Using 2005 Home Mortgage Disclosure Act data, this study explores problematic mortgage application behaviors including submitting incomplete paperwork when seeking a mortgage, withdrawing a loan application before the lender makes a credit decision, rejecting a lender approved loan offer and accepting a high interest rate loan. Tract-level college completion rates, homeownership rates, and hous...

This paper examines the information content of loan announcements using an event study methodology. I differentiate between loan announcements according to the type of lending institution. The empirical results suggest that the information released by bank loans announcements are greater than loans announced by other lenders. Furthermore, the market response is greatest when the borrower firm h...

Network data envelopment analysis models assess efficiency of decision-making unit and its sections using historical data but fail to measure efficiency of its units and their internal stages in the future. In this paper we aim to measure efficiency of stages of bank branches and obtain efficiency trend of stages during the time, then to estimate their efficiency in the future therefore we can ...

We propose a heteroscedastic regression model to identify the determinants of the dispersion in interest rates on loans granted to small and medium sized enterprises. We interpret unexplained deviations as evidence of the banks’ discretionary use of market power in the loan rate setting process. “Discretion” in the loan-pricing process is most important, we find, if: (i) loans are small and unc...

The education level of entrepreneurs plays an important role in the decision-making process loan financing. In this paper, research method optimization theory is used to study problem and maximizing utility entrepreneurs, optimal analytic solution obtained. On basis, influence change bank interest rate, marginal effect entrepreneur’s effort, investment, elastic coefficient effort investment on ...

The subject of my remarks today is the regulation and supervision of two large financial companies: the Federal National Mortgage Association (known familiarly as Fannie Mae) and the Federal Home Loan Mortgage Corporation (or Freddie Mac). Fannie Mae and Freddie Mac were created by acts of the Congress and are thus known as government-sponsored enterprises, or GSEs. The Congress chartered these...

Iranian banking network policymakers are focused on bank consolidation as one of the reform policies in recent years. But before merging banks, it is necessary to examine their effects. Loans are one crucial item in the bankschr('39') balance sheets that are affected by bank consolidation. In the Iranian banking network, loans are offered to various economic sectors. What is important for banki...

I estimate the extent to which modi cations of privately securitized mortgages increased or forgave debt during the Great Recession and aftermath, from 2008-2014. I nd that loan modi cations weakened household balance sheets by adding $20 billion to household debt, with the net amount of debt added per modi cation doubling from 2010-2014. Using a decomposition analysis, I also nd that the incre...

We propose a fast algorithm for computing the expected tranche loss in the Gaussian factor model with arbitrary accuracy using Hermite expansions. No assumptions about homogeneity of the portfolio are made. The algorithm is a generalization of the algorithm proposed in [4]. The advantage of the new algorithm is that it allows us to achieve higher accuracy in almost the same computational time. ...