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HOME MORTGAGE LENDERS AND EARTHQUAKE HAZARDS
Author(s) -
Palm Risa
Publication year - 1985
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5597.1985.tb00863.x
Subject(s) - business , mortgage underwriting , finance , actuarial science , mortgage insurance , insurance policy , casualty insurance
A survey of major home mortgage lenders and real properly appraisers in California and the Puget Sound region shows a general inattention to earthquake hazards in appraisal and lending policy. this inattention is demonstrated not only in responses in survey questions, but also in a lack of differentiation in lending decisions between properties within and outside surface fault rupture zones. As posited by organizational theory, however, important variants exist in this overall policy, almost always resulting from the efforts of individuals within large lending organizations.