Risk Based Pricing

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Risk-Based Pricing a Clear and Concise Reference

Author : Gerardus Blokdyk
Publisher : 5starcooks
ISBN 13 : 9780655195580
Total Pages : 124 pages
Book Rating : 4.1/5 (955 download)

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Book Synopsis Risk-Based Pricing a Clear and Concise Reference by : Gerardus Blokdyk

Download or read book Risk-Based Pricing a Clear and Concise Reference written by Gerardus Blokdyk and published by 5starcooks. This book was released on 2018-05-20 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is Supporting Risk-based pricing documentation required? Do you monitor the effectiveness of your Risk-based pricing activities? How to deal with Risk-based pricing Changes? Among the Risk-based pricing product and service cost to be estimated, which is considered hardest to estimate? Whats the best design framework for Risk-based pricing organization now that, in a post industrial-age if the top-down, command and control model is no longer relevant? This powerful Risk-based pricing self-assessment will make you the assured Risk-based pricing domain specialist by revealing just what you need to know to be fluent and ready for any Risk-based pricing challenge. How do I reduce the effort in the Risk-based pricing work to be done to get problems solved? How can I ensure that plans of action include every Risk-based pricing task and that every Risk-based pricing outcome is in place? How will I save time investigating strategic and tactical options and ensuring Risk-based pricing costs are low? How can I deliver tailored Risk-based pricing advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Risk-based pricing essentials are covered, from every angle: the Risk-based pricing self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Risk-based pricing outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Risk-based pricing practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Risk-based pricing are maximized with professional results. Your purchase includes access details to the Risk-based pricing self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book.

Fair Credit Reporting Risk-Based Pricing Regulations (Us Federal Reserve System Regulation) (Frs) (2018 Edition)

Author : The Law The Law Library
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781727788082
Total Pages : 56 pages
Book Rating : 4.7/5 (88 download)

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Book Synopsis Fair Credit Reporting Risk-Based Pricing Regulations (Us Federal Reserve System Regulation) (Frs) (2018 Edition) by : The Law The Law Library

Download or read book Fair Credit Reporting Risk-Based Pricing Regulations (Us Federal Reserve System Regulation) (Frs) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-10-07 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fair Credit Reporting Risk-Based Pricing Regulations (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library presents the complete text of the Fair Credit Reporting Risk-Based Pricing Regulations (US Federal Reserve System Regulation) (FRS) (2018 Edition). Updated as of May 29, 2018 On January 15, 2010, the Board and the Commission published final rules to implement the risk-based pricing provisions in section 311 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), which amended the Fair Credit Reporting Act (FCRA). The final rules generally require a creditor to provide a risk-based pricing notice to a consumer when the creditor uses a consumer report to grant or extend credit to the consumer on material terms that are materially less favorable than the most favorable terms available to a substantial proportion of consumers from or through that creditor. The Board and the Commission are amending their respective risk-based pricing rules to require disclosure of credit scores and information relating to credit scores in risk-based pricing notices if a credit score of the consumer is used in setting the material terms of credit. These final rules reflect the new requirements in section 615(h) of the FCRA that were added by section 1100F of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This book contains: - The complete text of the Fair Credit Reporting Risk-Based Pricing Regulations (US Federal Reserve System Regulation) (FRS) (2018 Edition) - A table of contents with the page number of each section

Risk Based Pricing A Complete Guide - 2020 Edition

Author : Gerardus Blokdyk
Publisher : 5starcooks
ISBN 13 : 9781867410652
Total Pages : 306 pages
Book Rating : 4.4/5 (16 download)

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Book Synopsis Risk Based Pricing A Complete Guide - 2020 Edition by : Gerardus Blokdyk

Download or read book Risk Based Pricing A Complete Guide - 2020 Edition written by Gerardus Blokdyk and published by 5starcooks. This book was released on 2020-05-22 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: What could cause you to change course? What is the oversight process? What are the expected Risk based pricing results? Is the required Risk based pricing data gathered? What are the barriers to increased Risk based pricing production? This valuable Risk Based Pricing self-assessment will make you the established Risk Based Pricing domain visionary by revealing just what you need to know to be fluent and ready for any Risk Based Pricing challenge. How do I reduce the effort in the Risk Based Pricing work to be done to get problems solved? How can I ensure that plans of action include every Risk Based Pricing task and that every Risk Based Pricing outcome is in place? How will I save time investigating strategic and tactical options and ensuring Risk Based Pricing costs are low? How can I deliver tailored Risk Based Pricing advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Risk Based Pricing essentials are covered, from every angle: the Risk Based Pricing self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Risk Based Pricing outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Risk Based Pricing practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Risk Based Pricing are maximized with professional results. Your purchase includes access details to the Risk Based Pricing self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation - In-depth and specific Risk Based Pricing Checklists - Project management checklists and templates to assist with implementation INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

Fair Credit Reporting Risk-Based Pricing Regulations (Us Federal Trade Commission Regulation) (Ftc) (2018 Edition)

Author : The Law The Law Library
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781729669600
Total Pages : 96 pages
Book Rating : 4.6/5 (696 download)

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Book Synopsis Fair Credit Reporting Risk-Based Pricing Regulations (Us Federal Trade Commission Regulation) (Ftc) (2018 Edition) by : The Law The Law Library

Download or read book Fair Credit Reporting Risk-Based Pricing Regulations (Us Federal Trade Commission Regulation) (Ftc) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-04 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fair Credit Reporting Risk-Based Pricing Regulations (US Federal Trade Commission Regulation) (FTC) (2018 Edition) The Law Library presents the complete text of the Fair Credit Reporting Risk-Based Pricing Regulations (US Federal Trade Commission Regulation) (FTC) (2018 Edition). Updated as of May 29, 2018 The Board and the Commission are jointly issuing final rules to implement the risk-based pricing provisions in section 311 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), which amends the Fair Credit Reporting Act (FCRA). The final rules generally require a creditor to provide a risk-based pricing notice to a consumer when the creditor uses a consumer report to grant or extend credit to the consumer on material terms that are materially less favorable than the most favorable terms available to a substantial proportion of consumers from or through that creditor. The final rules also provide for two alternative means by which creditors can determine when they are offering credit on material terms that are materially less favorable. The final rules also include certain exceptions to the general rule, including exceptions for creditors that provide a consumer with a disclosure of the consumer's credit score in conjunction with additional information that provides context for the credit score disclosure. This book contains: - The complete text of the Fair Credit Reporting Risk-Based Pricing Regulations (US Federal Trade Commission Regulation) (FTC) (2018 Edition) - A table of contents with the page number of each section

Pricing Credit Products

Author : Robert L. Phillips
Publisher : Stanford Business Books
ISBN 13 : 9780804787208
Total Pages : 256 pages
Book Rating : 4.7/5 (872 download)

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Book Synopsis Pricing Credit Products by : Robert L. Phillips

Download or read book Pricing Credit Products written by Robert L. Phillips and published by Stanford Business Books. This book was released on 2018 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consumer credit market -- Credit risk -- Incremental loan profitability -- The fundamentals of price response -- Estimating price response -- Pricing segmentation -- Optimizing prices -- Behavioral economics and credit pricing

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.

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:

Interest Rate Dynamics, Derivatives Pricing, and Risk Management

Author : Lin Chen
Publisher : Springer Science & Business Media
ISBN 13 : 364246825X
Total Pages : 158 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Interest Rate Dynamics, Derivatives Pricing, and Risk Management by : Lin Chen

Download or read book Interest Rate Dynamics, Derivatives Pricing, and Risk Management written by Lin Chen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are two types of tenn structure models in the literature: the equilibrium models and the no-arbitrage models. And there are, correspondingly, two types of interest rate derivatives pricing fonnulas based on each type of model of the tenn structure. The no-arbitrage models are characterized by the work of Ho and Lee (1986), Heath, Jarrow, and Morton (1992), Hull and White (1990 and 1993), and Black, Dennan and Toy (1990). Ho and Lee (1986) invent the no-arbitrage approach to the tenn structure modeling in the sense that the model tenn structure can fit the initial (observed) tenn structure of interest rates. There are a number of disadvantages with their model. First, the model describes the whole volatility structure by a sin gle parameter, implying a number of unrealistic features. Furthennore, the model does not incorporate mean reversion. Black-Dennan-Toy (1990) develop a model along tbe lines of Ho and Lee. They eliminate some of the problems of Ho and Lee (1986) but create a new one: for a certain specification of the volatility function, the short rate can be mean-fteeting rather than mean-reverting. Heath, Jarrow and Morton (1992) (HJM) construct a family of continuous models of the term struc ture consistent with the initial tenn structure data.

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

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.

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.

Fair Lending Compliance

Author : Clark R. Abrahams
Publisher : John Wiley & Sons
ISBN 13 : 0470167769
Total Pages : 384 pages
Book Rating : 4.4/5 (71 download)

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Book Synopsis Fair Lending Compliance by : Clark R. Abrahams

Download or read book Fair Lending Compliance written by Clark R. Abrahams and published by John Wiley & Sons. This book was released on 2008-01-02 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Fair Lending ComplianceIntelligence and Implications for Credit Risk Management "Brilliant and informative. An in-depth look at innovative approaches to credit risk management written by industry practitioners. This publication will serve as an essential reference text for those who wish to make credit accessible to underserved consumers. It is comprehensive and clearly written." --The Honorable Rodney E. Hood "Abrahams and Zhang's timely treatise is a must-read for all those interested in the critical role of credit in the economy. They ably explore the intersection of credit access and credit risk, suggesting a hybrid approach of human judgment and computer models as the necessary path to balanced and fair lending. In an environment of rapidly changing consumer demographics, as well as regulatory reform initiatives, this book suggests new analytical models by which to provide credit to ensure compliance and to manage enterprise risk." --Frank A. Hirsch Jr., Nelson Mullins Riley & Scarborough LLP Financial Services Attorney and former general counsel for Centura Banks, Inc. "This book tackles head on the market failures that our current risk management systems need to address. Not only do Abrahams and Zhang adeptly articulate why we can and should improve our systems, they provide the analytic evidence, and the steps toward implementations. Fair Lending Compliance fills a much-needed gap in the field. If implemented systematically, this thought leadership will lead to improvements in fair lending practices for all Americans." --Alyssa Stewart Lee, Deputy Director, Urban Markets Initiative The Brookings Institution "[Fair Lending Compliance]...provides a unique blend of qualitative and quantitative guidance to two kinds of financial institutions: those that just need a little help in staying on the right side of complex fair housing regulations; and those that aspire to industry leadership in profitably and responsibly serving the unmet credit needs of diverse businesses and consumers in America's emerging domestic markets." --Michael A. Stegman, PhD, The John D. and Catherine T. MacArthur Foundation, Duncan MacRae '09 and Rebecca Kyle MacRae Professor of Public Policy Emeritus, University of North Carolina at Chapel Hill

Consumer Credit Models

Author : Lyn C. Thomas
Publisher : OUP Oxford
ISBN 13 : 0191552496
Total Pages : 400 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Consumer Credit Models by : Lyn C. Thomas

Download or read book Consumer Credit Models written by Lyn C. Thomas and published by OUP Oxford. This book was released on 2009-01-29 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of credit scoring - the quantitative and statistical techniques to assess the credit risks involved in lending to consumers - has been one of the most successful if unsung applications of mathematics in business for the last fifty years. Now with lenders changing their objectives from minimising defaults to maximising profits, the saturation of the consumer credit market allowing borrowers to be more discriminating in their choice of which loans, mortgages and credit cards to use, and the Basel Accord banking regulations raising the profile of credit scoring within banks there are a number of challenges that require new models that use credit scores as inputs and extensions of the ideas in credit scoring. This book reviews the current methodology and measures used in credit scoring and then looks at the models that can be used to address these new challenges. The first chapter describes what a credit score is and how a scorecard is built which gives credit scores and models how the score is used in the lending decision. The second chapter describes the different ways the quality of a scorecard can be measured and points out how some of these measure the discrimination of the score, some the probability prediction of the score, and some the categorical predictions that are made using the score. The remaining three chapters address how to use risk and response scoring to model the new problems in consumer lending. Chapter three looks at models that assist in deciding how to vary the loan terms made to different potential borrowers depending on their individual characteristics. Risk based pricing is the most common approach being introduced. Chapter four describes how one can use Markov chains and survival analysis to model the dynamics of a borrower's repayment and ordering behaviour . These models allow one to make decisions that maximise the profitability of the borrower to the lender and can be considered as part of a customer relationship management strategy. The last chapter looks at how the new banking regulations in the Basel Accord apply to consumer lending. It develops models that show how they will change the operating decisions used in consumer lending and how their need for stress testing requires the development of new models to assess the credit risk of portfolios of consumer loans rather than a models of the credit risks of individual loans.

Theory of Financial Risk and Derivative Pricing

Author : Jean-Philippe Bouchaud
Publisher : Cambridge University Press
ISBN 13 : 1139440276
Total Pages : 410 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Theory of Financial Risk and Derivative Pricing by : Jean-Philippe Bouchaud

Download or read book Theory of Financial Risk and Derivative Pricing written by Jean-Philippe Bouchaud and published by Cambridge University Press. This book was released on 2003-12-11 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk control and derivative pricing have become of major concern to financial institutions, and there is a real need for adequate statistical tools to measure and anticipate the amplitude of the potential moves of the financial markets. Summarising theoretical developments in the field, this 2003 second edition has been substantially expanded. Additional chapters now cover stochastic processes, Monte-Carlo methods, Black-Scholes theory, the theory of the yield curve, and Minority Game. There are discussions on aspects of data analysis, financial products, non-linear correlations, and herding, feedback and agent based models. This book has become a classic reference for graduate students and researchers working in econophysics and mathematical finance, and for quantitative analysts working on risk management, derivative pricing and quantitative trading strategies.

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.

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:

Deregulating Property-Liability Insurance

Author : J. David Cummins
Publisher : Rowman & Littlefield
ISBN 13 : 9780815798415
Total Pages : 424 pages
Book Rating : 4.7/5 (984 download)

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Book Synopsis Deregulating Property-Liability Insurance by : J. David Cummins

Download or read book Deregulating Property-Liability Insurance written by J. David Cummins and published by Rowman & Littlefield. This book was released on 2004-06-23 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the United States has successfully deregulated prices and restrictions on most previously-regulated industries, including airlines, trucking, railroads, telecommunications, and banking. Only a few industries remain regulated, the largest being the property-liability insurance business. In light of recent sweeping financial modernization legislation in other sectors of the insurance industry, this timely volume examines the basis for continued regulation of rates and forms of the U.S. property-liability insurance market. The book focuses on private passenger automobile insurance—the most important personal line of property-liability coverage, with annual premiums of about $120 billion. The authors analyze five state case studies: California, Massachusetts, and New Jersey—three of the most heavily regulated states—as well as Illinois, which has been deregulated for about 30 years, and South Carolina, which began to deregulate in 1997. The study also includes an econometric analysis based on all fifty states over a 25-year period that gauges the impact of regulation on insurance price levels, price volatility, and the proportion of automobiles insured in residual markets. The authors conclude that regulation does not significantly reduce long-run prices for consumers, and generally limits availability of coverage, reduces the quality and variety of services available in the market, inhibits productivity growth, and increases price volatility. Contributors include Dwight Jaffee (University of California, Berkeley), Thomas Russell (Santa Clara University ), Laureen Regan (Temple University), Sharon Tennyson (Cornell University), Mary Weiss (Temple University), John Worrall (Rutgers University), Stephen D'Arcy (University of Illinois, Urbana-Champaign), Martin Grace (Georgia State University), Robert Klein (Georgia State University), Richard Phillips (Georgia State University), Georges Dionne (University of Montreal), and Richard Butler (Brigham Young University).