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Consumer financial protection regulations: how do they measure up?

Ritter, Dubravka - Federal Reserve Bank of Philadelphia - 2014

The Payment Cards Center's September 2012 policy conference advanced the discussion of targeted design and outcome measurement as central features of public policy in the area of consumer financial protections. Speakers considered regulations addressing the disclosure of credit terms; standards...

Persistent link: https://www.econbiz.de/10010930290

Does junior inherit? Refinancing and the blocking power of second mortgages

Bond, Philip; Elul, Ronel; Garyn-Tal, Sharon; Musto, … - Federal Reserve Bank of Philadelphia - 2012

principle that seniority follows time priority leaves the new refinancing mortgage junior to mortgages that were junior to the …

Persistent link: https://www.econbiz.de/10010604291

Reverse mortgage loans: a quantitative analysis

Nakajima, Makoto; Telyukova, Irina A. - Federal Reserve Bank of Philadelphia - 2013

growth in this market, only 2.1% of eligible homeowners had RMLs in 2011. In this paper, we analyze reverse mortgages in a …

Persistent link: https://www.econbiz.de/10010667570

Mortgage credit availability in low-and moderate-income neighborhoods: are information externalities critical?

Calem, Paul S. - Federal Reserve Bank of Philadelphia - 1995

Persistent link: https://www.econbiz.de/10005717307

New directions in information and screening in real estate finance

Nakamura, Leonard I.; Lang, William W. - Federal Reserve Bank of Philadelphia - 1995

Persistent link: https://www.econbiz.de/10005717320

Market run-ups, market freezes, inventories, and leverage

Bond, Philip; Leitner, Yaron - Federal Reserve Bank of Philadelphia - 2013

This paper supersedes Working Paper No. 12-8. We study trade between an informed seller and an uninformed buyer who have existing inventories of assets similar to those being traded. We show that these inventories may lead to prices that increase even absent changes in fundamentals (a .run-up.),...

Persistent link: https://www.econbiz.de/10010739560

Does junior inherit? Refinancing and the blocking power of second mortgages

Bond, Philip; Elul, Ronel; Garyn-Tal, Sharon; Musto, … - Federal Reserve Bank of Philadelphia - 2012

principle that seniority follows time priority leaves the new refinancing mortgage junior to mortgages that were junior to the …

Persistent link: https://www.econbiz.de/10010600548

House-price expectations, alternative mortgage products, and default

Brueckner, Jan K.; Calem, Paul S.; Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 2015

with an increased reliance on alternative mortgage products such as pay-option and interest-only adjustable rate mortgages … that spurred use of alternative mortgages during the housing boom and the resulting impact on default patterns, relying on … feature of alternative mortgages. The model shows that, when future house-price expectations become more favorable, reducing …

Persistent link: https://www.econbiz.de/10011124401

House-price expectations, alternative mortgage products, and default

Brueckner, Jan K.; Calem, Paul S.; Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 2013

alternative mortgage products such as pay-option ARMs and interest-only mortgages, which allow the borrower to defer principal … amortization. The goal of this paper is to better understand the forces that spurred use of alternative mortgages during the … repayment through various mechanisms that constitutes a main feature of alternative mortgages. The model shows that, when future …

Persistent link: https://www.econbiz.de/10011027303

Market run-ups, market freezes, inventories, and leverage

Bond, Philip; Leitner, Yaron - Federal Reserve Bank of Philadelphia - 2012

This paper is superseded by Working Paper No. 13-14. We study trade between a buyer and a seller who have existing inventories of assets similar to those being traded. We analyze how these inventories affect trade, information dissemination, and prices. We show that when traders’ initial...

Persistent link: https://www.econbiz.de/10011027309