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Fuster, Andreas; Plosser, Matthew; Vickery, James - 2018

well as bank risk-taking, growth, and operating costs. We use a difference-in-differences approach, making use of the fact … in large "jumbo" mortgages. We find no clear evidence of substitution in lending between bank and nonbank subsidiaries …, or effects on asset growth or bank noninterest expenses. …

Persistent link: https://www.econbiz.de/10011868541

Predatory Lending Practices and Subprime Foreclosures : Distinguishing Impacts by Loan Category

Rose, Morgan J. - 2011

A recent dramatic rise in subprime foreclosures has led to calls for restrictions against a range of loan features loosely termed “predatory.” Several cities and states have enacted regulations to curb predatory practices, and some advocacy groups endorse action at the federal level. Using...

Persistent link: https://www.econbiz.de/10013122288

The Rise in Consumer Credit and Bankruptcy : Cause for Concern?

MacGee, James - 2012

Canadian households are saddled with unprecedented amounts of debt. As a percentage of income, debt levels of Canadians are higher than at any point in recent history and are now higher than those of American households. Recent debates have largely focused on the housing market and on the risks...

Persistent link: https://www.econbiz.de/10013107284

Strategic Default on First and Second Lien Mortgages During the Financial Crisis

Jagtiani, Julapa - 2019

current but stand behind a seriously delinquent first mortgage, are subject to a high risk of default. On the other hand …

Persistent link: https://www.econbiz.de/10012905985

Net flow rates versus roll rates as non-performing consumer loans forecasting methodologies

De Ribera Martin, Francisco de Asis - In: Revista de métodos cuantitativos para la economía y … 34 (2022), pp. 37-59

Roll rates and net flow rates can be seen as the evolution of ageing of accounts receivable and Markov chains. They are accepted methodologies to model the behavior of non-performing consumer loans by buckets and to predict losses, but we find that quite often they are wrongly used as...

Persistent link: https://www.econbiz.de/10013485817

Adverse Selection in the Home Equity Line of Credit Market

LaCour-Little, Michael - 2017

home equity loans bear both higher default and prepayment risk compared to loans held in portfolio by lenders, consistent … endogenous decision to securitize, and support adoption of the credit risk retention rule for asset-backed securities …

Persistent link: https://www.econbiz.de/10012945378

Financial Crises and the Transmission of Monetary Policy to Consumer Credit Markets

Indarte, Sasha - 2021

How does creditor health impact the pass-through of monetary policy to households? Using data on the universe of US credit unions, I document that creditor asset losses increase the sensitivity of consumer credit to monetary policy. Identification exploits plausibly exogenous variation in asset...

Persistent link: https://www.econbiz.de/10013252399

Economic Models and Regulatory Remedies for the Problem of Consumer Credit

Ko, K. Jeremy - 2011

Much has been written about the problem of consumer credit in the United States over the past decade. In this paper, we survey the prevailing economic theories of consumer credit, which identify a common root problem. Namely, consumers can potentially underestimate borrowing costs, and lenders...

Persistent link: https://www.econbiz.de/10013127783

To Empower, Prohibit, or Delegate? : Regulatory Strategies for the Consumer Credit Market

Lee, Yoon-Ho Alex - 2013

government has in addressing these failures. We argue that the current regulation, consisting largely of variations of …

Persistent link: https://www.econbiz.de/10013092605

Payday Lending Regulation

Kaufman, Alex - 2013

To date the debate over payday lending has focused on whether access to such lending is on net beneficial or harmful to consumer welfare. However, payday loans are not one product but many, and different forms of lending may have different welfare implications. The current diversity in payday...

Persistent link: https://www.econbiz.de/10013073386

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