published in "Economic Perspectives".(2014). Copyright © Federal Reserve Bank of Chicago. https://www.chicagofed.org/publications/economic-perspectives/2014/2q-agarwal-etalManagement Sciences and Quantitative MethodsArticle