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Demerjian, Peter R. - 2020

Recent years have seen a new trend in commercial bank lending—loans with no financial covenants. These covenant light, or cov-lite, loans raise concerns about excessive risk to lenders due to lack of monitoring. In this study, we examine the consequences of cov-lite loans. Focusing on rated,...

Persistent link: https://www.econbiz.de/10012835509

The Distribution of Defaults on Margin Loans

Clark, Joseph - 2020

We define a class of margin loans and derive the distribution of defaults. The default risk from an individual loan can be priced as a series of forward starting options with a knockout. Under simple price dynamics this has an explicit solution

Persistent link: https://www.econbiz.de/10012840366

The impact of economic uncertainty and geopolitical risks on bank credit

Demir, Ender; Ozturk Danisman, Gamze - In: The North American journal of economics and finance : a … 57 (2021), pp. 1-14

Persistent link: https://www.econbiz.de/10012822240

Car-Title Lending

Montezemolo, Susanna - 2014

Provides an overview of car-title lending and its impact on U.S. households. Car-title lending — making expensive loans secured by the title of a vehicle a borrower owns outright — has become a multi-billion dollar industry in the U.S. over the last decade. CRL estimates that car-title...

Persistent link: https://www.econbiz.de/10013059369

VA Loans Outperform FHA Loans. Why? And What Can We Learn?

Goodman, Laurie S. - 2016

While Veterans Administration (VA) mortgages and Federal Housing Administration (FHA) mortgages are often lumped together as “government mortgages”, the programs have significant differences, as do the borrowers who use them. In addition, delinquency rates on VA loans have consistently been...

Persistent link: https://www.econbiz.de/10012991508

Liquidity Risk and the Credit Crunch of 2007-2008 : Evidence from Micro-Level Data on Mortgage Loan Applications

Antoniades, Adonis - 2014

important determinant of the contraction of credit in the mortgage market, but as separate from the precipitous fall in credit … to liquidity risk contracted their supply of credit more sharply. I contribute to the identification of this effect by … relying on the use of micro-level data on US mortgage loan applications, which allows me to identify liquidity risk as an …

Persistent link: https://www.econbiz.de/10013039970

Loan-to-value policy and housing finance : effects on constrained borrowers

Araujo, Douglas Kiarelly Godoy de; Barroso, João … - In: Journal of financial intermediation 42 (2020), pp. 1-10

Persistent link: https://www.econbiz.de/10012651661

Loss given default, loan seasoning and financial fragility : evidence from commercial real estate loans at failed banks

Ross, Emily Johnston; Shibut, Lynn - In: The journal of real estate finance and economics 63 (2021) 4, pp. 630-661

Persistent link: https://www.econbiz.de/10012653299

Does Giving CRA Credit for Loan Purchases Increase Mortgage Credit in Low-to-Moderate Income Communities?

Brevoort, Kenneth P. - 2022

Under the Community Reinvestment Act (CRA), banks can fulfill their obligation to meet local credit needs either by … credit for purchases has had its intended effect of making LMI credit more available by enhancing LMI loan liquidity. Using …

Persistent link: https://www.econbiz.de/10013289731

The role of macroprudential policy in bank housing loans portfolio quality assurance

Mitrašević, Mirela - In: Ekonomske teme 59 (2021) 2, pp. 281-296

attention is paid to the challenges that the real estate market and mortgage loans have been facing during the crisis caused by …

Persistent link: https://www.econbiz.de/10012888083