Similar Search Results

Self-selection and discrimination in credit markets

Longhofer, Stanley D.; Peters, Stephen R. - Federal Reserve Bank of Cleveland - 1998

This paper increases understanding of the causes and consequences of discrimination in credit markets. It develops an underwriting model in which lenders use a simple Bayesian updating process to evaluate applicant creditworthiness. It also models individuals' self-selection behavior to show how...

Persistent link: https://www.econbiz.de/10005728992

Underserved mortgage markets: evidence from HMDA data

Avery, Robert B.; Beeson, Patricia E.; Sniderman, Mark S. - Federal Reserve Bank of Cleveland - 1994

A baseline evaluation of the variation in mortgage credit flows across different types of neighborhoods using HMDA data collected in 1990 and 1991.

Persistent link: https://www.econbiz.de/10005729062

A call to ARMs: adjustable rate mortgages in the 1980s

Peek, Joe - In: New England Economic Review (1990) Mar, pp. 47-61

Adjustable rate mortgages, long-term loans that provide for interest rate changes at regular intervals over their … mortgages probably account for close to 25 percent of total home mortgage debt. ; While adjustable rate mortgages (ARMs) have …

Persistent link: https://www.econbiz.de/10005729125

A new look at reverse mortgages: potential market and institutional constraints

Mayer, Christopher J.; Simons, Katerina V. - In: New England Economic Review (1994) Mar, pp. 15-26

limited income. Reverse mortgages hold the promise of helping elderly homeowners out of this bind by allowing them to borrow …. ; Although reverse mortgages have been offered for more tl~an a decade, the market has never gained significant size. This … afticle demonstrates a large potential market for reverse mortgages and discusses demand and supply explanations as to why the …

Persistent link: https://www.econbiz.de/10005729175

Regression discontinuity estimates of the effects of the GSE act of 1992

Bhutta, Neil - Federal Reserve Board (Board of Governors of the … - 2009

In this paper I estimate the effect of the Underserved Areas Goal (UAG) established under the “GSE Act”, a 1992 law mandating that the housing government-sponsored enterprises Fannie Mae and Freddie Mac help promote credit access and homeownership opportunities for low-income households and...

Persistent link: https://www.econbiz.de/10004965405

Information externalities: why lending may sometimes need a jump start

Nakamura, Leonard I. - In: Business Review (1993) Jan, pp. 3-14

Persistent link: https://www.econbiz.de/10004967388

Residential mortgage default

Elul, Ronel - In: Business Review (2006) Q3, pp. 21-30

the default risk inherent in home mortgages and how default risk and house prices are related. He also applies these …

Persistent link: https://www.econbiz.de/10004967389

Interest Rate Clustering in UK Financial Services Markets

Ashton, John K.; Hudson, Robert - Centre for Competition Policy, University of East Anglia - 2006

In applications as diverse as banking, supermarket and catalogue sales, it has been clearly identified that prices have a strong propensity to cluster around certain digits. This study forwards an explanation and empirical investigation of price clustering in retail markets, through an...

Persistent link: https://www.econbiz.de/10004968069

Cross‐border financial surveillance: a network perspective

Espinosa‐Vega, Marco A.; Solé, Juan - In: Journal of Financial Economic Policy 3 (2011) 3, pp. 182-205

Purpose – The purpose of this paper is to show how network analysis can be used for effective cross‐border financial surveillance, which requires the monitoring of direct and indirect systemic linkages. Design/methodology/approach – This paper illustrates how network analysis could make a...

Persistent link: https://www.econbiz.de/10014866846

Securitization and financial markets: the implications for interest rate pass-through

Robertson, Mari L. - In: Journal of Financial Economic Policy 8 (2016) 4, pp. 472-498

Purpose The transmission of monetary policy rates to lending rates is viewed as a crucial path of monetary policy. As an integral part of the financial system and the recent financial crisis, securitized assets have the potential to affect the interest rate pass-through process and monetary...

Persistent link: https://www.econbiz.de/10014866935