This paper presents original primary research on mortgage lending in New Haven, Connecticut in the early nineteenth century. It observes a shift in the market at 1837: lending institutions abruptly began to make significant volumes of mortgage loans to non-elite individuals with less wealth and social standing. Before 1837, these institutions primarily made loans to the city’s social and economic elite. The paper uses this shift as a case study in local financial development, placing particular emphasis on the role of local political institutions in facilitating economic growth.
Kochevar, Steven, "The Rise of Institutional Mortgage Lending in Early Nineteenth-Century New Haven" (2013). Student Legal History Papers. Paper 26.