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Household borrowing after personal bankruptcy
Han, Song; Li, Geng - Federal Reserve Board (Board of Governors of the … - 2009
A large literature has examined factors leading to filing for personal bankruptcy, but little is known about household borrowing after bankruptcy. Using data from the Survey of Consumer Finances, we find that relative to comparable nonfilers, bankruptcy filers generally have more limited access...
Persistent link: https://www.econbiz.de/10004967554
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The effect of market size structure on competition: the case of small business lending
Berger, Allen N.; Rosen, Richard J.; Udell, Gregory F. - Federal Reserve Board (Board of Governors of the … - 2001
invest lower proportions of their assets in small business loans. However, we find that the likelihood that a small business …
Persistent link: https://www.econbiz.de/10005393697
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Risk-based pricing of interest rates in household loan markets
Edelberg, Wendy - Federal Reserve Board (Board of Governors of the … - 2003
to the interest rate spread between the highest- and lowest-risk borrowers. For those obtaining loans, the premium paid … probability of bankruptcy, the corresponding interest rate increase tripled for first mortgages, doubled for automobile loans and …
Persistent link: https://www.econbiz.de/10005393756
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Debt buybacks signal sovereign countries' creditworthiness: theory and tests
Acharya, Sankarshan - Federal Reserve Board (Board of Governors of the … - 1991
Persistent link: https://www.econbiz.de/10005393954
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Risk-based capital requirements for mortgage loans
Calem, Paul S.; LaCour-Little, Michael - Federal Reserve Board (Board of Governors of the … - 2001
We develop estimates of risk-based capital requirements for single-family mortgage loans held in portfolio by financial …
Persistent link: https://www.econbiz.de/10005394147
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Testing for adverse selection and moral hazard in consumer loan markets
Edelberg, Wendy - Federal Reserve Board (Board of Governors of the … - 2004
This paper explores the significance of unobservable default risk in mortgage and automobile loan markets. I develop and estimate a two-period model that allows for heterogeneous forms of simultaneous adverse selection and moral hazard. Controlling for income levels, loan size and risk aversion,...
Persistent link: https://www.econbiz.de/10005514125
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New evidence on 401(k) borrowing and household balance sheets
Li, Geng; Smith, Paul A. - Federal Reserve Board (Board of Governors of the … - 2009
households with 401(k) loans in the 2007 Survey of Consumer Finances was about 15 percent, roughly what it has been since 1995 … shifting expensive consumer debt to 401(k) loans. This would translate into annual savings of about $275 per household … interest rates or who hold larger 401(k) balances. We posit that households might utilize 401(k) loans less than expected due …
Persistent link: https://www.econbiz.de/10004967552
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Discrimination in consumer lending
Elliehausen, Gregory E.; Lawrence, Edward C. - Federal Reserve Board (Board of Governors of the … - 1989
Persistent link: https://www.econbiz.de/10005720989
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Credit where none is due? Authorized user account status and "piggybacking credit"
Avery, Robert B.; Brevoort, Kenneth P.; Canner, Glenn B. - Federal Reserve Board (Board of Governors of the … - 2010
An "authorized user" is a person who is permitted by a revolving account holder to use an account without being legally liable for any charges incurred. The Federal Reserve's Regulation B, which implements the 1974 Equal Credit Opportunity Act, requires that information on spousal authorized...
Persistent link: https://www.econbiz.de/10008498923
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The finances of American households in the past three recessions: evidence from the Survey of Consumer Finances
Moore, Kevin B.; Palumbo, Michael G. - Federal Reserve Board (Board of Governors of the … - 2010
The downturn in economic activity in the U.S. that began in December 2007 (as determined by researchers with the National Bureau of Economic Research) has been noticeably deeper and has already lasted considerably longer than the prior two recessions--those beginning in July 1990 and in March...
Persistent link: https://www.econbiz.de/10008498954