The U.S. home mortgage industry first formalized risk criteria in the 1920s and 1930s to determine which applicants should receive funds. Over the past eighty years, these formulae have become more sophisticated. Guy Stuart demonstrates that the very concepts on which lenders base their decisions reflect a set of social and political values about "who deserves what." Stuart examines the fine line between licit choice and illicit discrimination, arguing that lenders, while eradicating blatantly discriminatory practices, have ignored the racial and economic-class biases that remain encoded in their decision processes. He explains why African Americans and Latinos continue to be at a disadvantage in gaining access to loans: discrimination, he finds, results from the interaction between the way lenders make decisions and the way they shape the social structure of the mortgage and housing markets.Mortgage lenders, Stuart contends, are embedded in and shape a social context that can best be understood in terms of rules, networks, and the production of space. Stuart's history of lenders' risk criteria reveals that they were synthesized from rules of thumb, cultural norms, and untested theories. In addition, his interviews with real estate and lending professionals in the Chicago housing market show us how the criteria are implemented today. Drawing on census and Home Mortgage Disclosure Act data for quantitative support, Stuart concludes with concrete policy proposals that take into account the social structure in which lenders make decisions.
Автор: Beccalli Название: Lending, Investments and the Financial Crisis ISBN: 1137531002 ISBN-13(EAN): 9781137531001 Издательство: Springer Рейтинг: Цена: 14673.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Lending, Investments and the Financial Crisis addresses the ways in which the strategies of institutional investors have been impacted by the global financial crisis.
Автор: Y. Altunbas; B. Gadanecz; A. Kara Название: Syndicated Loans ISBN: 1349545678 ISBN-13(EAN): 9781349545674 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book examines the development of the international syndicated credits market over the past three decades. Bringing together views of practitioners and academics it provides original answers to unexplored research questions. With extensive coverage and thought-provoking insights, the book is of value to students, practitioners and academics.
Автор: Andrew Fight Название: Syndicated Lending, ISBN: 0750659076 ISBN-13(EAN): 9780750659079 Издательство: Elsevier Science Рейтинг: Цена: 8246.00 р. Наличие на складе: Поставка под заказ.
Описание: Aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated Loan market. This book covers topics such as who the major players in the syndication loan market are, why syndication loans are used, syndication loan structures and documentation and secondary syndication loan market.
Название: Fintech, Small Business & the American Dream ISBN: 3030036197 ISBN-13(EAN): 9783030036195 Издательство: Springer Рейтинг: Цена: 4611.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Technology companies like Amazon, PayPal, and Square entered the market, and new possibilities for even more transformative products and services began to appear.In Fintech, Small Business & the American Dream, former U.S. Small Business Administrator and Senior Fellow at Harvard Business School, Karen G.
Описание: This book, first published in 1994, explores the important role that insider lending played in the economic development of early nineteenth-century New England. Ironically, when banks began to lend more and more of their funds at arm`s length, information problems forced them to restrict their activities to short-term commercial lending.
How a vast network of shadow credit financed European growth long before the advent of banking
Prevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of Europe managed to grow rich long before the diffusion of banks. Dark Matter Credit draws on centuries of cleverly collected loan data from France to reveal how credit abounded well before banks opened their doors. This incisive book shows how a vast system of shadow credit enabled nearly a third of French families to borrow in 1740, and by 1840 funded as much mortgage debt as the American banking system of the 1950s.
Dark Matter Credit traces how this extensive private network outcompeted banks and thrived prior to World War I--not just in France but in Britain, Germany, and the United States--until killed off by government intervention after 1918. Overturning common assumptions about banks and economic growth, the book paints a revealing picture of an until-now hidden market of thousands of peer-to-peer loans made possible by a network of brokers who matched lenders with borrowers and certified the borrowers' creditworthiness.
A major work of scholarship, Dark Matter Credit challenges widespread misperceptions about French economic history, such as the notion that banks proliferated slowly, and the idea that financial innovation was hobbled by French law. By documenting how intermediaries in the shadow credit market devised effective financial instruments, this compelling book provides new insights into how countries can develop and thrive today.
Описание: This book analyses the connections between the banking industry in Europe and the companies it finances. Chapters discuss the role of bank lending in firms` financing during the recent financial crisis, as well as issues in credit risk management.
Автор: Brener, Alan Название: Housing and Financial Stability ISBN: 103223895X ISBN-13(EAN): 9781032238951 Издательство: Taylor&Francis Рейтинг: Цена: 6430.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: "This book brings together politics, law, financial services regulation, economics and housing policy in the analysis of mortgage lending and macroprudential policy in the UK and US.
Автор: Tadanori Yosano; Takayoshi Nakaoka Название: Utilization of Soft Information on Bank Performance ISBN: 9811384711 ISBN-13(EAN): 9789811384714 Издательство: Springer Рейтинг: Цена: 6986.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book explores the effects of soft information utilization in the decision process for lenders, especially concerning small and medium-sized enterprises (SMEs) in regional markets. This study is one of the first to use questionnaire survey data from lender representatives, and analyzes the relationship between the financial metrics of a lender’s performance and soft information factors in inter-bank competition. The authors’ empirical results suggest that utilizing soft information allows banks to attain a more precise lending decision.The Financial Services Agency in Japan introduced an action program in 2003 that requires regional banks to shift from transaction banking to relationship lending. Against that background, this book examines the influence of relationship lending on a lender’s performance. This study found that relationship lending allows lenders to charge a higher premium to counteract the high risk involved with SMEs. The book also examines how relationship lending affects lending performance in inter-bank competition. The conclusion is that, even though inter-bank competition has negative effects, a bank in a competitive local market can acquire an informational advantage to limit its own loss.This book categorizes three soft information factors: organizational systems, networks or alliances/partnerships, and business/management leadership based on survey data. The authors’ findings suggest that information production, especially network and business/leadership information, plays an essential role in promoting a bank’s profitability. These effects are strong even when banks face high inter-bank competition. Relationship lending not only improves bankers’ lending techniques, but also fosters and enhances their community knowledge and enables them to survive in a highly competitive market.
Автор: Yhip, Terence M. Alagheband, Bijan M. D. Название: Practice of lending ISBN: 3030321967 ISBN-13(EAN): 9783030321963 Издательство: Springer Рейтинг: Цена: 6567.00 р. Наличие на складе: Поставка под заказ.
Описание: Credit risk analysis looks at many risks and this book covers all the critical areas that credit professionals need to know, including country analysis, industry analysis, financial analysis, business analysis, and management analysis.
Автор: Durkin Thomas A., Elliehausen Gregory Название: Truth in Lending: Theory, History, and a Way Forward ISBN: 0195172957 ISBN-13(EAN): 9780195172959 Издательство: Oxford Academ Рейтинг: Цена: 34945.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book examines the economic, psychological, sociological, historical, and legal traditions behind the demand for financial disclosures like Truth in Lending as consumer protections, how they have evolved into what they have become today, and how they might be reformed and improved.
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