Foreclosures and mortgage lending during the Great Depression

  • Price V Fishback (Creator)
  • Sebastian Fleitas (Creator)
  • Jonathan Rose (Creator)
  • Kenneth Snowden (Creator)



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
Date made available2020
PublisherICPSR - Interuniversity Consortium for Political and Social Research
Date of data productionJan 1 1927 - Dec 31 1940
Geographical coverageUnited States

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