Accounting Comparability and Loan Contracting - CEAR
... Second, this study contributes to our understanding of the relationship between accounting quality and the cost of capital. The extensive literature examining this relationship in the equity market has not been able to reach a consensus as to whether and how financial reporting quality and the cost ...
... Second, this study contributes to our understanding of the relationship between accounting quality and the cost of capital. The extensive literature examining this relationship in the equity market has not been able to reach a consensus as to whether and how financial reporting quality and the cost ...
Credit Reporting at the Base of the Pyramid: Key Issues
... lenders are moving down market with new offerings for low-income families. These include institutions such as Banque Centrale Populaire in Morocco, which is providing consumer loans as well as other financial products (savings and insurance) to poor families. These formal sector lenders prefer to le ...
... lenders are moving down market with new offerings for low-income families. These include institutions such as Banque Centrale Populaire in Morocco, which is providing consumer loans as well as other financial products (savings and insurance) to poor families. These formal sector lenders prefer to le ...
simmons first national corp
... Decrease in due from banks - time Purchases of premises and equipment, net Proceeds from sale of foreclosed assets held for sale Proceeds from sale of foreclosed assets held for sale, covered by FDIC loss share Proceeds from sale of available-for-sale securities Proceeds from maturities of available ...
... Decrease in due from banks - time Purchases of premises and equipment, net Proceeds from sale of foreclosed assets held for sale Proceeds from sale of foreclosed assets held for sale, covered by FDIC loss share Proceeds from sale of available-for-sale securities Proceeds from maturities of available ...
BANKS` ACQUISITION OF PRIVATE INFORMATION ABOUT
... about a borrower that is not publicly available otherwise; such access to nonpublic information distinguishes bank lending from other “arm’s length” funding arrangements (Rajan 1992). The private information obtained by banks then generates lender-client specificity (Ariccia and Marquez 2004) that r ...
... about a borrower that is not publicly available otherwise; such access to nonpublic information distinguishes bank lending from other “arm’s length” funding arrangements (Rajan 1992). The private information obtained by banks then generates lender-client specificity (Ariccia and Marquez 2004) that r ...
Pulling the Trigger: Default Option Exercise over the Business Cycle*
... expectations explanation of default option exercise; indeed, during the different phases of the business cycle, borrowers may have different house price expectations and face different income constraints and oppor ...
... expectations explanation of default option exercise; indeed, during the different phases of the business cycle, borrowers may have different house price expectations and face different income constraints and oppor ...
Got rejected? Real effects of not getting a loan
... firm characteristics in the year prior to the loan application are available on a more granular level than mandated by the disclosure requirements discussed above. I thus make use of the firm characteristics collected by the bank for the following descriptive statistics.6 The average firm is 21 year ...
... firm characteristics in the year prior to the loan application are available on a more granular level than mandated by the disclosure requirements discussed above. I thus make use of the firm characteristics collected by the bank for the following descriptive statistics.6 The average firm is 21 year ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any fo ...
... uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any fo ...
Loan Agreement – Letter of Credit Clauses
... form as may be approved from time to time by the L/C Issuer and in accordance with the L/C Issuer's usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase ...
... form as may be approved from time to time by the L/C Issuer and in accordance with the L/C Issuer's usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase ...
Is there any Dependence between Consumer Credit
... the line excessively, in the hope of reducing the impact of financial distress. Banks interpret such behavior as a signal of credit quality deterioration: this may lead to better risk management of the loan portfolio if corrective measures are taken early. To deal with the endogeneity problem of the ...
... the line excessively, in the hope of reducing the impact of financial distress. Banks interpret such behavior as a signal of credit quality deterioration: this may lead to better risk management of the loan portfolio if corrective measures are taken early. To deal with the endogeneity problem of the ...
discrimination in the small-business credit market
... Although not much previous research has examined discrimination in small-business credit markets, there has been an active debate on the question of whether banks discriminate against minority applicants for mortgages. In an in uential study in that area, researchers at the Federal Reserve Bank of ...
... Although not much previous research has examined discrimination in small-business credit markets, there has been an active debate on the question of whether banks discriminate against minority applicants for mortgages. In an in uential study in that area, researchers at the Federal Reserve Bank of ...
The Relationship Between The Use Of The C`S Of Credit And The
... to MSEs because the clients from this sector are largely poor, lacking in normal securities that can be used as collateral in conventional lending. Commercial banks have therefore for a long time perceived such businesses as highly risky and undeserving o f any credit, even though the business perso ...
... to MSEs because the clients from this sector are largely poor, lacking in normal securities that can be used as collateral in conventional lending. Commercial banks have therefore for a long time perceived such businesses as highly risky and undeserving o f any credit, even though the business perso ...
Joint Center for Housing Studies Harvard University
... mostly concerned with impending rate resets on ARMs. As the crisis progressed, however, the spike in early payment defaults made clear that increasing numbers of homeowners could not afford their monthly mortgage payments even at the initial interest rates. Some of these loans were infected with fra ...
... mostly concerned with impending rate resets on ARMs. As the crisis progressed, however, the spike in early payment defaults made clear that increasing numbers of homeowners could not afford their monthly mortgage payments even at the initial interest rates. Some of these loans were infected with fra ...
Understanding Credit Reports
... ◊ CRA must report to the consumer within 30 days ◊ If the CRA can’t verify the information, then it must be removed from the file or if in error it must be corrected ◊ If a consumer disagrees with result of CRA investigation, they have the right to submit a 100 word explanation which stays in the co ...
... ◊ CRA must report to the consumer within 30 days ◊ If the CRA can’t verify the information, then it must be removed from the file or if in error it must be corrected ◊ If a consumer disagrees with result of CRA investigation, they have the right to submit a 100 word explanation which stays in the co ...
Chapter One * Introduction - Mutual Fund Directors Forum
... and the collateral received. Mutual Funds will not usually lend all their Funds as not all may be appropriate portfolios for securities lending. Some beneficial owners may also utilize securities lending as a means to raise cash. The cash collateral received against the lent security may be a cheape ...
... and the collateral received. Mutual Funds will not usually lend all their Funds as not all may be appropriate portfolios for securities lending. Some beneficial owners may also utilize securities lending as a means to raise cash. The cash collateral received against the lent security may be a cheape ...
Repo Regret? - The University of Chicago Booth School of Business
... alternate explanations for the observed results such as a shock to the expected income growth or the house price growth. The demand for housing may increase if borrowers expect a future growth in income. On the other hand, lenders might be more willing to lend more if they expect a growth in houses ...
... alternate explanations for the observed results such as a shock to the expected income growth or the house price growth. The demand for housing may increase if borrowers expect a future growth in income. On the other hand, lenders might be more willing to lend more if they expect a growth in houses ...
Credit Access and Social Welfare in France and America
... Among the advanced industrialized countries, France and the United States represent nearly opposite poles in consumer credit use. Americans have been heavy users of consumer credit since the interwar period; the French have relied relatively little on consumer credit. In 1955, non-mortgage consumer ...
... Among the advanced industrialized countries, France and the United States represent nearly opposite poles in consumer credit use. Americans have been heavy users of consumer credit since the interwar period; the French have relied relatively little on consumer credit. In 1955, non-mortgage consumer ...
Comparing patterns of default among prime and subprime mortgages
... First, the performance of both prime and subprime mortgages has gotten substantially worse, with loans made in 2006 and 2007 defaulting at much higher rates. The default experience among prime loans made in 2004 and 2005 is very similar, but for subprime loans, default rates are higher for loans mad ...
... First, the performance of both prime and subprime mortgages has gotten substantially worse, with loans made in 2006 and 2007 defaulting at much higher rates. The default experience among prime loans made in 2004 and 2005 is very similar, but for subprime loans, default rates are higher for loans mad ...
Effects of the Simultaneous Holding of Equity and Debt by Non
... to lend to firms after favorable stock returns. Next, we demonstrate that syndicated loans with non-commercial banking institutional dual holders are associated with lower loan yield spreads (by 18 to 32 bps) as compared to other loans funded by the same group of lenders who are not shareholders of ...
... to lend to firms after favorable stock returns. Next, we demonstrate that syndicated loans with non-commercial banking institutional dual holders are associated with lower loan yield spreads (by 18 to 32 bps) as compared to other loans funded by the same group of lenders who are not shareholders of ...
Staff Working Paper No. 594: Non-performing
... voiced about pre-crisis accounting standards for provisions6 is that they operated on an incurred loss model. This meant that impairment was only recognised when a loss event occurred. Such a model is by design reactive and backward-looking. Indeed some critics have argued that it fuelled pro-cycli ...
... voiced about pre-crisis accounting standards for provisions6 is that they operated on an incurred loss model. This meant that impairment was only recognised when a loss event occurred. Such a model is by design reactive and backward-looking. Indeed some critics have argued that it fuelled pro-cycli ...
Microfinance Consensus Guidelines: Definitions of Selected
... core microfinance operations, such as revenue from business development services, training, or the sale of merchandise. Donations and revenues from grants may also be considered non-operating revenue, but it is recommended that they be included in their own account. It is strongly recommended that M ...
... core microfinance operations, such as revenue from business development services, training, or the sale of merchandise. Donations and revenues from grants may also be considered non-operating revenue, but it is recommended that they be included in their own account. It is strongly recommended that M ...
US CORNER - Paul, Weiss
... Successful workouts are the result of negotiations among borrowers and creditors. The issue of who participates in the workout process is significant because a workout takes time, focused effort and commitment from all the parties in order to be able to reach an agreement. If one constituency does n ...
... Successful workouts are the result of negotiations among borrowers and creditors. The issue of who participates in the workout process is significant because a workout takes time, focused effort and commitment from all the parties in order to be able to reach an agreement. If one constituency does n ...
A Critical Comparison of cash- and asset-based Microcredit
... technologies, see figure 1 in appendix, there remains concern regarding the affordability of these products for those below-poverty-line, defined by the World Bank (2015) as under USD$1.90 a day. This paper will provide a theoretical case for a shift in emphasis from traditional microcredit to a mo ...
... technologies, see figure 1 in appendix, there remains concern regarding the affordability of these products for those below-poverty-line, defined by the World Bank (2015) as under USD$1.90 a day. This paper will provide a theoretical case for a shift in emphasis from traditional microcredit to a mo ...
The Democratization of Credit and the Rise in Consumer Bankruptcies
... to either an intensive margin of low risk borrowers taking on more debt (e.g. Narajabad (2012), Sanchez (2012)) or a fall in the stigma of bankruptcy (Gross and Souleles 2002). Interestingly, our empirical exercise yields results for existing cardholders similar to those of Gross and Souleles (2002) ...
... to either an intensive margin of low risk borrowers taking on more debt (e.g. Narajabad (2012), Sanchez (2012)) or a fall in the stigma of bankruptcy (Gross and Souleles 2002). Interestingly, our empirical exercise yields results for existing cardholders similar to those of Gross and Souleles (2002) ...
An Analysis of the Uniform Consumer Credit Code
... the terms of the arrangements but also creditor practices in the offering, extension, and collection of credit. In effect, the Code integrates into one document virtually all consumer credit regulation and, most importantly, reduces legal impediments restricting competition by applying substantially ...
... the terms of the arrangements but also creditor practices in the offering, extension, and collection of credit. In effect, the Code integrates into one document virtually all consumer credit regulation and, most importantly, reduces legal impediments restricting competition by applying substantially ...
Payday loan
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, ""regardless of whether repayment of loans is linked to a borrower's payday."" The loans are also sometimes referred to as ""cash advances,"" though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Payday advance loans rely on the consumer having previous payroll and employment records. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday lenders, can charge. Some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders. In the United States, the rates of these loans were formerly restricted in most states by the Uniform Small Loan Laws (USLL), with 36%-40% APR generally the norm.There are many different ways to calculate annual percentage rate of a loan. Depending on which method is used, the rate calculated may differ dramatically. E.g., for a $15 charge on a $100 14-day payday loan, it could be (from the borrower's perspective) anywhere from 391% to 3733%.Although some have noted that these loans appear to carry substantial risk to the lender, it has recently been shown that these loans carry no more long term risk for the lender than other forms of credit. These studies seem to be confirmed by the SEC 10-K filings of at least one lender, who notes a charge-off rate of 3.2%.