Climate change concerns and mortgage lending

• Main Authors: DUAN, Tinghua, LI, Frank Weikai
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: Climate Change; Global Warming; Mortgage Lending; Temperature Anomaly; Business Law, Public Responsibility, and Ethics; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7220; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8219/viewcontent/SSRN_id3449696.pdf
• Institution: Singapore Management University

We examine whether beliefs about climate change affect loan officers’ mortgage lending decisions. We show that abnormally high local temperature leads to elevated attention to and belief in climate change in a region. Loan officers approve fewer mortgage applications and originate lower amounts of l...