Risk Based Mortgage Pricing

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Risk-Based Mortgage Pricing

Author : Alan M. White
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Risk-Based Mortgage Pricing by : Alan M. White

Download or read book Risk-Based Mortgage Pricing written by Alan M. White and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The policy debate surrounding predatory lending laws and the subprime mortgage market opposes two hypotheses. The first is that an efficient market is providing broader access to credit, offering mortgages with higher rates and fees to higher risk borrowers, and that prices relate directly to the added risk. The contrary hypothesis is that high interest rates and loan fees are charged in the subprime market well in excess of the risk-related costs. A number of readily observed facts about the subprime mortgage market support the opportunity pricing hypothesis. Existing research includes simple descriptive price information, papers inferring a correlation between high prices and high risk of credit loss from observed default rates, theoretical discussions to explain the observed pricing dispersion, and studies trying to determine whether laws that indirectly restrict mortgage prices have reduced the supply of mortgage credit. Information asymmetries, seller obfuscation and search costs contribute to the observed inefficiencies in this market, and suggest several policy responses.

Risk-based Pricing

Author : Soncia Coleman
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (212 download)

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Book Synopsis Risk-based Pricing by : Soncia Coleman

Download or read book Risk-based Pricing written by Soncia Coleman and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses risk-based mortgage pricing, i.e., the practice of pricing a mortgage loan based on the risk that the borrower will default.

Unintended Consequences of Risk Based Pricing

Author : Kenneth N. Daniels
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Unintended Consequences of Risk Based Pricing by : Kenneth N. Daniels

Download or read book Unintended Consequences of Risk Based Pricing written by Kenneth N. Daniels and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The following analysis focuses on the role that risk pricing has had in the allocation and access to mortgage funds, specifically how it results in cost differences by race. Using a sample of fixed-rate first lien mortgages, we control for the risk characteristics of borrowers and assets. We find that borrowers with comparable credit quality experience significantly higher costs for mortgages in neighborhoods with a high density of minority households. Further, when the pricing differential is controlled for in a model of mortgage default, there is no support for neighborhood price differences. This finding illustrates a potential inequity that results from efficient/risk pricing in mortgage underwriting.

International Convergence of Capital Measurement and Capital Standards

Author :
Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis International Convergence of Capital Measurement and Capital Standards by :

Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Risk-Based Pricing and the Enhancement of Mortgage Credit Availability Among Underserved and Higher Credit-Risk Populations

Author : Yongheng Deng
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Risk-Based Pricing and the Enhancement of Mortgage Credit Availability Among Underserved and Higher Credit-Risk Populations by : Yongheng Deng

Download or read book Risk-Based Pricing and the Enhancement of Mortgage Credit Availability Among Underserved and Higher Credit-Risk Populations written by Yongheng Deng and published by . This book was released on 2006 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates an option-based hazard model of the competing risks of FHA mortgage termination. Results indicate that the elevated default risks of loans originated among lower credit quality and minority borrowers are more than offset by the damped prepayment speeds of those loans, so as to result in markedly lower loan termination probabilities among underserved borrower groups. Those damped termination risks translate into sizable reductions in risk premia to investors in simulated lower credit-quality mortgage pools. Empirical findings suggest that such pooling and risk-based pricing of FHA-insured mortgages could serve to substantially reduce housing finance costs among underserved borrowers, so as to advance both their homeownership opportunities and related federal housing policy objectives.

Subprime Markets, the Role of GSEs, and Risk-Based Pricing

Author : Kenneth M. Temkin
Publisher :
ISBN 13 : 9780756727345
Total Pages : 0 pages
Book Rating : 4.7/5 (273 download)

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Book Synopsis Subprime Markets, the Role of GSEs, and Risk-Based Pricing by : Kenneth M. Temkin

Download or read book Subprime Markets, the Role of GSEs, and Risk-Based Pricing written by Kenneth M. Temkin and published by . This book was released on 2002-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the ideas & opinions of many subprime mortgage market participants observers on subprime borrowers, their default experience, & subprime lenders' underwriting practices. Representatives of lenders, trade associations, Fannie Mae & Freddie Mac, rating agencies & other market experts talked with the authors about the complex issues related to a larger GSE role in the subprime market. Chapters: what is subprime lending & who does it serve?; a brief history of subprime lending; underwriting & pricing practices; the GSEs & subprime lending: current & future roles; automated underwriting & risk-based pricing; automated underwriting systems in today's lending environment; & policy issues & recommendations.

Mortgage Rate Insurance

Author : George W. Gau
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Mortgage Rate Insurance by : George W. Gau

Download or read book Mortgage Rate Insurance written by George W. Gau and published by . This book was released on 1982 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Public Policy on Consumer Credit

Author : Thomas A. Durkin
Publisher : Springer Science & Business Media
ISBN 13 : 1461514150
Total Pages : 340 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis The Impact of Public Policy on Consumer Credit by : Thomas A. Durkin

Download or read book The Impact of Public Policy on Consumer Credit written by Thomas A. Durkin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: As both the twenty-first century and the new millennium opened and the old eras passed into history, individuals and organizations throughout the world advanced their listings of the most significant people and events in their respective specialties. Possibly more important, the tum of the clock and calendar also offered these same observers a good reason to glance into the crystal ball. Presumably, the past is of greatest interest to most people when it permits better understanding of the present, and maybe even limited insight into the outlook. In keeping with the reflective mood of the time, the staff and friends of the Credit Research Center (CRC) at Georgetown University's McDonough School of Business noted that the beginning of the new millennium also marked the beginning of the second quarter-century of the Center's existence. The Center began at the Krannert Graduate School of Management at Purdue University in 1974 and moved to the McDonough School of Business at Georgetown University in 1997. The silver anniversary of its founding offered the occasion for creating more than another listing of significant past accomplishments and milestones. Rather, it offered the opportunity and, indeed, a mandate for CRC as an academic research center, to undertake a retrospective and future look into the status of research questions pertaining to consumer credit markets. For this reason, the Center organized a research conference which was held in Washington, D. C.

Managing Risk in the Secondary Market for Residential Mortgages

Author :
Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Managing Risk in the Secondary Market for Residential Mortgages by :

Download or read book Managing Risk in the Secondary Market for Residential Mortgages written by and published by Irwin Professional Publishing. This book was released on 1989 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Risk-based Pricing of Interest in Household Loan Markets

Author : Wendy Edelberg
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Risk-based Pricing of Interest in Household Loan Markets by : Wendy Edelberg

Download or read book Risk-based Pricing of Interest in Household Loan Markets written by Wendy Edelberg and published by . This book was released on 2003 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Risk-based Pricing of Interest Rates in Household Loan Markets

Author : Wendy Edelberg
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (535 download)

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Book Synopsis Risk-based Pricing of Interest Rates in Household Loan Markets by : Wendy Edelberg

Download or read book Risk-based Pricing of Interest Rates in Household Loan Markets written by Wendy Edelberg and published by . This book was released on 2003 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federal Housing Administration: Proposed Legislative Changes Would Affect Borrower Benefits and Risks to the Insurance Funds

Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422397299
Total Pages : 22 pages
Book Rating : 4.3/5 (972 download)

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Book Synopsis Federal Housing Administration: Proposed Legislative Changes Would Affect Borrower Benefits and Risks to the Insurance Funds by :

Download or read book Federal Housing Administration: Proposed Legislative Changes Would Affect Borrower Benefits and Risks to the Insurance Funds written by and published by DIANE Publishing. This book was released on with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Rise of Risk-based Pricing of Mortgage Interest Rates in Italy

Author : Silvia Magri
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (838 download)

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Book Synopsis The Rise of Risk-based Pricing of Mortgage Interest Rates in Italy by : Silvia Magri

Download or read book The Rise of Risk-based Pricing of Mortgage Interest Rates in Italy written by Silvia Magri and published by . This book was released on 2010 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Risks in Commercial and Retail Banking

Author : Amalendu Ghosh
Publisher : John Wiley & Sons
ISBN 13 : 1118103564
Total Pages : 397 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Managing Risks in Commercial and Retail Banking by : Amalendu Ghosh

Download or read book Managing Risks in Commercial and Retail Banking written by Amalendu Ghosh and published by John Wiley & Sons. This book was released on 2012-02-03 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to the practices and procedures of effectively managing banking risks Managing Risks in Commercial and Retail Banking takes an in-depth, logical look at dealing with all aspects of risk management within the banking sector. It presents complex processes in a simplified way by providing real-life situations and examples. The book examines all dimensions of the risks that banks face—both the financial risks—credit, market, and operational—and the non-financial risks—money laundering, information technology, business strategy, legal, and reputational. Focusing on methods and models for identifying, measuring, monitoring, and controlling risks, it provides practical advice backed up by solid theories, without resorting to the use of complicated mathematical and statistical formulas. Author Amalendu Ghosh exposes topics that are usually absent in books on managing banking risk—such as design of control framework, risk management architecture, credit risk rating, risk-based loan pricing, portfolio analysis, business continuity planning, and corporate governance. Author has extensive experience with a variety of major banks and institutions worldwide and brings a fresh perspective in the wake of the global finance crisis Presents a novel approach using models of the credit risk rating of different types of borrowers, the methodology for assigning weights for deriving the rating, and the scoring process Covers the essentials of corporate governance and options for credit risk assessment in line with the recommendations made in the New Basel Capital Accord Explains the methodology of risk-based internal audit, including techniques to enable bank branches to switch over from the old transaction-based audit methods With its logical sequence of the aspects of risk management, the book's layout is ideal for presentations, making it a handy tool for risk management training

The Competitive Effects of Risk-based Bank Capital Regulation

Author :
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis The Competitive Effects of Risk-based Bank Capital Regulation by :

Download or read book The Competitive Effects of Risk-based Bank Capital Regulation written by and published by . This book was released on 2006 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Rise of Risk-based Pricing of Mortgage Interests Rates in Italy

Author : Silvia Magri
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (746 download)

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Book Synopsis The Rise of Risk-based Pricing of Mortgage Interests Rates in Italy by : Silvia Magri

Download or read book The Rise of Risk-based Pricing of Mortgage Interests Rates in Italy written by Silvia Magri and published by . This book was released on 2010 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Handbook of Fixed Income Securities, Chapter 22 - An Overview of Mortgages and the Mortgage Market

Author : Frank Fabozzi
Publisher : McGraw Hill Professional
ISBN 13 : 0071718184
Total Pages : 30 pages
Book Rating : 4.0/5 (717 download)

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Book Synopsis The Handbook of Fixed Income Securities, Chapter 22 - An Overview of Mortgages and the Mortgage Market by : Frank Fabozzi

Download or read book The Handbook of Fixed Income Securities, Chapter 22 - An Overview of Mortgages and the Mortgage Market written by Frank Fabozzi and published by McGraw Hill Professional. This book was released on 2005-04-15 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: From The Handbook of Fixed Income Securities--the most authoritative, widely read reference in the global fixed income marketplace--comes this sample chapter. This comprehensive survey of current knowledge features contributions from leading academics and practitioners and is not equaled by any other single sourcebook. Now, the thoroughly revised and updated seventh edition gives you the facts and formulas you need to compete in today's transformed marketplace. It places increased emphasis on applications, electronic trading, and global portfolio management.