Banking & Insurance最新文献_第5页

Policy Incentives and the Extension of Mortgage Credit: Increasing Market Discipline for Subprime Lending 政策激励和抵押信贷的扩展:增强次级贷款的市场纪律

Banking & Insurance Pub Date : 2009-06-01 DOI: 10.2139/ssrn.1146725

Xudong An, Raphael W. Bostic

{"title":"Policy Incentives and the Extension of Mortgage Credit: Increasing Market Discipline for Subprime Lending","authors":"Xudong An, Raphael W. Bostic","doi":"10.2139/ssrn.1146725","DOIUrl":"https://doi.org/10.2139/ssrn.1146725","url":null,"abstract":"The lax underwriting in non-prime mortgage markets is widely perceived as one cause of the recent difficulties in the housing market. Policymakers are currently considering moves such as enforcing more careful underwriting to provide additional discipline to mortgage markets. This research explores the possibility of another approach to supplement or replace some of these efforts, namely the use of policy to create incentives for Fannie Mae and Freddie Mac (together, the GSEs) to help “check” behavior in non-prime markets. The hypothesis is that the GSE Act affordable housing goals have increased GSE focus on targeted loan purchases, which in turn has led prime market lenders to compete more aggressively for borrowers on the margin between prime and subprime credit quality. As a consequence, these marginal borrowers will be more inclined to take prime mortgages rather than higher-cost subprime loans. We test this hypothesis and find empirical support for it. We observe a negative relationship between the growth in GSE market share and the growth in subprime market share over time, and find that the impact of the GSEs on subprime lending tends to be stronger in high-minority neighborhoods, where subprime lending has been concentrated and growing the fastest. Simulations show that a 10 percent increase in GSE market share (for example, from 20 to 22 percent) can cause 45,000 borrowers using prime instead of subprime loans a cost savings of about $1.7 billion. These results suggest that the GSEs, regardless of their postconservatorship form, should continue to devote attention to serving underserved populations and suggest that significant welfare benefits will accrue. © 2009 by the Association for Public Policy Analysis and Management.","PeriodicalId":315176,"journal":{"name":"Banking & Insurance","volume":"38 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114132245","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: 20

Service Quality Provided by Public Sector Banks to SME Customers: An Empirical Study in the Indian Context 公共部门银行对中小企业客户的服务质量:印度背景下的实证研究

Banking & Insurance Pub Date : 2009-06-01 DOI: 10.2139/SSRN.1412791

G. Popli, D. Rao

{"title":"Service Quality Provided by Public Sector Banks to SME Customers: An Empirical Study in the Indian Context","authors":"G. Popli, D. Rao","doi":"10.2139/SSRN.1412791","DOIUrl":"https://doi.org/10.2139/SSRN.1412791","url":null,"abstract":"In banking sector, the quality of customer service plays an important role, particularly in the context of growing competition and sustained business growth. The study is an attempt to ascertain the service quality provided by Public Sector Banks to Small & Medium Enterprises which play a key role in India’s economy. The major findings of the study have been that 1. Modernization and Communication affect the services to a large extent and there is a need of training to the staff for improvement of service to the SMEs customers; 2. The service quality of private banks is superior to that of Public sector banks; 3. Majority of the respondents revealed that the credit flow to SMEs sector is not sufficient and the Government will have to initiate necessary steps for making the required funds available easily on convenient terms; 4. Majority of the respondents feel that the policies for SME Sector of other countries are far better from the policies of India; 5. Delay in loan application processing due to unhelpful nature of the staff members, as claimed by the majority of the respondents. The banks usually provide finance against security and as high as 86% of the respondents are of the view that the banks ask for collateral security/guarantee from a third party even where the project has been assessed as viable and primary security is adequate.","PeriodicalId":315176,"journal":{"name":"Banking & Insurance","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133829971","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

Portfolio Optimisation with a Value at Risk Constraint in the Presence of Unhedgeable Risks 存在不可对冲风险时具有风险约束值的投资组合优化

Banking & Insurance Pub Date : 2009-05-27 DOI: 10.2139/ssrn.1289284

M. Janssen

引用次数: 3

Restorative Justice for Banks Through Negative Licensing 通过负面许可对银行进行恢复性司法

Banking & Insurance Pub Date : 2009-05-20 DOI: 10.1093/BJC/AZP038

J. Braithwaite

引用次数: 37

Corporate Governance Issues for Central Banks 央行的公司治理问题

Banking & Insurance Pub Date : 2009-05-20 DOI: 10.2139/SSRN.1407443

Miriam Musaali