发布求助
文献互助 智能选刊 最新文献

LSN: Consumer Credit Issues (Sub-Topic)最新文献

筛选
英文 中文
The Influence of Accounting Information Disclosed Under GASB Statement No. 34 on Municipal Bond Insurance Premiums and Credit Ratings 政府会计准则第34号公告披露的会计信息对市政债券保费及信用评级的影响
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2014-06-01 DOI: 10.1111/pbaf.12035
Earl D. Benson, Barry R. Marks
{"title":"The Influence of Accounting Information Disclosed Under GASB Statement No. 34 on Municipal Bond Insurance Premiums and Credit Ratings","authors":"Earl D. Benson, Barry R. Marks","doi":"10.1111/pbaf.12035","DOIUrl":"https://doi.org/10.1111/pbaf.12035","url":null,"abstract":"This paper examines the impact of accounting information on first the cost of municipal bond insurance and secondly on the credit rating awarded on municipal debt, using data disclosed under Statement No. 34 of the Governmental Accounting Standards Board (GASB 34) for insured general obligation debt issued by Texas cities. It finds that both governmental fund and government‐wide financial information is related to the cost of municipal bond insurance and the credit rating on municipal debt. The paper also shows that the utilization of accounting information by bond insurers is not identical to its use by a bond rating agency.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114743343","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 27
Capital Requirements for Non-Bank Mortgage Companies 非银行抵押贷款公司的资本要求
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2014-05-28 DOI: 10.2139/SSRN.2447287
R. C. Whalen, Marjan Riggi
{"title":"Capital Requirements for Non-Bank Mortgage Companies","authors":"R. C. Whalen, Marjan Riggi","doi":"10.2139/SSRN.2447287","DOIUrl":"https://doi.org/10.2139/SSRN.2447287","url":null,"abstract":"Federal and state regulators are currently considering the imposition of capital requirements and other prudential rules on various classes of non-bank financial institutions, including insurers and mortgage servicers. This report examines some of the issues involving non-bank financial companies with a focus on non-bank loan mortgage originators and/or servicers (“seller/servicers”) in the context of the evolving discussion among regulators and researchers toward developing “appropriate” regulation and supervision like that traditionally applied to insured depository institutions (IDIs).","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132427886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Solving the Credit Conundrum: Helping Consumers’ Credit Records Impaired by the Foreclosure Crisis and Great Recession 解决信用难题:帮助受止赎危机和大衰退影响的消费者信用记录
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2013-12-31 DOI: 10.2139/SSRN.2398540
C. Wu
{"title":"Solving the Credit Conundrum: Helping Consumers’ Credit Records Impaired by the Foreclosure Crisis and Great Recession","authors":"C. Wu","doi":"10.2139/SSRN.2398540","DOIUrl":"https://doi.org/10.2139/SSRN.2398540","url":null,"abstract":"The economic destruction of the foreclosure crisis and the Great Recession included not only the 4.5 million families who lost their homes and 8 million workers who lost their jobs, but the crippling aftereffect of poor credit histories that affected the ability of these consumers to obtain affordable credit, jobs, rental housing, and insurance. This white paper explores these aftereffects and proposes solutions to help afflicted consumers. It reviews both the harm to individual consumers and the wider impact on economic recovery. It also documents the credit reporting problems caused by errors and anomalies, and discusses the broader problem of relying on past credit history to judge future performance, arguing that such a broad-brush approach fails to distinguish between consumers who are simply unlucky and those who are truly irresponsible. Finally, the paper makes several policy recommendations to assist consumers whose credit reports were damaged by the foreclosure crisis and Great Recession.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115496908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Losing the Paper – Mortgage Assignments, Note Transfers and Consumer Protection 丢失纸张-抵押转让，票据转让和消费者保护
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2012-10-29 DOI: 10.2139/ssrn.2168189
Alan M. White
{"title":"Losing the Paper – Mortgage Assignments, Note Transfers and Consumer Protection","authors":"Alan M. White","doi":"10.2139/ssrn.2168189","DOIUrl":"https://doi.org/10.2139/ssrn.2168189","url":null,"abstract":"In this article, I survey the state of the mortgage loan transfer system, the legal rules that govern it, and the widening gap between those rules and the practices in the secondary mortgage market just prior to the 2008 crisis. The review includes some empirical assessment of the extent of errors and execution problems; the damage done by “robo-signing;” the Mortgage Electronic Registration System (MERS) and note delivery practices; and the extent to which courts will prevent or reverse foreclosure sales based on those errors and problems. I then examine why existing legal structures, for both paper-based and electronic transfers, are not working, and the extent to which they have failed, I also identify the key consumer and investor protection values and interests (finality, transparency, fraud protection, and so forth) that must be addressed by the law governing secondary market transfers of home loans. I conclude by outlining options for reforming the mortgage loan transfer system, including the use of a single document merging the note and mortgage, and a structure for the registration of a single authoritative electronic version of the mortgage/note and of all changes in parties to, and terms of, the transaction.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115626811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Bank of America v. Mitchell (2012) 204 CA4th 1199 美国银行诉米切尔案(2012)204 ca4 1199
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2012-05-21 DOI: 10.2139/SSRN.2096380
R. Bernhardt
{"title":"Bank of America v. Mitchell (2012) 204 CA4th 1199","authors":"R. Bernhardt","doi":"10.2139/SSRN.2096380","DOIUrl":"https://doi.org/10.2139/SSRN.2096380","url":null,"abstract":"A recent decision applies California’s deficiency bar to the holder of a second mortgage note despite its previous transfer by the holder of the first.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"10 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126951634","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Non-Recourse Mortgages – A Fresh Start 无追索权抵押贷款-一个新的开始
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2012-03-24 DOI: 10.2139/ssrn.2028454
Ron Harris, A. Meir
{"title":"Non-Recourse Mortgages – A Fresh Start","authors":"Ron Harris, A. Meir","doi":"10.2139/ssrn.2028454","DOIUrl":"https://doi.org/10.2139/ssrn.2028454","url":null,"abstract":"In about a quarter of US states, all residential mortgages are essentially non-recourse, meaning that in case of default, the lender can only repossess the house but cannot collect on the private assets and future income of the borrower. This American innovation is now beginning to attract extensive interest abroad, but ironically in the US itself is getting a bad name. The law has been blamed for exacerbating the financial crisis, while stricken homeowners who take advantage of it have been scolded by lenders and even by the Secretary of the Treasury. We propose a fresh and more balanced look at mandatory non-recourse. Contrary to the view that non-recourse regimes lead to a vicious cycle of defaults, we point out that overall default rates have not in fact been meaningfully higher in non-recourse states. Contrary to the view that non-recourse is merely a populist response to over-indebtedness, we present a number of cogent policy justifications for it. Non-recourse can encourage fresh start with less impact on the credit market than bankruptcy; research shows that stricken homeowners are more likely to declare bankruptcy in recourse states. Non-recourse can enhance the accountability of lenders for mortgages. It can provide homeowners with a measure of insurance against loss of home value in cases where this protection would not be provided in the unregulated market due to market failure. We conclude that non-recourse legislation deserves serious, research-based consideration.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116837842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Mortgage Amortization and Amplification 抵押贷款摊销和放大
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2012-02-01 DOI: 10.2139/ssrn.2008617
Luisa Lambertini, Chiara Forlati
{"title":"Mortgage Amortization and Amplification","authors":"Luisa Lambertini, Chiara Forlati","doi":"10.2139/ssrn.2008617","DOIUrl":"https://doi.org/10.2139/ssrn.2008617","url":null,"abstract":"Mortgages characterized by negative or low early amortization schedules amplify the macroeconomic effects of a housing risk shock. We analyze the role of mortgage amortization in a two-sector DSGE model with housing risk and endogenous default. Mortgage loan contracts extend to two periods and have adjustable rates. The fraction of principal to be repaid in the first period can vary. As the fraction of principal to be paid in the first period falls, steady-state mortgages and leverage increase and the impact of a housing risk shock on consumption and output is amplified. Borrowers prefer negative amortization. If free to choose the amortization schedule, borrowers would repay most of the principal in the last period of the contract. Low early repayments of principal allow borrowers to hold on to their housing stock and postpone default to the second period having incurred small sunk costs.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124889872","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
White Paper In Support of The Home Mortgage Bridge Loan Assistance Act of 2012 支持2012年住房抵押过桥贷款援助法案的白皮书
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2012-01-17 DOI: 10.2139/SSRN.1987159
R. Hockett, Michael Campbell
{"title":"White Paper In Support of The Home Mortgage Bridge Loan Assistance Act of 2012","authors":"R. Hockett, Michael Campbell","doi":"10.2139/SSRN.1987159","DOIUrl":"https://doi.org/10.2139/SSRN.1987159","url":null,"abstract":"This White Paper provides background information and explanation in support of passage of the statute that we have drafted -- the Home Mortgage Bridge Loan Assistance Act of 2012 -- by the legislature of New York. Many homeowners now faced with the threat of foreclosure are only temporarily in distress owing to transitory income loss rooted in temporary unemployment or underemployment. In consequence many foreclosures, along with their many harmful effects upon home prices as well as neighborhoods and families, can be avoided at very low cost through bridge loan assistance programs. Pennsylvania's highly successful HEMAP program, instituted in the early 1980s, is a conspicuous case in point. Our draft statute aims to replicate the benefits of HEMAP while also incorporating lessons learned in the several decades since HEMAP's implementation.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"103 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122076356","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Creative Ventures, LLC v Jim Ward & Assocs.: (2011) 195 CA4th 1430, - CR3d Creative Ventures, LLC诉Jim Ward & associates案。(2011) 195 ca4 1430， - CR3d
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2011-11-07 DOI: 10.2139/SSRN.1956228
R. Bernhardt
{"title":"Creative Ventures, LLC v Jim Ward & Assocs.: (2011) 195 CA4th 1430, - CR3d","authors":"R. Bernhardt","doi":"10.2139/SSRN.1956228","DOIUrl":"https://doi.org/10.2139/SSRN.1956228","url":null,"abstract":"Analysis of a California decision applying usury sanctions to third party investors.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114487828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Involuntary Creditors and Corporate Bankruptcy 非自愿债权人和公司破产
LSN: Consumer Credit Issues (Sub-Topic) Pub Date : 2011-10-04 DOI: 10.2139/ssrn.1938599
S. Lubben, Stephanie Ben-Ishai
{"title":"Involuntary Creditors and Corporate Bankruptcy","authors":"S. Lubben, Stephanie Ben-Ishai","doi":"10.2139/ssrn.1938599","DOIUrl":"https://doi.org/10.2139/ssrn.1938599","url":null,"abstract":"In this paper we focus on the concern that a preference for quick sales over traditional reorganization cases - which we see in both the United States and Canada - might allow the debtor’s management to work with secured lenders to extract assets from the debtor in a way that would not be possible in a “normal” bankruptcy case. In particular, we examine how a quick sale can be used to cleanse assets of their association with environmental claims. We also consider how the insolvency systems in our respective countries might adapt to address this problem. Ultimately, the best protection for involuntary creditors, including environmental creditors, is to maximize the value of the debtor’s assets. That counsels for improving stakeholders’ ability to monitor the sale process and ensure that the sale process in not rushed for the sole benefit of senior creditors.","PeriodicalId":196559,"journal":{"name":"LSN: Consumer Credit Issues (Sub-Topic)","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126528927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信