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Home mortgage lenders and earthquake hazards

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Papers of the Regional Science Association

Abstract

A survey of major home mortgage lenders and real-property 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 to 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.

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Authors and Affiliations

  1. Department of Geography, University of Colorado, 80309, Boulder, Colorado

    Risa Palm

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  1. Risa Palm
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Palm, R. Home mortgage lenders and earthquake hazards. Papers of the Regional Science Association 57, 139–153 (1985). https://doi.org/10.1007/BF01935286

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