H. R. 4110, FHA Single Family Loan Limit Adjustment Act Of 2004

H. R. 4110, FHA Single Family Loan Limit Adjustment Act Of 2004 PDF

Author: United States. Congress

Publisher: Createspace Independent Publishing Platform

Published: 2018-02-13

Total Pages: 132

ISBN-13: 9781985351127

DOWNLOAD EBOOK →

H.R. 4110, FHA Single Family Loan Limit Adjustment Act of 2004 : hearing before the Subcommittee on Housing and Community Opportunity of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eighth Congress, second session, July 16, 2004.

A Fistful of Dollars

A Fistful of Dollars PDF

Author: Mr.Thierry Tressel

Publisher: International Monetary Fund

Published: 2009-12-01

Total Pages: 72

ISBN-13: 1451874324

DOWNLOAD EBOOK →

Using detailed information on lobbying and mortgage lending activities, we find that lenders lobbying more on issues related to mortgage lending (i) had higher loan-to-income ratios, (ii) securitized more intensively, and (iii) had faster growing portfolios. Ex-post, delinquency rates are higher in areas where lobbyist' lending grew faster and they experienced negative abnormal stock returns during key crisis events. The findings are robust to (i) falsification tests using lobbying on issues unrelated to mortgage lending, (ii) a difference-in-difference approach based on state-level laws, and (iii) instrumental variables strategies. These results show that lobbying lenders engage in riskier lending.

Lanterna Rally - Theme by Grace Themes