*the views expressed here are those of the author and do not necessarily represent the views of the Federal reserve bank of Philadelphia or the Federal reserve system. you’ve probably heard of reverse mortgage loans. but even though these loans have been getting more attention in the media and in academia, it’s possible that you’re still not sure about what reverse mortgages really are.1 ost pe...

Based on the survey data of 364 peasant households in Yibin, Sichuan, this paper analyzes the farmer’s willingness to small forest tenure mortgage loans. The result indicates a high willingness up to 74.2%, i.e. the farmers are willing to invest forest tenure mortgage loans into forestry and agricultural production. The influential factors on farmer’s willingness to small forest tenure mortgage...

The Padmakar–Ivan (PI) index of a graph G is defined as the sum of terms [mu(e) + mv(e)] over all edges of G, where e is an edge, connecting the vertices u and v, wheremu(e) is the number of edges of G lying closer to the vertex u than to the vertex v, and where mv(e) is defined analogously. The extremal values of the PI index are determined in the class of connected bipartite graphs with a giv...

Losses in the market for private label residential mortgage backed securities (RMBS) were at the epicenter of the financial crisis from 2007-2009. Existing research has shown that a substantial portion of the poor performance of the loans securitized in this market was caused by fraudulent origination practices, and that these practices were misrepresented to investors who purchased securities ...

This paper uses insights from behavioral economics to explain a particularly surprising borrowing phenomenon: One in six undergraduate students offered interest-free loans turn them down. Models of impulse control predict that students may optimally reject subsidized loans to avoid excessive consumption during school. Using the National Postsecondary Student Aid Study (NPSAS), we investigate st...

Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs). Key contributions are the use of a unique data set of SME lending by over 400 German banks and relating systematic risk to the size dependence of regulatory capital requirements. What sets our sample apart is its comprehensive coverage of the particularly rich and well developed ...

The observation of firms’ political connections (PCs) and corruption has raised the question their benefits to operation, especially on accessing financial resources. Firms with stronger or informal payment willingness may get easier in approaching formal bank loans. By using different types PCs bribe, study shows that while can help SMEs getting loans, bribe does not have any effect access cre...

Risk management is a central function of banks. Our model examines how banks use this ability to shift risk away from entrepreneurs. To create incentive compatibility, banks must assume some of the entrepreneurial risks, e. g. by underwriting OTC hedging contracts or granting loans. The arising bankruptcy risk causes potential contagion. A conflict of interest emerges because banks prefer a div...

Consumer credit is a lucrative but risky business. In order to control risk and maximize profits, commercial banks around the world have made great efforts to develop various analytic models to identify potential default loan applicants. This is also critically important to China, as the non-performing individual loans of Chinese commercial banks have been fast growing because of the myopic bus...

this research was conducted based on survey strategy with purpose of investigating the information seeking behavior patterns of tomato growers in badouleh district. validity of questionnaire as data gathering instrument, confirmed by selected experts and coronbach alpha coefficient (equal to 0.68 – 0.75 range for deferent parts of questionnaire) used to confirm its reliability. the population o...