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Price movements in the Canadian residential mortgage market
Allen, Jason; McVanel, Darcey - 2009
competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They …The authors empirically analyze the price-setting behaviour of the major Canadian banks in the residential mortgage … market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of …
Persistent link: https://www.econbiz.de/10010279861
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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …
Persistent link: https://www.econbiz.de/10010292147
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Market-Based loss mitigation practices for troubled mortgages following the financial crisis
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2010
The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency … following modifications. While modification terms are more favorable for weaker borrowers, greater reductions in mortgage … point decline in mortgage interest rate is associated with a nearly 4 percentage point decline in default probability. This …
Persistent link: https://www.econbiz.de/10010292190
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A micro view on home equity withdrawal and its determinants. Evidence from Dutch households
Ebner, André - 2010
through innovations in the mortgage market and financial deregulation. This study looks at the factors driving home equity …
Persistent link: https://www.econbiz.de/10010427578
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Kuka vie ja ketä? Pankit alustatalouden ristitulessa
Mattila, Juri; Seppälä, Timo; Lähteenmäki, Ilkka - 2018
Banking and financial services have traditionally been a heavily regulated industry where technology alone has not been a sufficient factor to transform the operating architectures of the industry. The pervasive view in the financial industry has been that digitalization and its integrational...
Persistent link: https://www.econbiz.de/10012037704
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Dealer Pricing of Consumer Credit
Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - 2002
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers? credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10010262807
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Climate stress testing
Acharya, Viral V.; Berner, Richard B.; Engle, Robert F.; … - 2023
We explore the design of climate stress tests to assess and manage macro-prudential risks from climate change in the financial sector. We review the climate stress scenarios currently employed by regulators, highlighting the need to (i) consider many transition risks as dynamic policy choices;...
Persistent link: https://www.econbiz.de/10014480558
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The role of intermediaries in selection markets: Evidence from mortgage lending
Allen, Jason; Clark, Robert; Houde, Jean-François; Li, … - 2023
We study the role of intermediaries (brokers) in the Canadian mortgage market. In this market, consumers can search for … mortgage demand to disentangle two explanations for why borrowers wind up with these riskier mortgage products: (i) brokers …
Persistent link: https://www.econbiz.de/10014544497
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An economic perspective on payments migration
Kosse, Anneke; Lu, Zhentong; Xerri, Gabriel - 2020
Canada is in the midst of developing three new core payment systems: Lynx, Settlement Optimization Engine (SOE) and Real-Time Rail (RTR). Lynx and SOE will replace the current Large Value Transfer System (LVTS) and Automated Clearing Settlement System (ACSS), whereas RTR will be a new...
Persistent link: https://www.econbiz.de/10012619574
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Predicting payment migration in Canada
Kosse, Anneke; Lu, Zhentong; Xerri, Gabriel - 2020
Canada currently has two core payment systems for processing funds transfers between financial institutions: the Large Value Transfer System (LVTS) and the Automated Clearing Settlement System (ACSS). These systems will be replaced over the next years by three new systems: Lynx, the Settlement...
Persistent link: https://www.econbiz.de/10012619587