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Alternatives to Libor in consumer mortgages

Schweitzer, Mark E.; Venkatu, Guhan - In: Economic Commentary (2012) Oct

Many adjustable rate mortgages in the United States are indexed to Libor. While the accuracy of this rate has recently … alternative reference rates for consumer loans and estimate their payment effects on a large sample of Libor-linked U.S. mortgages … substantially more for mortgages that reset in October 2008. …

Persistent link: https://www.econbiz.de/10011234941

Home equity lines: characteristics and consequences

Kowalewski, K.J. - In: Economic Commentary (1987) Jun

A discussion of the possible impact of home equity lines of credit on the variability of total consumer spending and borrowing, with comment on the potential growth of home equity lending and its affect on consumers and lenders.

Persistent link: https://www.econbiz.de/10005717890

Rooting out discrimination in home mortgage lending

Longhofer, Stanley D. - In: Economic Commentary (1995) Nov

An argument that racial discrimination in the home mortgage market arises not only from bigotry, but from statistical discrimination (wherein race is correlated with some hard-to-measure determinants of creditworthiness) and from a lack of cultural affinity between lenders and minorities. The...

Persistent link: https://www.econbiz.de/10005390376

Will adjustable rate mortgages survive?

Buynak, Thomas M. - In: Economic Commentary (1985) Jan

An examination of adjustable rate mortgages with emphasis on their sensitivity to mortgage market pressures, using …

Persistent link: https://www.econbiz.de/10005390389

Information dynamics and CRA strategy

Avery, Robert B.; Beeson, Patricia E.; Sniderman, Mark S. - In: Economic Commentary (1997) Feb

A look at how the quantity and source of information flowing to lenders can affect their credit decisions, and an argument that lenders should take advantage of the CRA provisions that allow them to address their obligations through joint-lending programs and qualified investments.

Persistent link: https://www.econbiz.de/10005390422

The evolving role of the Federal Home Loan Banks in mortgage markets

Maloney, Daniel K.; Thomson, James B. - In: Economic Commentary (2003) Jun

The Federal Home Loan Banks are part of a system created by the federal government to promote home ownership. This Commentary looks at new initiatives undertaken by these government-sponsored enterprises to expand their role in financial markets-and the attendant implications for their balance...

Persistent link: https://www.econbiz.de/10005390426

Home mortgage lending by the numbers

Avery, Robert B.; Beeson, Patricia E.; Sniderman, Mark S. - In: Economic Commentary (1993) Feb

A look at some of the issues associated with reports that minority applicants for home mortgage loans are far more likely than whites to be denied credit. The authors raise the concern that simple comparisons of denial rates are not sufficient for grasping the complexities surrounding...

Persistent link: https://www.econbiz.de/10005393537

Mortgage brokers and fair lending

Longhofer, Stanley D.; Calem, Paul S. - In: Economic Commentary (1999) May

Mortgage brokers play an important role in the housing finance market, but they also present unique challenges to regulators attempting to enforce fair lending laws. Should lenders be held responsible for the pricing decisions of brokers from whom they receive loan applications, or should fair...

Persistent link: https://www.econbiz.de/10005393539

PMI reform: good intentions gone awry

Longhofer, Stanley D. - In: Economic Commentary (1997) Mar

An argument that the legislation aimed at making private mortgage insurance more fair and affordable for homeowners could actually hurt the very borrowers it is intended to help by restricting the availability of mortgage loans and making them more costly.

Persistent link: https://www.econbiz.de/10005393554

Discrimination in mortgage lending: what have we learned?

Longhofer, Stanley D. - In: Economic Commentary (1996) Aug

A retrospective on the debate over the presence of discrimination in the residential mortgage market, examining some of the evidence that's been gathered since the Federal Reserve Bank of Boston published its 1992 study concluding that minority applicants were over 50 percent more likely to be...

Persistent link: https://www.econbiz.de/10005393573