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... Leasing decision, the court noted that in appropriate circumstances, a lease transaction may constitute a loan of money secured by the property leased. Id. at 1380. The court reasoned that because secured lending and personal property leasing are functionally interchangeable, personal property leasi ...
... Leasing decision, the court noted that in appropriate circumstances, a lease transaction may constitute a loan of money secured by the property leased. Id. at 1380. The court reasoned that because secured lending and personal property leasing are functionally interchangeable, personal property leasi ...
A Causal Framework for Credit Default Theory
... corporate financial conditions, leading to possible credit defaults. Most existing theories1 of credit default do not meet this causal requirement. The purpose of this paper is to set down a framework from which causal credit default theories can be developed through a new structure for incorporatin ...
... corporate financial conditions, leading to possible credit defaults. Most existing theories1 of credit default do not meet this causal requirement. The purpose of this paper is to set down a framework from which causal credit default theories can be developed through a new structure for incorporatin ...
A Causal Framework for Credit Default Theory
... corporate financial conditions, leading to possible credit defaults. Most existing theories1 of credit default do not meet this causal requirement. The purpose of this paper is to set down a framework from which causal credit default theories can be developed through a new structure for incorporatin ...
... corporate financial conditions, leading to possible credit defaults. Most existing theories1 of credit default do not meet this causal requirement. The purpose of this paper is to set down a framework from which causal credit default theories can be developed through a new structure for incorporatin ...
Global safe assets - Bank for International Settlements
... consider here are of the ‘rational’ kind. A good argument can be made that departures from fundamental valuation may not simply reflect rational behavior, but also cognitive biases, institutional constraints, and limits to arbitrage. That we do not consider these here does not mean these things are ...
... consider here are of the ‘rational’ kind. A good argument can be made that departures from fundamental valuation may not simply reflect rational behavior, but also cognitive biases, institutional constraints, and limits to arbitrage. That we do not consider these here does not mean these things are ...
Business Transformation: Promising Practices for
... latter approach, housing providers generate and invest their self-generated capital. In examining this concept of hybridity in social organizations, Blessing (2012) cites research that identifies the more recent transition of not-for-profit housing providers as social entrepreneurs, and an important ...
... latter approach, housing providers generate and invest their self-generated capital. In examining this concept of hybridity in social organizations, Blessing (2012) cites research that identifies the more recent transition of not-for-profit housing providers as social entrepreneurs, and an important ...
Market Liquidity after the Financial Crisis
... News, January 24, 2016; “Liquidity Crunch Elevates Bond Traders,” Financial Times, March 20, 2016; “U.S. Treasury Sees Bond Liquidity, But Not as We Know It,” Bloomberg News, July 7, 2016. ...
... News, January 24, 2016; “Liquidity Crunch Elevates Bond Traders,” Financial Times, March 20, 2016; “U.S. Treasury Sees Bond Liquidity, But Not as We Know It,” Bloomberg News, July 7, 2016. ...
Pre-Sale Fitch - The Paragon Group of Companies
... of 125% of the mortgage payment calculated on an interest-only basis, at either the product rate, or a reference rate of 5%, whichever is the higher. The rental income for all other property types must be a minimum rental income of 130% of the mortgage payment calculated on an interestonly basis, at ...
... of 125% of the mortgage payment calculated on an interest-only basis, at either the product rate, or a reference rate of 5%, whichever is the higher. The rental income for all other property types must be a minimum rental income of 130% of the mortgage payment calculated on an interestonly basis, at ...
Foreclosures, House Prices, and the Real Economy
... listings of new houses for sale, and the higher foreclosure propensity persists until 2010. Thus, differences in state laws are associated with a large increase in foreclosure rates that translates into greater housing supply on the market. The strong correlation between state foreclosure laws and f ...
... listings of new houses for sale, and the higher foreclosure propensity persists until 2010. Thus, differences in state laws are associated with a large increase in foreclosure rates that translates into greater housing supply on the market. The strong correlation between state foreclosure laws and f ...
Credit Risk
... changes in debt value caused by changes in obligor credit quality. Changes in value caused not only by possible default events, but also by upgrades and downgrades in credit quality are included. The value-at-risk (VaR) - the volatility of value, not just the expected losses, is assessed. ...
... changes in debt value caused by changes in obligor credit quality. Changes in value caused not only by possible default events, but also by upgrades and downgrades in credit quality are included. The value-at-risk (VaR) - the volatility of value, not just the expected losses, is assessed. ...
Statement of Financial Condition
... Cash and cash equivalents are defined as highly liquid investments, with an original maturity of three months or less when purchased. At June 30, 2016, the Company had cash equivalents of $9,656 in demand deposit accounts at cost, which approximates fair value. Financial Instruments Financial instru ...
... Cash and cash equivalents are defined as highly liquid investments, with an original maturity of three months or less when purchased. At June 30, 2016, the Company had cash equivalents of $9,656 in demand deposit accounts at cost, which approximates fair value. Financial Instruments Financial instru ...
Three essays on risk management and financial stability
... presents a financial scoring model estimated on Czech corporate accounting data. Seven financial indicators capable of explaining business failure at a 1-year prediction horizon are identified. Using the model estimated in this way, an aggregate indicator of the creditworthiness of the Czech corpora ...
... presents a financial scoring model estimated on Czech corporate accounting data. Seven financial indicators capable of explaining business failure at a 1-year prediction horizon are identified. Using the model estimated in this way, an aggregate indicator of the creditworthiness of the Czech corpora ...
The Dynamics of the Formal Urban Land market in South Africa
... invested significantly and in a variety of ways in increasing supply and overcoming the affordability and access gap. Given the scale of the backlog, direct subsidisation of poor people’s access to housing will remain a continuing core function of the state for the foreseeable future. Our analysis s ...
... invested significantly and in a variety of ways in increasing supply and overcoming the affordability and access gap. Given the scale of the backlog, direct subsidisation of poor people’s access to housing will remain a continuing core function of the state for the foreseeable future. Our analysis s ...
Power struggles: Explaining deregulatory reforms
... reforms nationally? I conclude that the data are more consistent with the former interpretation than with the latter. The preceding arguments leave one important issue to be reconciled, however: recent regulatory decisions regarding the costs of assets left "stranded" by regulatory policy shifts. Wi ...
... reforms nationally? I conclude that the data are more consistent with the former interpretation than with the latter. The preceding arguments leave one important issue to be reconciled, however: recent regulatory decisions regarding the costs of assets left "stranded" by regulatory policy shifts. Wi ...
3 forms of prices surveillance
... consumers that some safeguards are still in place. Moreover, the productivity gains are predictable and large during the transition period, so regulators are more likely to set a demanding price cap. Once such transitions are over — and in other circumstances, including multiple firm markets — it is ...
... consumers that some safeguards are still in place. Moreover, the productivity gains are predictable and large during the transition period, so regulators are more likely to set a demanding price cap. Once such transitions are over — and in other circumstances, including multiple firm markets — it is ...
203k select - Primary Residential Mortgage
... Pursuant to HUD’s Mortgage Letter 1995-40, the HUD Consultant must be able to prepare the Work Write-Up and cost estimate independently of the contractor’s bid. If the bid comes in lower than the Work Write Up, the loan will be underwritten and the repair escrow account will be established using the ...
... Pursuant to HUD’s Mortgage Letter 1995-40, the HUD Consultant must be able to prepare the Work Write-Up and cost estimate independently of the contractor’s bid. If the bid comes in lower than the Work Write Up, the loan will be underwritten and the repair escrow account will be established using the ...
Research on Using Requirement Factor Model Method to Ascertain
... real estate was realty and easiness attachment, keeping and realize whereas price only rose and not drop the bank believed such loan risk no room to swing a cat in and sometimes over optimistic estimated pawn value under profit driving and it strengthened financing ability of putting money into real ...
... real estate was realty and easiness attachment, keeping and realize whereas price only rose and not drop the bank believed such loan risk no room to swing a cat in and sometimes over optimistic estimated pawn value under profit driving and it strengthened financing ability of putting money into real ...
United States housing bubble
The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—the primary cause of the 2007–2009 recession in the United States.Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble ""the most significant risk to our economy.""Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but the nation's mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, and foreign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts.In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the U.S. housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration. On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the United States Constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.