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The Federal Home Loan Bank System : the lender of next-to-last resort?
Ashcraft, Adam B. (contributor); Bech, Morten L. (contributor) - 2008
The Federal Home Loan Bank (FHLB) System is a large, complex, and understudied government-sponsored liquidity facility … provide evidence on the uses of these funds by the System’s bank and thrift members. Next, we identify the trade-offs faced by … about the respective roles of the various liquidity facilities would be helpful. -- Federal Home Loan Bank ; government …
Persistent link: https://www.econbiz.de/10003812547
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The information revolution and small business lending : the missing evidence
DeYoung, Robert; Frame, W. Scott; Glennon, Dennis C.; … - 2010
This paper provides empirical confirmation for Petersen and Rajan's (2002) widely accepted conjecture that information technology was the primary driver of the observed increase in small business borrower-lender distances in the United States in recent years. Using a different data source for...
Persistent link: https://www.econbiz.de/10008664621
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Reexamining the Empirical Relation between Loan Risk and Collateral : The Role of the Economic Characteristics of Collateral
Berger, Allen N. - 2012
This paper offers a possible explanation for the conflicting results in the literature concerning the empirical relation between collateral and loan risk. We posit that certain economic characteristics of collateral may be associated with the empirical dominance of different risk-collateral...
Persistent link: https://www.econbiz.de/10013100344
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The Information Revolution and Small Business Lending : The Missing Evidence
DeYoung, Robert - 2014
This paper provides empirical confirmation for Petersen and Rajan's (2002) widely accepted conjecture that information technology was the primary driver of the observed increase in small business borrower-lender distances in the United States in recent years. Using a different data source for...
Persistent link: https://www.econbiz.de/10013070141
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The Surprising Use of Credit Scoring in Small Business Lending by Community Banks and the Attendant Effects on Credit Availability and Risk
Berger, Allen N. - 2014
The literature has documented a positive relationship between the use of credit scoring for small business loans and small business credit availability, broadly defined. However, this literature is hampered by the fact that all of the studies are based on a single 1998 survey of the very largest...
Persistent link: https://www.econbiz.de/10013070995
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Reexamining the Empirical Relation between Loan Risk and Collateral : The Roles of Collateral Characteristics and Types
Berger, Allen N. - 2017
strong for residential real estate collateral and that the risk shifting effect is important for pledged deposits and bank …
Persistent link: https://www.econbiz.de/10012972883
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Government litigation risk and the decline in low-income mortgage lending
Frame, W. Scott; Gerardi, Kristopher; Mayer, Erik J.; … - 2024
We study the effect of Department of Justice lawsuits in the 2010s against large lenders for alleged fraud in the Federal Housing Administration (FHA) mortgage insurance program. The suits led to more than $5 billion in settlements and caused targeted banks and their peers to precipitously exit...
Persistent link: https://www.econbiz.de/10014582832
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Minority Loan Officers and Minorities’ Access to Mortgage Credit
Frame, W. Scott; Huang, Ruidi; Mayer, Erik J.; Sunderam, Adi - 2022
We study the relationship between the labor market for loan officers and access to credit in the residential mortgage market. Using novel data matching the (near) universe of mortgage applications to loan officers, we find that minorities are significantly underrepresented among mortgage loan...
Persistent link: https://www.econbiz.de/10013297237
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Why do borrowers pledge collateral? New empirical evidence on the role of asymmetric information
Berger, Allen N.; Espinosa-Vega, Marco A.; Frame, W. Scott - 2007
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private information. There is no clear empirical evidence regarding the central implication of this...
Persistent link: https://www.econbiz.de/10010292292
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Why do borrowers pledge collateral? : New empirical evidence on the role of asymmetric information
Berger, Allen N.; Espinosa-Vega, Marco A.; Frame, W. Scott - 2007 - Rev.
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private information. There is no clear empirical evidence regarding the central implication of this...
Persistent link: https://www.econbiz.de/10003730563