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Reverse mortgage loans: a quantitative analysis
Nakajima, Makoto; Telyukova, Irina A. - Federal Reserve Bank of Philadelphia - 2014
Supersedes Working Paper 13-27. Reverse mortgage loans (RMLs) allow older homeowners to borrow against housing wealth …
Persistent link: https://www.econbiz.de/10010930296
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The impact of the home valuation code of conduct on appraisal and mortgage outcomes
Ding, Lei; Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 2014
During the housing crisis, it came to be recognized that inflated home mortgage appraisals were widespread during the … adopt the Home Valuation Code of Conduct (HVCC). Using unique data sets that contain both approved and nonapproved mortgage … applications, this study provides an empirical examination of the impact of the HVCC on appraisal and mortgage outcomes. The …
Persistent link: https://www.econbiz.de/10010930298
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Information losses in home purchase appraisals
Calem, Paul S.; Lambie-Hanson, Lauren - Federal Reserve Bank of Philadelphia - 2015
Home appraisals are produced for millions of residential mortgage transactions each year, but appraisals are rarely … below the transaction price. We exploit a unique data set to show that the mortgage application process creates an incentive …
Persistent link: https://www.econbiz.de/10011194434
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A cost-benefit analysis of judicial foreclosure delay and a preliminary look at new mortgage servicing rules
Cordell, Lawrence R.; Lambie-Hanson, Lauren - Federal Reserve Bank of Philadelphia - 2015
few, if any, offsetting benefits. We also provide early analysis of the new mortgage servicing rules enacted by the …
Persistent link: https://www.econbiz.de/10011207945
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The measurement of retail output and the retail revolution
Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 1997
The computerization of retailing has made price dispersion a norm in the United States, so that any given list price or transactions price is an increasingly imperfect measure of a product's resource cost. As a consequence, measuring the real output of retailers has become increasingly...
Persistent link: https://www.econbiz.de/10005717410
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Measurement of retail output and the retail revolution
Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 1998
The computerization of retailing has made price dispersion a norm in the United States, so that any given list price or transactions price is an increasingly imperfect measure of a product's resource cost. As a consequence, measuring the real output of retailers has become increasingly...
Persistent link: https://www.econbiz.de/10005512281
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On gradual price reduction as a retail sales strategy
Calem, Paul S. - Federal Reserve Bank of Philadelphia - 1988
Persistent link: https://www.econbiz.de/10005512341
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On the reasons for gradual markdowns by retailers
Calem, Paul S. - Federal Reserve Bank of Philadelphia - 1989
Persistent link: https://www.econbiz.de/10005512350
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Insider bank runs: community bank fragility and the financial crisis of 2007
Henderson, Christopher; Lang, William W.; Jackson, … - Federal Reserve Bank of Philadelphia - 2015
From 2007 to 2010, more than 200 community banks in the United States failed. Many of these failed community banking organizations (CBOs) held less than $1 billion in total assets. As economic conditions worsen, banking organizations are expected to preserve capital to withstand unexpected...
Persistent link: https://www.econbiz.de/10011170310