TY - JOUR AU - Hoagland, H. E. T1 - GOVERNMENT AND THE CHANGING MORTGAGE STRUCTURE. JO - American Economic Review JF - American Economic Review Y1 - 1936/06// VL - 26 IS - 2 M3 - Article SP - 225 PB - American Economic Association SN - 00028282 AB - Government is defined as that degree of co-operative concern for the entire public which is expressed at any given time by the actions of its chosen leaders in the administration of its affairs. This assumes, of course, democratic organization of governmental affairs. By this definition it is possible to visualize a public institutionalism which in its effects may be the antithesis of private institutionalism. On the other hand, there is no necessary conflict between the two. In theory at least, public institutionalism is intended to create benefits for the larger group which we designate by the somewhat indefinite term society. In practice co-operation is expressed in governmental activity as results often in benefits to the members of pressure groups. These benefits are even likely to be more nearly in proportion to the articulateness of such groups than to their size or importance. Another way in which participation of government in mortgage financing operations is brought about produces offensive rather than defensive programs. In this instance, the stimulus of government activity is not a group but an economic condition, often an emergency. Private institutionalism becomes unable to fulfill an essential economic function, such as that of maintaining the mortgage market. KW - BUSINESS enterprises KW - MORTGAGES KW - POLITICAL action committees KW - ECONOMIC history KW - HOME ownership KW - FINANCE KW - UNITED States -- Politics & government KW - SOCIAL control KW - PRESSURE groups KW - UNITED States N1 - Accession Number: 8684846; Hoagland, H. E. 1; Affiliations: 1: Federal Home Loan Bank Board, Washington, D.C.; Issue Info: Jun36, Vol. 26 Issue 2, p225; Thesaurus Term: BUSINESS enterprises; Thesaurus Term: MORTGAGES; Thesaurus Term: POLITICAL action committees; Thesaurus Term: ECONOMIC history; Thesaurus Term: HOME ownership; Thesaurus Term: FINANCE; Subject Term: UNITED States -- Politics & government; Subject Term: SOCIAL control; Subject Term: PRESSURE groups; Subject: UNITED States; NAICS/Industry Codes: 526913 Mortgage funds; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 813940 Political Organizations; NAICS/Industry Codes: 813319 Other Social Advocacy Organizations; NAICS/Industry Codes: 813312 Environment, Conservation and Wildlife Organizations; NAICS/Industry Codes: 813311 Human Rights Organizations; NAICS/Industry Codes: 813310 Social advocacy organizations; Number of Pages: 10p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=8684846&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Husband, William H. T1 - INTEREST RATES FOR HOME FINANCING. JO - American Economic Review JF - American Economic Review Y1 - 1940/06// VL - 30 IS - 2 M3 - Article SP - 272 PB - American Economic Association SN - 00028282 AB - Prior to the present decade, the deficiencies of the financial system gave rise to uneconomical lending terms and to excessive rates of interest on home loans. The pronounced and continued upward sweep of the secular trend during the twenties deferred the inevitable consequences, but the ensuing crisis brought the shortcomings into sharp focus. The repercussions were national in scope and set into action various measures of reform to give relief to home owners. This paper presents a summary of the activities of the Federal Home Loan Bank System, the Home Owners' Loan Corporation, the Federal Savings and Loan System, and the Federal Housing Administration. The influence of these agencies on interest rates is discussed, followed by an analysis of the justification of the existing rate level. It is shown that present rates are no longer the result of free market activity but are governed primarily by the rate established on FHA insured loans. There is now some question of the adequacy of rates to cover the attending costs of home-financing institutions. [ABSTRACT FROM AUTHOR] AB - Copyright of American Economic Review is the property of American Economic Association and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - INTEREST rates KW - HOUSING -- Finance KW - LOANS KW - INVESTMENT interest KW - ECONOMIC indicators KW - FEDERAL Reserve banks KW - UNITED States N1 - Accession Number: 8698611; Husband, William H. 1; Affiliations: 1: Federal Home Loan Bank Board Washington, D.C.; Issue Info: Jun40, Vol. 30 Issue 2, p272; Thesaurus Term: INTEREST rates; Thesaurus Term: HOUSING -- Finance; Thesaurus Term: LOANS; Thesaurus Term: INVESTMENT interest; Thesaurus Term: ECONOMIC indicators; Thesaurus Term: FEDERAL Reserve banks; Subject: UNITED States; NAICS/Industry Codes: 521110 Monetary Authorities-Central Bank; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 522291 Consumer Lending; Number of Pages: 13p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=8698611&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Schwartz, Harry S. T1 - The Postwar Residential Mortgage Market (Book). JO - American Economic Review JF - American Economic Review Y1 - 1962/06// VL - 52 IS - 3 M3 - Book Review SP - 597 PB - American Economic Association SN - 00028282 AB - Reviews the book "The Postwar Residential Mortgage Market," by Saul B. Klaman. KW - FINANCE KW - MORTGAGES KW - NONFICTION KW - KLAMAN, Saul KW - KLAMAN, Saul B. KW - POSTWAR Residential Mortgage Market, The (Book) N1 - Accession Number: 8746869; Schwartz, Harry S. 1; Affiliations: 1: Federal Home Loan Bank Board, Washington, D.C.; Issue Info: Jun62, Vol. 52 Issue 3, p597; Thesaurus Term: FINANCE; Thesaurus Term: MORTGAGES; Subject Term: NONFICTION; Reviews & Products: POSTWAR Residential Mortgage Market, The (Book); NAICS/Industry Codes: 526913 Mortgage funds; NAICS/Industry Codes: 522292 Real Estate Credit; People: KLAMAN, Saul; People: KLAMAN, Saul B.; Number of Pages: 3p; Document Type: Book Review UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=8746869&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - SCHWARTZ, HARRY S. T1 - DISCUSSION. JO - Journal of Finance JF - Journal of Finance Y1 - 1964/05//May64 (Part 1) VL - 19 IS - 2 M3 - Article SP - 331 EP - 333 PB - Wiley-Blackwell SN - 00221082 AB - The article presents a critique of a study by Edward E. Edwards called "Changing Character of the Real Estate Mortgage Markets" that appears in this issue. Edwards, in his article, implies that mortgage funds are in short supply, which would impact liquidity and capital adequacy that would force savings and loan associations to leave the mortgage market. The author feels that Edwards does not prove that there is such a shortage and does not consider factors like mortgage rates or terms. The author also addresses Edwards' comments about capital requirements and says that his statement that the U.S. Federal Home Loan Bank Board restricting growth rates in capital shortage areas is erroneous. KW - MORTGAGES KW - CAPITAL market KW - MORTGAGE loans KW - FINANCIAL institutions KW - CAPITAL requirements KW - GROWTH rate KW - EQUILIBRIUM (Economics) KW - SCARCITY KW - MONEY market KW - MORTGAGE rates KW - ECONOMIC aspects KW - UNITED States KW - UNITED States. Federal Home Loan Bank Board KW - EDWARDS, Edward E. N1 - Accession Number: 28055308; SCHWARTZ, HARRY S. 1; Affiliations: 1: Federal Home Loan Bank Board.; Issue Info: May64 (Part 1), Vol. 19 Issue 2, p331; Thesaurus Term: MORTGAGES; Thesaurus Term: CAPITAL market; Thesaurus Term: MORTGAGE loans; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: CAPITAL requirements; Thesaurus Term: GROWTH rate; Thesaurus Term: EQUILIBRIUM (Economics); Thesaurus Term: SCARCITY; Thesaurus Term: MONEY market; Thesaurus Term: MORTGAGE rates; Subject Term: ECONOMIC aspects; Subject: UNITED States ; Company/Entity: UNITED States. Federal Home Loan Bank Board; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 523210 Securities and Commodity Exchanges; NAICS/Industry Codes: 522292 Real Estate Credit; People: EDWARDS, Edward E.; Number of Pages: 3p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=28055308&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Stuart, Walter J. T1 - COMPUTER EDITING OF SURVEY DATA--FIVE YEARS OF EXPERIENCE IN BLS MANPOWER SURVEYS. JO - Journal of the American Statistical Association JF - Journal of the American Statistical Association Y1 - 1966/06//Jun66 Part 1 VL - 61 IS - 314 M3 - Article SP - 375 SN - 01621459 AB - Abstract A review of some of the steps the Bureau of Labor Statistics has taken to integrate the computer with its schedule screening processes is presented. The underlying principles which were used are explained and examples of their modifications in practice are analyzed. The author gives some suggestions for the future as derived from these attempts at automated quality control. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of the American Statistical Association is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - WORKING class -- Statistics KW - MANPOWER KW - PRODUCTION scheduling KW - ELECTRONIC data processing KW - QUALITY control KW - SAMPLING (Statistics) KW - MATHEMATICAL statistics KW - SURVEYS KW - UNITED States. Bureau of Labor Statistics N1 - Accession Number: 4607725; Stuart, Walter J. 1; Affiliations: 1: Director, Operating Analysis Division, Federal Home Loan Bank Board.; Issue Info: Jun66 Part 1, Vol. 61 Issue 314, p375; Thesaurus Term: WORKING class -- Statistics; Thesaurus Term: MANPOWER; Thesaurus Term: PRODUCTION scheduling; Thesaurus Term: ELECTRONIC data processing; Thesaurus Term: QUALITY control; Thesaurus Term: SAMPLING (Statistics); Thesaurus Term: MATHEMATICAL statistics; Subject Term: SURVEYS ; Company/Entity: UNITED States. Bureau of Labor Statistics; NAICS/Industry Codes: 518210 Data Processing, Hosting, and Related Services; NAICS/Industry Codes: 541910 Marketing Research and Public Opinion Polling; NAICS/Industry Codes: 926110 Administration of General Economic Programs; Number of Pages: 9p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4607725&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - RICKS, R. BRUCE T1 - IMPUTED EQUITY RETURNS ON REAL ESTATE FINANCED WITH LIFE INSURANCE COMPANY LOANS. JO - Journal of Finance JF - Journal of Finance Y1 - 1969/12// VL - 24 IS - 5 M3 - Article SP - 921 EP - 937 PB - Wiley-Blackwell SN - 00221082 AB - This paper has added to the small body of data on rates of return on equity investment in real estate by combining data on insurance company loans over $100,000 with assumed values of parameters for the equity investor. The returns which result are computed before and after financing and before and after tax. The purpose of this paper was to present the equity returns rather than to editorialize on the adequacy of the rates. In this regard the paper concludes with the reminder that the rates of return are hypothetical since they are based on assumptions and not on historical analysis of realized returns by actual investors. With this in mind, it is hoped that the return relationships will be of use in investment research and planning. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Finance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - RATE of return KW - REAL property KW - MORTGAGE loans KW - LIFE insurance companies KW - CAPITALISTS & financiers KW - COMMERCIAL real estate KW - LOANS KW - PORTFOLIO management (Investments) KW - FINANCIAL institutions KW - HIGH yield investments KW - EXPECTED returns KW - FINANCIAL performance N1 - Accession Number: 4657746; RICKS, R. BRUCE 1; Affiliations: 1: Chief Economist and Director of Office of Economic Research, Federal Home Loan Bank Board, Washington. D.C.; Issue Info: Dec1969, Vol. 24 Issue 5, p921; Thesaurus Term: RATE of return; Thesaurus Term: REAL property; Thesaurus Term: MORTGAGE loans; Thesaurus Term: LIFE insurance companies; Thesaurus Term: CAPITALISTS & financiers; Thesaurus Term: COMMERCIAL real estate; Thesaurus Term: LOANS; Thesaurus Term: PORTFOLIO management (Investments); Thesaurus Term: FINANCIAL institutions; Thesaurus Term: HIGH yield investments; Thesaurus Term: EXPECTED returns; Thesaurus Term: FINANCIAL performance; NAICS/Industry Codes: 531310 Real estate property managers; NAICS/Industry Codes: 531210 Offices of Real Estate Agents and Brokers; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 523920 Portfolio Management; NAICS/Industry Codes: 531190 Lessors of Other Real Estate Property; NAICS/Industry Codes: 524111 Direct individual life, health and medical insurance carriers; NAICS/Industry Codes: 524112 Direct group life, health and medical insurance carriers; NAICS/Industry Codes: 524113 Direct Life Insurance Carriers; Number of Pages: 17p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4657746&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Friedman, Harris C. T1 - REAL ESTATE INVESTMENT AND PORTFOLIO THEORY. JO - Journal of Financial & Quantitative Analysis JF - Journal of Financial & Quantitative Analysis Y1 - 1971/03// VL - 6 IS - 2 M3 - Article SP - 861 EP - 874 PB - Cambridge University Press SN - 00221090 AB - The article presents an investigation of mathematically selected real estate portfolios and their relationships with similarly selected common stock portfolios. Quantitative techniques developed to evaluate real estate investments on a per parcel basis are extended for application in portfolio frameworks. It is suggested that the models can be equally used for both common stock and real estate portfolio management. KW - INVESTMENTS -- Mathematical models KW - REAL estate investment KW - STOCKS (Finance) KW - INVESTMENT analysis KW - PORTFOLIO management (Investments) KW - FINANCIAL management KW - ASSET management KW - INVESTMENT policy N1 - Accession Number: 5722435; Friedman, Harris C. 1,2; Affiliations: 1: Lecturer, University of Maryland; 2: Assistant Director, Office of Economic, Research, Federal home Loan Bank Board; Issue Info: Mar1971, Vol. 6 Issue 2, p861; Thesaurus Term: INVESTMENTS -- Mathematical models; Thesaurus Term: REAL estate investment; Thesaurus Term: STOCKS (Finance); Thesaurus Term: INVESTMENT analysis; Thesaurus Term: PORTFOLIO management (Investments); Thesaurus Term: FINANCIAL management; Thesaurus Term: ASSET management; Thesaurus Term: INVESTMENT policy; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; NAICS/Industry Codes: 523920 Portfolio Management; NAICS/Industry Codes: 525990 Other Financial Vehicles; NAICS/Industry Codes: 531390 Other Activities Related to Real Estate; Number of Pages: 14p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5722435&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - RICKS, R. BRUCE T1 - DISCUSSION. JO - Journal of Finance JF - Journal of Finance Y1 - 1972/05// VL - 27 IS - 2 M3 - Article SP - 226 EP - 227 PB - Wiley-Blackwell SN - 00221082 AB - Professor Fair discusses his own model of the housing and mortgage markets which has the following special features: (a) both markets are integrated structurally in the model, (b) disequilibrium is allowed to occur in either or both markets, and (c) "disequilibrium in the mortgage market has an asymmetrical effect on the housing market." Fair then critiques ten previous models, based on the degree to which they incorporate these special features. He concludes that some had none of the features, some had the first, some the first and, to some degree, the second, but none had the third feature. Fair's disequilibrium proposition is based on the assumption that prices do not fluctuate rapidly enough to equate supply and demand, hence, giving rise to non-price rationing. In the mortgage market this takes the form primarily of credit rationing, with changes in the loan-to-value ratio also cited. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Finance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - HOUSING KW - EQUILIBRIUM (Economics) KW - HOUSING -- Finance KW - HOUSE construction KW - HOUSING market KW - MORTGAGE rates KW - SUPPLY & demand KW - MORTGAGE loans KW - RATIONING KW - UNITED States KW - FAIR, Ray C. KW - RICKS, R. Bruce N1 - Accession Number: 4660262; RICKS, R. BRUCE 1; Affiliations: 1: Office of Economic Research, Federal Home Loan Bank Board, Washington, D.C.; Issue Info: May72, Vol. 27 Issue 2, p226; Thesaurus Term: HOUSING; Thesaurus Term: EQUILIBRIUM (Economics); Thesaurus Term: HOUSING -- Finance; Thesaurus Term: HOUSE construction; Thesaurus Term: HOUSING market; Thesaurus Term: MORTGAGE rates; Thesaurus Term: SUPPLY & demand; Thesaurus Term: MORTGAGE loans; Thesaurus Term: RATIONING; Subject: UNITED States; NAICS/Industry Codes: 236110 Residential building construction; NAICS/Industry Codes: 236115 New Single-Family Housing Construction (except For-Sale Builders); NAICS/Industry Codes: 236117 New Housing For-Sale Builders; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 522292 Real Estate Credit; People: FAIR, Ray C.; People: RICKS, R. Bruce; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4660262&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Ricks, R. Bruce AU - Cassidy, Henry J. T1 - Housing and Monetary Policy/Housing and Monetary Policy. JO - Journal of Finance JF - Journal of Finance Y1 - 1972/09// VL - 27 IS - 4 M3 - Book Review SP - 970 EP - 972 PB - Wiley-Blackwell SN - 00221082 AB - Housing and Monetary Policy is a compendium of papers presented at the Boston Fed's monetary conference, October, 1970. Its format and quality are very similar to the AFA and the AEA Proceedings. The "sessions" are four: fiscal policy and housing, presented by Gardner Ackley, with James Duesenberry, David Ott, and Arnold Harberger as discussants; Regulation Q, with papers by Allan Meltzer, Robert Lindsay, and A. Marshall Puckett, with no discussion; government-sponsored intermediaries, by Harry Schwartz and Warren Smith, discussed by Henry Kaufman and Samuel Chase; and changing the asset-liability structure of savings and loan associations, by Irwin Friend, and by Paul Anderson and Robert Eisenmenger, discussed by Eli Shapiro. This book presents many sides of some of the primary fiscal, monetary, financial, and institutional issues of housing finance today. It suffers somewhat from the lack of continuity and integration of the issues: the issues appear and re-appear almost at random throughout the book. (An introductory summary of the conference, not included, would help.) The saving grace, however, is its overall brevity, consisting of just 139 small pages, so an astute reader can compare, e.g., the fiscal-monetary mix recommendations of Ackley and Anderson-Eisenmenger, or other pairs of positions, quickly. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Finance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - HOUSING KW - MONETARY policy KW - NONFICTION KW - FEDERAL Reserve Bank of Boston KW - HOUSING & Monetary Policy (Book) N1 - Accession Number: 4665373; Ricks, R. Bruce 1; Cassidy, Henry J. 1; Affiliations: 1: Federal Home Loan Bank Board.; Issue Info: Sep72, Vol. 27 Issue 4, p970; Thesaurus Term: HOUSING; Thesaurus Term: MONETARY policy; Subject Term: NONFICTION ; Company/Entity: FEDERAL Reserve Bank of Boston DUNS Number: 069263739; Reviews & Products: HOUSING & Monetary Policy (Book); NAICS/Industry Codes: 624229 Other Community Housing Services; Number of Pages: 3p; Document Type: Book Review UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4665373&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Swan, Craig T1 - HOUSING SUBSIDIES AND HOUSING STARTS. JO - American Real Estate & Urban Economics Association Journal JF - American Real Estate & Urban Economics Association Journal Y1 - 1973///Fall73 VL - 1 IS - 2 M3 - Article SP - 119 EP - 140 PB - Wiley-Blackwell SN - 0092914X AB - The article examines the impact of federal housing subsidy programs on housing starts in the United States. It is important to know the impact of housing subsidies on housing starts. In bad times it is often argued that housing subsidies should be increased to stabilize homebuilding and/or to stabilize general economic activity. In good times, it is argued that any reduction in subsidy programs will be catastrophic for homebuilding. Housing starts could conceivably be limited by the availability of labor and materials. It is assumed that this real supply function is never a constraint on the number of starts. Wages, material costs, and interest rates are assumed to determine construction costs independent of the number of starts. That is, given wages, material costs, and interest rates, the construction supply curve for housing starts is assumed to be horizontal. There is no implication that the demand for housing is not sensitive to construction costs, but it is likely that construction costs have most of their impact on the size and quality of units built rather than on the number of units. The studied model of housing starts uses the mortgage rate as the price variable that eventually equilibrates the demand and supply for housing starts. KW - HOUSING subsidies KW - HOUSING starts KW - ECONOMIC indicators KW - HOUSING -- Finance KW - HOUSING policy KW - UNITED States N1 - Accession Number: 5920425; Swan, Craig 1; Affiliations: 1: Brookings Economic Policy Fellow, Office of Economic Research, Federal Home Loan Bank Board.; Issue Info: Fall73, Vol. 1 Issue 2, p119; Thesaurus Term: HOUSING subsidies; Thesaurus Term: HOUSING starts; Thesaurus Term: ECONOMIC indicators; Thesaurus Term: HOUSING -- Finance; Subject Term: HOUSING policy; Subject: UNITED States; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 925110 Administration of Housing Programs; Number of Pages: 22p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5920425&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Handorf, William C. T1 - FLEXIBLE DEBT FINANCING. JO - Financial Management (1972) JF - Financial Management (1972) Y1 - 1974///Summer74 VL - 3 IS - 2 M3 - Article SP - 17 EP - 23 PB - Financial Management Association SN - 00463892 AB - Creativity in debt financing is required. This brief study examines one variable available in creditor financing previously largely ignored, namely, maturity. Even with cursory knowledge of interest rate term structure, management is able to effect present valued cost savings. In many cases a firm pays a high price for the flexibility of refunding a long-term issue. Straight issues of long-, short-and intermediate-term debt provide the necessary flexibility and capital market accessibility for a viable financial structure. [ABSTRACT FROM AUTHOR] AB - Copyright of Financial Management (1972) is the property of Financial Management Association and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - DEBT financing (Corporations) KW - DEBTOR & creditor KW - INTEREST rates KW - SAVING & investment KW - DEBT KW - CAPITAL market KW - CREATIVE ability N1 - Accession Number: 5030773; Handorf, William C. 1,2; Affiliations: 1: Financial analyst, Federal Home Loan Bank Board; 2: Member,University of Maryland; Issue Info: Summer74, Vol. 3 Issue 2, p17; Thesaurus Term: DEBT financing (Corporations); Thesaurus Term: DEBTOR & creditor; Thesaurus Term: INTEREST rates; Thesaurus Term: SAVING & investment; Thesaurus Term: DEBT; Thesaurus Term: CAPITAL market; Subject Term: CREATIVE ability; Number of Pages: 7p; Illustrations: 3 Charts, 1 Graph; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5030773&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Cassidy, Henry J. AU - McElhone, Josephine T1 - THE PRICING OF VARIABLE RATE MORTGAGES. JO - Financial Management (1972) JF - Financial Management (1972) Y1 - 1975///Winter75 VL - 4 IS - 4 M3 - Article SP - 37 EP - 45 PB - Financial Management Association SN - 00463892 AB - This article analyzes the potential pricing of the variable rate mortgage (VRM) proposed by the U.S. Federal Home Loan Bank Board in February 1975. It has been demonstrated that at times when interest rates and the VRM index are expected to rise, lenders should be willing to issue VRM at rates below those of fixed-rate mortgages (FRM). If rates are expected to fall cyclically and rise later, the relationship between the VRM and FRM rates is less certain. The VRM rate may exceed the FRM rate if refinancing is not contemplated or be equal to or possibly less than the FRM rate, if refinancing is likely. Because lenders cannot ignore the possibility of refinancing, this pattern of rate expectations would probably result in a VRM rate very near that on FRM. Overall, then, for a variety of expectations environments, we believe that the initial VRM rate will closely track the FRM rate, with a slight discount offered from time to time. For the individual savings and loans associations manager, we have outlined many considerations that must be taken into account before issuing VRM or modifying current policy. The mechanism of rate adjustment will usually be spelled out by legislation, but in some cases the savings and loans associations will have to select the index. KW - MORTGAGE rates KW - MORTGAGES KW - LOANS -- Law & legislation KW - LOANS KW - UNITED States. Federal Home Loan Bank Board N1 - Accession Number: 5028828; Cassidy, Henry J. 1,2; McElhone, Josephine 3; Affiliations: 1: Director of the General Research Division, Office of Economic Research, Federal Home Loan Bank Board; 2: Virginia Polytechnic Institute and State University, Reston Campus; 3: George Mason University, Fairfax, Virginia; Issue Info: Winter75, Vol. 4 Issue 4, p37; Thesaurus Term: MORTGAGE rates; Thesaurus Term: MORTGAGES; Thesaurus Term: LOANS -- Law & legislation; Thesaurus Term: LOANS ; Company/Entity: UNITED States. Federal Home Loan Bank Board; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 526913 Mortgage funds; Number of Pages: 9p; Illustrations: 3 Diagrams; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5028828&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Weinrobe, Maurice T1 - The Principles of Monetary Economics. JO - Journal of Finance JF - Journal of Finance Y1 - 1977/06// VL - 32 IS - 3 M3 - Book Review SP - 955 EP - 956 PB - Wiley-Blackwell SN - 00221082 AB - This book is a text, designed for the standard junior level course in money and banking. In its analytical sections it relies primarily on geometry with almost all algebra found in the appendices. The book is divided into three main parts: a set of chapters on the market for money balances, a set on money and macroeconomic activity (including the international economy), and a concluding section on monetary policy. There is a conscious attempt throughout to emphasize monetary economics (as opposed to the economics of banking and other financial institutions), and to stress the role of money in the determination of macro equilibrium. As a result, fewer topics are covered than in most comparable texts. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Finance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - ECONOMICS -- Study & teaching KW - NONFICTION KW - BOUGHTON, James M. KW - WICKER, Elmus R. KW - PRINCIPLES of Monetary Economics, The (Book) N1 - Accession Number: 4662200; Weinrobe, Maurice 1; Affiliations: 1: Federal Home Loan Bank Board and Clark University.; Issue Info: Jun77, Vol. 32 Issue 3, p955; Thesaurus Term: ECONOMICS -- Study & teaching; Subject Term: NONFICTION; Reviews & Products: PRINCIPLES of Monetary Economics, The (Book); People: BOUGHTON, James M.; People: WICKER, Elmus R.; Number of Pages: 2p; Document Type: Book Review UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4662200&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Rochester, David P. AU - Hadaway, Jr., Samuel C. T1 - FURTHER EVIDENCE ON SEASONAL ADJUSTMENT OF TIME SERIES DATA. JO - Journal of Financial & Quantitative Analysis JF - Journal of Financial & Quantitative Analysis Y1 - 1978/03// VL - 13 IS - 1 M3 - Article SP - 133 EP - 141 PB - Cambridge University Press SN - 00221090 AB - The article asserts that the X-11 program of the U.S. Bureau of the Census for seasonal adjustment overstates the incidence of seasonality in some forms of times series data. Previous research highlighting this problem is cited and reexamined, exploring the manifestation of seasonality in price data but not within holding period return (HPR). Additional tests are provided seeking to rationalize the inconsistency and suggests that erroneous econometric compounding can lead to distorted results. The implications of such flaws within different economic data analysis are also discussed. KW - SEASONAL variations (Economics) KW - STOCKS (Finance) -- Prices KW - HOLDING period KW - TIME series analysis KW - ECONOMETRICS KW - DISTRIBUTION (Probability theory) KW - INVESTMENTS -- Mathematical models KW - RESEARCH KW - ERRORS KW - LEAST squares KW - EVALUATION KW - UNITED States KW - UNITED States. Bureau of the Census KW - DOW Jones & Co. Inc. N1 - Accession Number: 4754860; Rochester, David P. 1; Hadaway, Jr., Samuel C. 2; Affiliations: 1: Office of Economic Research, Federal Home Loan Bank Board; 2: University of Alabama; Issue Info: Mar1978, Vol. 13 Issue 1, p133; Thesaurus Term: SEASONAL variations (Economics); Thesaurus Term: STOCKS (Finance) -- Prices; Thesaurus Term: HOLDING period; Thesaurus Term: TIME series analysis; Thesaurus Term: ECONOMETRICS; Thesaurus Term: DISTRIBUTION (Probability theory); Thesaurus Term: INVESTMENTS -- Mathematical models; Thesaurus Term: RESEARCH; Subject Term: ERRORS; Subject Term: LEAST squares; Subject Term: EVALUATION; Subject: UNITED States ; Company/Entity: UNITED States. Bureau of the Census ; Company/Entity: DOW Jones & Co. Inc. Ticker: DJ; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; Number of Pages: 9p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4754860&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Waring Jr., Dabney T. AU - Cassidy, Henry J. T1 - Determinants of Stop Time. JO - Transportation Journal (American Society of Transportation & Logistics Inc) JF - Transportation Journal (American Society of Transportation & Logistics Inc) Y1 - 1979///Fall79 VL - 19 IS - 1 M3 - Article SP - 50 EP - 61 PB - American Society of Transportation & Logistics Inc SN - 00411612 AB - The article examines the determinants of pickup and delivery stop time in the U.S. The analysis of the causal factors of pickup and delivery stop time have depended on either a limited number of observations of a single carrier or on the data gathered by the Interstate Commerce Commission as part of its periodic regional cost studies. In this study, the participating carriers were 29 volunteers of various sizes and regional locations, which collectively cover the 48 states. The purpose of the classification item number was to obtain an index of density. The analysis used herein was multiple regression analysis. This method, when suitably employed, permits the simultaneous analysis of several explanatory variables, avoids arbitrary allocations, and produces a measurement of statistical reliability. The conclusions are, the constant stop time per shipment represents a sizeable proportion of total stop time for shipments of average or smaller size, weight is the most significant factor determining the variable portion of stop time and the number of pieces and density are also significant determinants of stop time, and their inclusion in the allocation formulas may be warranted. KW - Transportation KW - Regression analysis KW - Methodology KW - Mathematical statistics KW - Analysis of variance KW - United States N1 - Accession Number: 7665933; Waring Jr., Dabney T. 1; Cassidy, Henry J. 2,3; Affiliations: 1: Director of Cost Research, Motor Common Carrier Associations, Washington, D.C.; 2: Adjunct Professor, Virginia Polytechnic Institute and State University Graduate Extension Program for Northern Virginia.; 3: Director of the General Research Division, Federal Home Loan Bank Board, Arlington.; Issue Info: Fall79, Vol. 19 Issue 1, p50; Thesaurus Term: Transportation; Subject Term: Regression analysis; Subject Term: Methodology; Subject Term: Mathematical statistics; Subject Term: Analysis of variance; Subject: United States; NAICS/Industry Codes: 488990 Other support activities for transportation; NAICS/Industry Codes: 488999 All Other Support Activities for Transportation; Number of Pages: 12p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=eih&AN=7665933&site=ehost-live&scope=site DP - EBSCOhost DB - eih ER - TY - JOUR AU - Marcis, Richard G. T1 - Overview. JO - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association JF - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association Y1 - 1980///Spring80 VL - 8 IS - 1 M3 - Article SP - 1 EP - 3 PB - Wiley-Blackwell SN - 02700484 AB - The article presents information about the March 1980 issue of "AREUEA Journal." It examines the changes that have taken place in the capital, housing and mortgage markets over the last ten years and assess the implications of these changes of mortgage-lending thrift institutions and the housing finance system. In the first article, David Seiders examines the major factors affecting mortgage and housing markets during the 1970s and assesses the effects of these developments on the cyclicality and growth of these markets. The role of the federal government in the residential mortgage market receives special attention in this analysis. KW - HOUSING -- Finance KW - HOUSING market KW - MORTGAGE loans KW - SAVING & investment KW - THRIFT institutions KW - BANKING industry KW - HOME ownership N1 - Accession Number: 5863033; Marcis, Richard G. 1; Affiliations: 1: Chief Economist, Federal Home Loan Bank Board.; Issue Info: Spring80, Vol. 8 Issue 1, p1; Thesaurus Term: HOUSING -- Finance; Thesaurus Term: HOUSING market; Thesaurus Term: MORTGAGE loans; Thesaurus Term: SAVING & investment; Thesaurus Term: THRIFT institutions; Thesaurus Term: BANKING industry; Thesaurus Term: HOME ownership; NAICS/Industry Codes: 522190 Other Depository Credit Intermediation; NAICS/Industry Codes: 522120 Savings Institutions; NAICS/Industry Codes: 522110 Commercial Banking; NAICS/Industry Codes: 522111 Personal and commercial banking industry; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 522292 Real Estate Credit; Number of Pages: 3p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5863033&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - King, A. Thomas T1 - Mortgage Lending, Social Responsibility, and Public Policy: Some Perspectives on HMDA and CRA. JO - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association JF - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association Y1 - 1980///Spring80 VL - 8 IS - 1 M3 - Article SP - 77 EP - 90 PB - Wiley-Blackwell SN - 02700484 AB - The paper sets out a simple model of the neighborhood housing market. With this as a frame of reference it reviews some of the concerns associated with redlining and relates these to evidence presented at the HMDA and CRA Hearings. Does this evidence support the claims that lenders were acting irresponsibly? What if anything can be concluded from such evidence about the alleged role of inadequate and discriminatory lending in causing urban decay? The HMDA was approved so that citizens would have access to data which would enable them to appraise the social responsibility shown by lenders; and the GPA, so that regulatory agencies would have a tool to encourage lenders to do better. How well do the Acts fulfill these intentions? [ABSTRACT FROM AUTHOR] AB - Copyright of AREUEA Journal: Journal of the American Real Estate & Urban Economics Association is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - HOUSING -- Finance KW - HOUSING market KW - RESIDENTIAL real estate KW - LOANS KW - SOCIAL responsibility of business KW - CAPITALISTS & financiers KW - ADMINISTRATION AND SOCIETY KW - URBAN ECONOMICS AND FINANCE N1 - Accession Number: 5863083; King, A. Thomas 1; Affiliations: 1: Federal Home Loan Bank Board.; Issue Info: Spring80, Vol. 8 Issue 1, p77; Thesaurus Term: HOUSING -- Finance; Thesaurus Term: HOUSING market; Thesaurus Term: RESIDENTIAL real estate; Thesaurus Term: LOANS; Thesaurus Term: SOCIAL responsibility of business; Thesaurus Term: CAPITALISTS & financiers; Author-Supplied Keyword: ADMINISTRATION AND SOCIETY; Author-Supplied Keyword: URBAN ECONOMICS AND FINANCE; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 531311 Residential Property Managers; NAICS/Industry Codes: 531110 Lessors of Residential Buildings and Dwellings; Number of Pages: 14p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5863083&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Marcis, Richard G. T1 - Implications of Financial Innovation and Reform for the Savings and Loan Industry. JO - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association JF - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association Y1 - 1980///Spring80 VL - 8 IS - 1 M3 - Article SP - 148 EP - 155 PB - Wiley-Blackwell SN - 02700484 AB - The article focuses on the implications of financial innovation and reform for the savings and loan (S&L) industry. There are several implications of an increased competition environment for S&L. First, it may be anticipated that S&Ls will become more dependent on money and capital markets as sources of funds in the future. Increased deposit costs that may be anticipated as a result of the phasing out of deposit rate controls are likely to alter the balance between the cost of savings deposits and the cost of non-traditional sources of funds. KW - SAVINGS & loan associations KW - CAPITAL market KW - FINANCIAL institutions KW - MONEY market KW - DEPOSIT accounts KW - COMPETITION N1 - Accession Number: 5863112; Marcis, Richard G. 1; Affiliations: 1: Chief Economist, Federal Home Loan Bank Board.; Issue Info: Spring80, Vol. 8 Issue 1, p148; Thesaurus Term: SAVINGS & loan associations; Thesaurus Term: CAPITAL market; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: MONEY market; Thesaurus Term: DEPOSIT accounts; Subject Term: COMPETITION; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 523210 Securities and Commodity Exchanges; NAICS/Industry Codes: 522120 Savings Institutions; Number of Pages: 8p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5863112&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Thompson Jr., A. Frank T1 - Immunization of Pension Funds and Sensitivity to Actuarial Assumptions: Comment. JO - Journal of Risk & Insurance JF - Journal of Risk & Insurance Y1 - 1981/03// VL - 48 IS - 1 M3 - Article SP - 148 EP - 153 PB - Wiley-Blackwell SN - 00224367 AB - Comments on the bond duration and the immunization of pension plans from market rate risk. Comparison between investment assets and fund liabilities; Analysis of market rate of return; Sample equations in fund management. KW - PENSIONS KW - PENSION trusts KW - ASSETS (Accounting) KW - CAPITAL investments KW - RATE of return KW - PORTFOLIO management (Investments) KW - BONDS (Finance) N1 - Accession Number: 5129028; Thompson Jr., A. Frank 1; Affiliations: 1: Financial Economist, Federal Home Loan Bank Board, Washington, D.C.; Issue Info: Mar81, Vol. 48 Issue 1, p148; Thesaurus Term: PENSIONS; Thesaurus Term: PENSION trusts; Thesaurus Term: ASSETS (Accounting); Thesaurus Term: CAPITAL investments; Thesaurus Term: RATE of return; Thesaurus Term: PORTFOLIO management (Investments); Thesaurus Term: BONDS (Finance); NAICS/Industry Codes: 526112 Non-trusteed pension funds; NAICS/Industry Codes: 526111 Trusteed pension funds; NAICS/Industry Codes: 525110 Pension Funds; NAICS/Industry Codes: 523920 Portfolio Management; Number of Pages: 6p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5129028&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Fullerton, Don AU - King, A. Thomas AU - Shoven, John B. AU - Whalley, John T1 - Corporate Tax Integration in the United States: A General Equilibrium Approach. JO - American Economic Review JF - American Economic Review Y1 - 1981/09// VL - 71 IS - 4 M3 - Article SP - 677 EP - 691 PB - American Economic Association SN - 00028282 AB - This article presents estimates of static and dynamic general equilibrium resource allocation effects for four alternative plans for corporate and personal income tax integration in the U.S. A corporate tax which operate separately from the personal income tax is widely acknowledged to lead to a number of problems. It creates double taxation of corporate income. The implementation of an integration plan results in changes in all relative prices in the economy due to the realignment of industry tax rates. There are two important aspects of corporate tax integration which our model does not directly consider, although we have made some efforts to examine the sensitivity of our findings to alternative assumptions on these issues. KW - CORPORATE taxes KW - INCOME tax KW - INCOME KW - PRICES KW - RESOURCE allocation KW - ECONOMICS KW - UNITED States N1 - Accession Number: 4502478; Fullerton, Don 1; King, A. Thomas 2; Shoven, John B. 3; Whalley, John 4; Affiliations: 1: Princeton University, Federal Home Loan Bank Board; 2: Stanford University; 3: National Bureau of Economics Research; 4: University of Western Ontario; Issue Info: Sep81, Vol. 71 Issue 4, p677; Thesaurus Term: CORPORATE taxes; Thesaurus Term: INCOME tax; Thesaurus Term: INCOME; Thesaurus Term: PRICES; Thesaurus Term: RESOURCE allocation; Thesaurus Term: ECONOMICS; Subject: UNITED States; Number of Pages: 15p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4502478&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - BOOK AU - Board of Governors of the Federal Reserve System, Washington, DC AU - Environmental Protection Agency, Washington, DC AU - Federal Home Loan Bank Board, Washington, DC AU - Federal National Mortgage Association, Washington, DC AU - Federal Trade Commission, Washington, DC AU - Office of Management and Budget, Washington, DC AU - President's Commission on Housing, Washington, DC AU - U.S. Department of Housing and Urban Development, Washington, DC T1 - Financing the Housing Needs of the 1980s: A Preliminary Report on Housing Finance JO - Financing the Housing Needs of the 1980s: A Preliminary Report on Housing Finance JF - Financing the Housing Needs of the 1980s: A Preliminary Report on Housing Finance Y1 - 1982/// AB - This report highlights the importance of housing finance and focuses on ways to provide a more reliable supply of residential mortgage credit over the long term. The environment for home financing has changed dramatically since the statutory framework for the system was established in the 1930's, and it is now evident that the rules governing the operation of housing finance institutions are no longer in the best interests of the Nation. Rapid inflation, high and fluctuating interest rates, and increased market competition have seriously weakened the system. Developments in financial markets in recent years clearly indicate that broader operating powers are essential to the health of thrift institutions and that special tax incentives designed to keep the assets of these institutions concentrated in residential mortgage instruments should be modified. The President's Commission on Housing offers its recommendations with a single goal in mind: the creation of a system that will provide a stable and growing supply of housing credit, at reasonable cost, with minimal Federal involvement. The recommendations deal with three areas: operating powers of depository institutions, tax incentives for mortgage investment, and laws and regulations that adversely affect the supply and cost of mortgage credit. In addition to recommendations, this report discusses the history and performance of the housing finance system, the operating powers of housing finance institutions, tax incentives for mortgage investors, and laws and regulations that discourage diversified private institutions from investing in residential mortgages to raise the cost of credit for mortgage borrowers. The final chapter considers the patterns of housing finance that are likely to evolve in the 1980's and indicates how the recommendations in the report can influence the process of change in ways that will lead to a stronger system. Tables and footnotes are included (Copyright applies to all Abstracts.) KW - Mortgage markets KW - Effects of government policies KW - Financial institutions KW - Mortgage interest rates KW - Inflation KW - Housing financing KW - Tax incentives N1 - Accession Number: MRB-FSD0350160; Board of Governors of the Federal Reserve System, Washington, DC; Environmental Protection Agency, Washington, DC; Federal Home Loan Bank Board, Washington, DC; Federal National Mortgage Association, Washington, DC; Federal Trade Commission, Washington, DC; Office of Management and Budget, Washington, DC; President's Commission on Housing, Washington, DC; U.S. Department of Housing and Urban Development, Washington, DC; Source Info: 63 pp.; 1982 ; Note: Availability: HUD USER, P.O. Box 6091, Rockville, MD 20850. UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=flh&AN=MRB-FSD0350160&site=ehost-live&scope=site DP - EBSCOhost DB - flh ER - TY - JOUR AU - Boehm, Thomas P. AU - McKenzie, Joseph A. T1 - Inflation, Taxes, and the Demand For Housing. JO - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association JF - AREUEA Journal: Journal of the American Real Estate & Urban Economics Association Y1 - 1982///Spring82 VL - 10 IS - 1 M3 - Article SP - 25 EP - 38 PB - Wiley-Blackwell SN - 02700484 AB - Inflation affects homeownership and housing adversely through the "real-payment tilt" of the conventional mortgage. Expectations of additional housing price appreciation, however, may induce households to invest in housing. This paper uses household data to estimate the demand for homeownership and housing, and it takes explicit notice of expectations of housing price appreciation. The remits indicate for each 1% increase in the inflation rate that the conditional probability of purchase falls by 3%. Interest rate effects outweigh appreciation and tax effects. Given the decision to purchase, housing appreciation expectations do not have large effects on the amount purchased. [ABSTRACT FROM AUTHOR] AB - Copyright of AREUEA Journal: Journal of the American Real Estate & Urban Economics Association is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - HOUSING KW - HOME ownership KW - INFLATION (Finance) KW - PROPERTY tax KW - TAXATION KW - PROPERTY KW - HOME prices KW - INVESTMENTS KW - DEMAND (Economic theory) KW - REAL estate business KW - HOUSING AND SOCIAL SERVICES N1 - Accession Number: 5860083; Boehm, Thomas P. 1; McKenzie, Joseph A. 2; Affiliations: 1: Department of Finance, University of Tennessee, Knoxville, Tennessee 37916; 2: Office of Policy and Economic Research, Federal Home Loan Bank Board, Washington, D.C, 20552; Issue Info: Spring82, Vol. 10 Issue 1, p25; Thesaurus Term: HOUSING; Thesaurus Term: HOME ownership; Thesaurus Term: INFLATION (Finance); Thesaurus Term: PROPERTY tax; Thesaurus Term: TAXATION; Thesaurus Term: PROPERTY; Thesaurus Term: HOME prices; Thesaurus Term: INVESTMENTS; Thesaurus Term: DEMAND (Economic theory); Thesaurus Term: REAL estate business; Author-Supplied Keyword: HOUSING AND SOCIAL SERVICES; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 531212 Offices of real estate brokers; NAICS/Industry Codes: 531210 Offices of Real Estate Agents and Brokers; NAICS/Industry Codes: 531390 Other Activities Related to Real Estate; NAICS/Industry Codes: 531110 Lessors of Residential Buildings and Dwellings; NAICS/Industry Codes: 921130 Public Finance Activities; Number of Pages: 14p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5860083&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Johnson, Ramon E. AU - Pratt, Richard T. AU - Stewart Jr., Samuel S. T1 - THE ECONOMIC CONSEQUENCES OF ESOPS. JO - Journal of Financial Research JF - Journal of Financial Research Y1 - 1982///Spring82 VL - 5 IS - 1 M3 - Article SP - 75 PB - Wiley-Blackwell SN - 02702592 AB - The purpose of this paper is to assess the economic consequences of Employee Stock Ownership Plans (ESOPs) by developing a general analytical model. The model is used to compare ESOPs with attempts to replicate the effects of ESOPs via alternative arrangements. The general conclusion of the paper is that in the absence of improved employee motivation, ESOP implementation has no particular economic consequence. However, an important exception to this finding may be the inexpensive access to the equity markets for the smaller, non-public firm provided by the ESOP. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Financial Research is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - EMPLOYEE ownership KW - EMPLOYEE motivation KW - STOCK ownership KW - PERSONNEL management KW - ECONOMICS KW - BUSINESS enterprises KW - ECONOMIC aspects N1 - Accession Number: 5378904; Johnson, Ramon E. 1; Pratt, Richard T. 2; Stewart Jr., Samuel S. 1; Affiliations: 1: University of Utah.; 2: Chairman, Federal Home Loan Bank Board.; Issue Info: Spring82, Vol. 5 Issue 1, p75; Thesaurus Term: EMPLOYEE ownership; Thesaurus Term: EMPLOYEE motivation; Thesaurus Term: STOCK ownership; Thesaurus Term: PERSONNEL management; Thesaurus Term: ECONOMICS; Thesaurus Term: BUSINESS enterprises; Subject Term: ECONOMIC aspects; NAICS/Industry Codes: 923130 Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs); NAICS/Industry Codes: 541612 Human Resources Consulting Services; Number of Pages: 9p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5378904&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - McKenzie, Joseph A. T1 - WHO HOLDS ALTERNATIVE MARKET-YIELD ACCOUNTS? JO - Journal of Financial Research JF - Journal of Financial Research Y1 - 1984///Summer84 VL - 7 IS - 2 M3 - Article SP - 175 PB - Wiley-Blackwell SN - 02702592 AB - This paper examines household liquid asset allocation for the period just prior to the introduction of the money market deposit account. This account, authorized in December 1982, allows depository institutions to offer the competitive equivalent of a money market mutual fund account. Estimates derived from a conditional logit model and data from a household financial services survey indicate that those most likely to have a money market mutual fund account are young, upper income college graduates. Older, non-metropolitan, and non- college-educated households have much stronger ties to depository institutions. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Financial Research is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - LIQUID assets KW - MARKET prices KW - MONEY market funds KW - SECURITIES markets KW - MUTUAL funds KW - INVESTMENTS KW - BANKING industry N1 - Accession Number: 5378483; McKenzie, Joseph A. 1; Affiliations: 1: Financial Economist, Office of Policy and Economic Research, Federal Home Loan Bank Board, Washington, D.C.; Issue Info: Summer84, Vol. 7 Issue 2, p175; Thesaurus Term: LIQUID assets; Thesaurus Term: MARKET prices; Thesaurus Term: MONEY market funds; Thesaurus Term: SECURITIES markets; Thesaurus Term: MUTUAL funds; Thesaurus Term: INVESTMENTS; Thesaurus Term: BANKING industry; NAICS/Industry Codes: 522120 Savings Institutions; NAICS/Industry Codes: 522190 Other Depository Credit Intermediation; NAICS/Industry Codes: 522110 Commercial Banking; NAICS/Industry Codes: 522111 Personal and commercial banking industry; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 525990 Other Financial Vehicles; NAICS/Industry Codes: 525910 Open-End Investment Funds; NAICS/Industry Codes: 526914 Money market funds; NAICS/Industry Codes: 522299 All other non-depository credit intermediation; NAICS/Industry Codes: 523920 Portfolio Management; NAICS/Industry Codes: 523990 All other financial investment activities; NAICS/Industry Codes: 523110 Investment Banking and Securities Dealing; NAICS/Industry Codes: 523210 Securities and Commodity Exchanges; Number of Pages: 9p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5378483&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Grayson, Leslie E. AU - Canaday, Henry AU - Dan Brumbaugh, R. AU - Sutherland, Timothy F. T1 - IMPLICATIONS FOR PETROLEUM REFINING AND MARKETING OF THE COMPETITION ON THE OUTER CONTINENTAL SHELF. JO - Policy Studies Journal JF - Policy Studies Journal Y1 - 1984/12// VL - 13 IS - 2 M3 - Article SP - 389 EP - 400 SN - 0190292X AB - Determines that the imminent entry of Outer Continental Shelf oil into the market will not affect pricing, since market prices in the United States are largely determined by foreign producers. KW - PETROLEUM industry KW - PRICES KW - PETROLEUM KW - ENERGY industries KW - CONTINENTAL shelf KW - UNITED States KW - ORGANIZATION of Petroleum Exporting Countries N1 - Accession Number: 11828920; Grayson, Leslie E. 1; Canaday, Henry 2; Dan Brumbaugh, R. 3; Sutherland, Timothy F. 4; Affiliations: 1 : University of Virginia.; 2 : Federal Energy Regulatory Commission.; 3 : Federal Home Loan Bank Board.; 4 : Cabot Consulting Group.; Source Info: Dec84, Vol. 13 Issue 2, p389; Historical Period: 1973 to 1983; Subject Term: PETROLEUM industry; Subject Term: PRICES; Subject Term: PETROLEUM; Subject Term: ENERGY industries; Subject Term: CONTINENTAL shelf; Subject: UNITED States; Number of Pages: 12p; Document Type: Article L3 - 10.1111/1541-0072.ep11828920 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ahl&AN=11828920&site=ehost-live&scope=site DP - EBSCOhost DB - ahl ER - TY - JOUR AU - Barth, James R. AU - Russek, Frank S. AU - Wang, George H. K. T1 - A Time Series Analysis of the Relationship between the Capital Stock and Federal Debt. JO - Journal of Money, Credit & Banking (Ohio State University Press) JF - Journal of Money, Credit & Banking (Ohio State University Press) Y1 - 1986/11// VL - 18 IS - 4 M3 - Article SP - 527 EP - 538 PB - Ohio State University Press SN - 00222879 AB - The article discusses the relationship between the capital stock and federal debt in the U.S. through the use of a time-series analysis. Particular focus is paid to the replication of the aggregate capital stock and the major disaggregated capital stock components through the use of a statistical methodology. Research on alternative statistical techniques which are applied to economic data is examined to determine whether the relationship between capital stock and the income ratio is negative. Also, the cyclically adjusted federal debt and income ratio are analyzed. KW - TIME series analysis KW - CAPITAL stock KW - DEBT KW - PUBLIC spending KW - STATISTICS KW - UNITED States N1 - Accession Number: 5164125; Barth, James R. 1; Russek, Frank S. 2; Wang, George H. K. 3,4; Affiliations: 1: Professor of economics, George Washington University; 2: Principal analyst, Congressional Budget Office; 3: Senior econometrician, Federal Home Loan Bank Board; 4: Adjunct faculty member, George Mason University; Issue Info: Nov86, Vol. 18 Issue 4, p527; Thesaurus Term: TIME series analysis; Thesaurus Term: CAPITAL stock; Thesaurus Term: DEBT; Thesaurus Term: PUBLIC spending; Thesaurus Term: STATISTICS; Subject: UNITED States; NAICS/Industry Codes: 921130 Public Finance Activities; Number of Pages: 12p; Illustrations: 6 Charts; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5164125&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - James R. Barth AU - R. Dan Brumbaugh Jr.; James R. Barth is professor of economics at the George Washington University. R. Dan Brumbaugh Jr. was deputy chief economist at the Federal Home Loan Bank Board. T1 - JO - New York Times JF - New York Times J1 - New York Times PY - 1987/07/22/ Y1 - 1987/07/22/ M3 - Article SP - 27 SN - 03624331 N1 - Accession Number: 30862008; Source Information: 7/22/1987, p27; Number of Pages: 0p; ; Document Type: Article; ; Full Text Word Count: 791; UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=n5h&AN=30862008&site=ehost-live&scope=site DP - EBSCOhost DB - n5h ER - TY - JOUR AU - White, Lawrence J. T1 - Antitrust and Merger Policy: A Review and Critique. JO - Journal of Economic Perspectives JF - Journal of Economic Perspectives Y1 - 1987///Fall87 VL - 1 IS - 2 M3 - Article SP - 13 EP - 22 SN - 08953309 AB - Analyzes the Department of Justice corporate merger guidelines issued in 1982. The author helped formulate the guidelines. KW - CONSOLIDATION & merger of corporations KW - TRADE regulation KW - ANTITRUST law KW - MONOPOLY capitalism KW - JUSTICE ministers KW - CRIMINAL justice agencies KW - EXECUTIVE departments KW - GOVERNMENT regulation KW - CORPORATIONS KW - UNITED States KW - UNITED States. Dept. of Justice N1 - Accession Number: 4432120; White, Lawrence J. 1,2; Affiliations: 1 : Board Member, Federal Home Loan Bank Board; 2 : Professor of Economics, New York University; Source Info: Fall87, Vol. 1 Issue 2, p13; Historical Period: 1981 to 1987; Subject Term: CONSOLIDATION & merger of corporations; Subject Term: TRADE regulation; Subject Term: ANTITRUST law; Subject Term: MONOPOLY capitalism; Subject Term: JUSTICE ministers; Subject Term: CRIMINAL justice agencies; Subject Term: EXECUTIVE departments; Subject Term: GOVERNMENT regulation; Subject Term: CORPORATIONS; Subject: UNITED States; Number of Pages: 10p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ahl&AN=4432120&site=ehost-live&scope=site DP - EBSCOhost DB - ahl ER - TY - CHAP AU - Wall, M. Danny AD - Federal Home Loan Bank Board A2 - Federal Home Loan Bank of San Francisco. T1 - Toward a Healthy, Competitive Thrift Industry T2 - Expanded competitive markets and the thrift industry: Proceedings of the Thirteenth Annual Conference, December 10-11, 1987, San Francisco, California PB - San Francisco: PB - Author Y1 - 1988/// SP - 5 EP - 14 N1 - Accession Number: 0032269; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199112 KW - Financial Intermediaries 3140 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0032269&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Golding, Edward AU - Zalokar, Nadja AD - Federal Home Loan Bank Board AD - US Commission on Civil Rights A2 - Brown, Eleanor T1 - Unisex Insurance T2 - Readings, issues, and questions in public finance PB - Irwin Series in Economics PB - Homewood, Ill.: PB - Irwin Y1 - 1988/// SP - 85 EP - 92 N1 - Accession Number: 0030878; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199112 KW - Industry Studies--Services--Insurance 6356 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0030878&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - White, Lawrence J. AD - Federal Home Loan Bank Board A2 - Zerbe, Richard O., Jr. T1 - Litigation and Economic Incentives T2 - Research in law and economics. Volume 11 PB - Greenwich, Conn. and London: PB - JAI Press Y1 - 1988/// SP - 73 EP - 90 N1 - Accession Number: 0037425; Publication Type: Collective Volume Article; Update Code: 199112 KW - Economics of Law and Crime 9160 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0037425&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Nelson, Julianne AU - Ronen, Joshua AU - White, Lawrence T1 - Legal Liabilities and the Market for Auditing Services. JO - Journal of Accounting, Auditing & Finance JF - Journal of Accounting, Auditing & Finance Y1 - 1988///Summer88 VL - 3 IS - 3 M3 - Article SP - 255 EP - 285 PB - Sage Publications Inc. SN - 0148558X AB - The article investigates the impact of the expansion of the legal liability of accountants in the U.S. on the practice of accounting and the market for auditing services. Auditors are assumed to face two risks: the risk of suits brought by investors who experience losses when an auditor fails to qualify an opinion and the risk of lost business and client suits when an auditor issues an unnecessary qualification. An increasing amount of class action litigation by disgruntled shareholders and bondholders has only served to exacerbate the situation. Whatever the rationale for limiting the protection that privity affords accountants, it remains to be seen how recent changes in liability rules will affect accountants, their clients, audit fees, and general auditing quality. A mathematical model was presented which depicts the expansion in liability implied by a shift from privity into the foreseeable as an increase in penalty faced by an auditor who provides an unjustified clean opinion. Some have argued that third-party liability is unnecessary for accountants since private contracting and the treat of reputation loss can yield proper amounts of professional care and an optimal degree of negligence. KW - ACCOUNTANTS -- Malpractice KW - LIABILITY (Law) KW - ACCOUNTING KW - AUDITORS KW - CLASS actions (Civil procedure) KW - ACTIONS & defenses (Law) KW - UNITED States N1 - Accession Number: 7280225; Nelson, Julianne 1; Ronen, Joshua 1,2; White, Lawrence 1,3; Affiliations: 1: Graduate School of Business Administration, New York University; 2: Director, Vincent C. Ross Institute of Accounting Research; 3: Federal Home Loan Bank Board; Issue Info: Summer88, Vol. 3 Issue 3, p255; Thesaurus Term: ACCOUNTANTS -- Malpractice; Thesaurus Term: LIABILITY (Law); Thesaurus Term: ACCOUNTING; Thesaurus Term: AUDITORS; Thesaurus Term: CLASS actions (Civil procedure); Thesaurus Term: ACTIONS & defenses (Law); Subject: UNITED States; NAICS/Industry Codes: 541211 Offices of Certified Public Accountants; NAICS/Industry Codes: 541219 Other Accounting Services; Number of Pages: 31p; Illustrations: 16 Graphs; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=7280225&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Barth, James R. AU - Bradley, Michael D. T1 - ON INTEREST RATES, INFLATIONARY EXPECTATIONS AND TAX RATES. JO - Journal of Banking & Finance JF - Journal of Banking & Finance Y1 - 1988/06// VL - 12 IS - 2 M3 - Article SP - 215 EP - 220 SN - 03784266 AB - This paper provides new evidence on the relationship between inflation and the rate of interest for the United States during the 1953-1984 period. The results indicate that contrary to most previous studies, the Fisher hypothesis is inverted, which means that it is the real rate of interest rather than the nominal rate that moves inversely to the rate of inflation. However, this is the case only during periods of relatively stable inflation rates and moderate regulatory change. Over longer periods when factors are more volatile the inverted Fisher hypothesis is rejected. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Banking & Finance is the property of Elsevier Science Publishing Company, Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - INFLATION (Finance) KW - INTEREST rates KW - TAX rates & tables KW - ASSETS (Accounting) KW - UNITED States N1 - Accession Number: 11490150; Barth, James R. 1; Bradley, Michael D. 2; Affiliations: 1: Federal Home Loan Bank Board, Washington, DC; 2: The George Washington University, Washington, DC; Issue Info: 1988, Vol. 12 Issue 2, p215; Thesaurus Term: INFLATION (Finance); Thesaurus Term: INTEREST rates; Thesaurus Term: TAX rates & tables; Thesaurus Term: ASSETS (Accounting); Subject: UNITED States; Number of Pages: 6p; Illustrations: 1 Chart; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=11490150&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - White, Lawrence J. T1 - The economics of small businesses (Book Review). JO - Journal of Economic Literature JF - Journal of Economic Literature Y1 - 1988/06// VL - 26 IS - 2 M3 - Book Review SP - 719 PB - American Economic Association SN - 00220515 AB - Reviews the book "The Economics of Small Businesses: Their Role and Regulation in the U.S. Economy," by William A. Brock and David S. Evans with contributions by Bruce D. Phillips. KW - SMALL business KW - NONFICTION KW - BROCK, William KW - BROCK, William A. KW - EVANS, David KW - EVANS, David S. KW - PHILLIPS, Bruce KW - ECONOMICS of Small Businesses, The (Book) N1 - Accession Number: 5290639; White, Lawrence J. 1,2; Affiliations: 1: Federal Home Loan Bank Board.; 2: New York University.; Issue Info: Jun88, Vol. 26 Issue 2, p719; Thesaurus Term: SMALL business; Subject Term: NONFICTION; Reviews & Products: ECONOMICS of Small Businesses, The (Book); People: BROCK, William; People: BROCK, William A.; People: EVANS, David; People: EVANS, David S.; People: PHILLIPS, Bruce; Number of Pages: 2p; Document Type: Book Review UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5290639&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - White, Lawrence J. T1 - Litan's What Should Banks Do?: a review essay. JO - RAND Journal of Economics (RAND Journal of Economics) JF - RAND Journal of Economics (RAND Journal of Economics) Y1 - 1988///Summer88 VL - 19 IS - 2 M3 - Book Review SP - 305 EP - 315 PB - RAND Journal of Economics SN - 07416261 AB - Reviews the book "What Should Banks Do?," by Robert E. Litan. KW - BANKING industry -- United States KW - NONFICTION KW - LITAN, Robert E., 1950- KW - WHAT Should Banks Do? (Book) N1 - Accession Number: 5161640; White, Lawrence J. 1,2; Affiliations: 1: Federal Home Loan Bank Board; 2: New York University; Issue Info: Summer88, Vol. 19 Issue 2, p305; Thesaurus Term: BANKING industry -- United States; Subject Term: NONFICTION; Reviews & Products: WHAT Should Banks Do? (Book); People: LITAN, Robert E., 1950-; Number of Pages: 11p; Document Type: Book Review UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5161640&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - CHAP AU - White, Lawrence J. AD - Federal Home Loan Bank Board and NYU A2 - Larner, Robert J. A2 - Meehan, James W., Jr. T1 - The Revolution in Antitrust Analysis of Vertical Relationships: How Did We Get from There to Here? T2 - Economics and antitrust policy PB - Westport, Conn. and London: PB - Greenwood Press, Quorum Books Y1 - 1989/// SP - 103 EP - 121 N1 - Accession Number: 0258573; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Microeconomics--Theory of Firm and Industry under Imperfectly Competitive Market Structures 0226 KW - Market Structure: Industrial Organization and Corporate Strategy 6110 KW - Public Policy Towards Monopoly and Competition 6120 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0258573&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - White, Lawrence J. AD - Federal Home Loan Bank Board and NYU A2 - Blanchard, Olivier Jean A2 - Fischer, Stanley T1 - Restrictions on Financial Intermediaries and Implications for Aggregate Fluctuations: Canada and the United States 1870-1913: Comment T2 - NBER macroeconomics annual: 1989 PB - Cambridge, Mass. and London: PB - MIT Press Y1 - 1989/// SP - 345 EP - 349 N1 - Accession Number: 0255250; Geographic Descriptors: U.S.; Canada; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Economic Fluctuations--Studies 1313 KW - Economic History--United States and North America--History of Public Economic Policy (all levels) 0423 KW - Commercial Banking 3120 KW - Financial Intermediaries 3140 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0255250&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Kwoka, John E., Jr. AU - White, Lawrence J. AD - George Washington U AD - NYU and Federal Home Loan Bank Board A2 - Kwoka, John E., Jr. A2 - White, Lawrence J. T1 - The Antitrust Revolution: Introduction T2 - The antitrust revolution PB - Glenview, Ill. and London: PB - Scott, Foresman Y1 - 1989/// SP - 1 EP - 5 N1 - Accession Number: 0258528; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Public Policy Towards Monopoly and Competition 6120 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0258528&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Kwoka, John E., Jr. AU - White, Lawrence J. AD - George Washington U AD - NYU and Federal Home Loan Bank Board A2 - Kwoka, John E., Jr. A2 - White, Lawrence J. T1 - The Economic and Legal Context of Horizontal Structure T2 - The antitrust revolution PB - Glenview, Ill. and London: PB - Scott, Foresman Y1 - 1989/// SP - 8 EP - 18 N1 - Accession Number: 0258529; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Market Structure: Industrial Organization and Corporate Strategy 6110 KW - Public Policy Towards Monopoly and Competition 6120 KW - Microeconomics--Theory of Firm and Industry under Imperfectly Competitive Market Structures 0226 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0258529&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - White, Lawrence J. AD - NYU and Federal Home Loan Bank Board A2 - Kwoka, John E., Jr. A2 - White, Lawrence J. T1 - Application of the Merger Guidelines: The Proposed Merger of Coca-Cola and Dr Pepper T2 - The antitrust revolution PB - Glenview, Ill. and London: PB - Scott, Foresman Y1 - 1989/// SP - 80 EP - 98 N1 - Accession Number: 0258532; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Market Structure: Industrial Organization and Corporate Strategy 6110 KW - Industry Studies--Manufacturing--Food Processing, Tobacco, and Beverages 6318 KW - Public Policy Towards Monopoly and Competition 6120 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0258532&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Kwoka, John E., Jr. AU - White, Lawrence J. AD - George Washington U AD - NYU and Federal Home Loan Bank Board A2 - Kwoka, John E., Jr. A2 - White, Lawrence J. T1 - The Economic and Legal Context of Horizontal Practices T2 - The antitrust revolution PB - Glenview, Ill. and London: PB - Scott, Foresman Y1 - 1989/// SP - 122 EP - 133 N1 - Accession Number: 0258534; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Market Structure: Industrial Organization and Corporate Strategy 6110 KW - Public Policy Towards Monopoly and Competition 6120 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0258534&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Kwoka, John E., Jr. AU - White, Lawrence J. AD - George Washington U AD - NYU and Federal Home Loan Bank Board A2 - Kwoka, John E., Jr. A2 - White, Lawrence J. T1 - The Economic and Legal Context of Vertical Arrangements T2 - The antitrust revolution PB - Glenview, Ill. and London: PB - Scott, Foresman Y1 - 1989/// SP - 264 EP - 272 N1 - Accession Number: 0258540; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Public Policy Towards Monopoly and Competition 6120 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0258540&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - White, Lawrence J. AD - Federal Home Loan Bank Board A2 - Federal Home Loan Bank of San Francisco T1 - A Framework for the Future: Panel Presentation T2 - The future of the thrift industry: Proceedings of the fourteenth annual conference, December 8-9, 1988, San Francisco, California PB - San Francisco: PB - Author Y1 - 1989/// SP - 221 EP - 224 N1 - Accession Number: 0256532; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Financial Intermediaries 3140 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0256532&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Wall, M. Danny AD - Federal Home Loan Bank Board A2 - Federal Home Loan Bank of San Francisco T1 - The Tasks Ahead T2 - The future of the thrift industry: Proceedings of the fourteenth annual conference, December 8-9, 1988, San Francisco, California PB - San Francisco: PB - Author Y1 - 1989/// SP - 231 EP - 237 N1 - Accession Number: 0256533; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199203 KW - Financial Intermediaries 3140 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0256533&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Barth, James R. AU - Bradley, Michael G. T1 - The Ailing S & Ls: Causes and Cures. JO - Challenge (05775132) JF - Challenge (05775132) Y1 - 1989/03//Mar/Apr89 VL - 32 IS - 2 M3 - Article SP - 30 EP - 38 PB - Taylor & Francis Ltd SN - 05775132 AB - The article presents the plan to solve the crisis in the thrift industry in the U.S. It also presents the financial condition of industries. The Federal Savings and Loan Insurance Corporation (FSLIC) resolved or stabilized 223 thrift institutions at a cost of nearly $40 billion in 1988. The FSLIC always has covered all costs through premiums levied on thrift industry deposits. Most recently, FSLIC notes and guarantees related to yield maintenance and capital loss coverage have been used in a major way by leveraging against juture premium income. Legislation enacted in the early 1980s broadened the range of services thrift institutions could offer as well as the types of funds that could be attracted. The intent was to enable thrift institutions to diversify their portfolios and to shorten the effective maturity of their assets relative to their liabilities. KW - INDUSTRIAL laws & legislation KW - FINANCIAL planning KW - SAVING & investment KW - FINANCIAL institutions KW - BUSINESS insurance KW - LEGISLATIVE bills KW - UNITED States N1 - Accession Number: 6150114; Barth, James R. 1; Bradley, Michael G. 2; Affiliations: 1: Director of the Office of Policy and Economic Research, Federal Home Loan Bank Board, Washington. D.C..; 2: Financial Economist in Federal Home Loan Bank Board, Washington. D.C..; Issue Info: Mar/Apr89, Vol. 32 Issue 2, p30; Thesaurus Term: INDUSTRIAL laws & legislation; Thesaurus Term: FINANCIAL planning; Thesaurus Term: SAVING & investment; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: BUSINESS insurance; Subject Term: LEGISLATIVE bills; Subject: UNITED States; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 523930 Investment Advice; Number of Pages: 9p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=6150114&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Murphy, J. Austin T1 - Analyzing Sub-Classes of General Motors Common Stock. JO - FM: The Journal of the Financial Management Association JF - FM: The Journal of the Financial Management Association Y1 - 1989///Spring89 VL - 18 IS - 1 M3 - Article SP - 64 EP - 71 PB - Financial Management Association SN - 10877827 AB - This article analyzes the sub-classes of General Motors' common stock. In 1984, General Motors (GM), the largest company in the world as measured by sales, created an innovation in equity financing by issuing a special Class E common stock which had a claim on the earnings of its wholly-owned data-processing subsidiary, Electronic Data Systems. Subsequently in 1985, GM created a special Class H common stock which had a claim on the earnings of its wholly-owned electronics subsidiary, Hughes Electronics. Upon first inspection, the issuance of the new sub-classes of stock appears somewhat similar to equity carve-out, an action in which a fraction of the common shares of a wholly-owned subsidiary is offered to the public. However, the sub-classes of GM common stock are materially different from the subsidiary's shares after an equity carve-out. Moreover, the dividends paid to the sub-class shares are, with a few ineffective constraints, totally at the discretion of the GM Board of Directors and may be unrelated to the cash flows the subsidiary actually remits to the parent company. In addition, the liquidation claim of the sub-class shares is legally a fraction of the total liquidation value of GM, instead of being a function of the value of the subsidiary alone. Finally, the sub-class stock has fractional voting rights for matters pertaining to the parent but has no voting power over matters pertaining exclusively to the subsidiary. KW - STOCKS (Finance) KW - SUBSIDIARY corporations KW - CORPORATIONS -- Finance KW - CASH flow KW - EARNINGS per share KW - LIQUIDATION KW - FINANCIAL management KW - GENERAL Motors Corp. N1 - Accession Number: 5030149; Murphy, J. Austin 1,2; Affiliations: 1: Financial Economist, Federal Home Loan Bank Board, Washington, DC; 2: Assistant Professor of Finance, Oakland University, Rochester, MI.; Issue Info: Spring89, Vol. 18 Issue 1, p64; Thesaurus Term: STOCKS (Finance); Thesaurus Term: SUBSIDIARY corporations; Thesaurus Term: CORPORATIONS -- Finance; Thesaurus Term: CASH flow; Thesaurus Term: EARNINGS per share; Thesaurus Term: LIQUIDATION; Thesaurus Term: FINANCIAL management ; Company/Entity: GENERAL Motors Corp. DUNS Number: 005356613 Ticker: GM; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 551114 Corporate, Subsidiary, and Regional Managing Offices; NAICS/Industry Codes: 523920 Portfolio Management; Number of Pages: 8p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ent&AN=5030149&site=ehost-live&scope=site DP - EBSCOhost DB - ent ER - TY - JOUR AU - White, Lawrence J. T1 - Restructuring the automobile industry (Book Review). JO - Journal of Economic Literature JF - Journal of Economic Literature Y1 - 1989/09// VL - 27 IS - 3 M3 - Book Review SP - 1200 PB - American Economic Association SN - 00220515 AB - Reviews the book "Restructuring the Automobile Industry: A Study of Firms and States in Modern Capitalism," by Dennis Patrick Quinn. KW - AUTOMOBILE industry KW - COMPANY automobiles KW - NONFICTION KW - QUINN, Dennis KW - QUINN, Dennis Patrick KW - RESTRUCTURING the Automobile Industry: A Study of Firms & States in Modern Capitalism (Book) N1 - Accession Number: 5291430; White, Lawrence J. 1,2; Affiliations: 1: New York University.; 2: Federal Home Loan Bank Board.; Issue Info: Sep89, Vol. 27 Issue 3, p1200; Thesaurus Term: AUTOMOBILE industry; Thesaurus Term: COMPANY automobiles; Subject Term: NONFICTION; Reviews & Products: RESTRUCTURING the Automobile Industry: A Study of Firms & States in Modern Capitalism (Book); NAICS/Industry Codes: 336110 Automobile and light-duty motor vehicle manufacturing; NAICS/Industry Codes: 336111 Automobile Manufacturing; NAICS/Industry Codes: 336211 Motor Vehicle Body Manufacturing; NAICS/Industry Codes: 415110 New and used automobile and light-duty truck merchant wholesalers; NAICS/Industry Codes: 423110 Automobile and Other Motor Vehicle Merchant Wholesalers; NAICS/Industry Codes: 441110 New Car Dealers; People: QUINN, Dennis; People: QUINN, Dennis Patrick; Number of Pages: 2p; Document Type: Book Review UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5291430&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - White, Lawrence J. T1 - The Reform of Federal Deposit Insurance. JO - Journal of Economic Perspectives JF - Journal of Economic Perspectives Y1 - 1989///Fall89 VL - 3 IS - 4 M3 - Article SP - 11 EP - 29 PB - American Economic Association SN - 08953309 AB - This article discusses the factors that contributed to the losses on deposit insurance for savings and loans sustained by the U.S. Federal Savings and Loan Insurance Corp. in the early part of 1989. In this regard, the article reviews the current system of deposit insurance and advocates a set of necessary reforms. In early 1989, the system of deposit insurance in the U.S. was in crisis. The Federal Savings and Loan Insurance Corp., the U.S. government agency that provided deposit insurance for savings and loan institutions, had sustained massive losses from the insolvencies of hundreds of thrifts. The Federal Deposit Insurance Corp., which provides similar insurance for deposits in commercial banks, has sustained much smaller losses but is considered to be in poor enough financial condition that its premium assessments will increase substantially. The deposit insurance system has two goals: to provide a safe investment vehicle for unsophisticated savers and to stabilize depositories against runs. KW - BUSINESS losses KW - DEPOSIT insurance KW - THRIFT institutions KW - FINANCIAL institutions KW - ECONOMIC reform KW - UNITED States KW - FEDERAL Savings & Loan Insurance Corp. KW - FEDERAL Deposit Insurance Corp. N1 - Accession Number: 4432924; White, Lawrence J. 1,2; Affiliations: 1: Professor of Economics, New York University, New York, New York.; 2: Board Member, Federal Home Loan Bank Board.; Issue Info: Fall89, Vol. 3 Issue 4, p11; Thesaurus Term: BUSINESS losses; Thesaurus Term: DEPOSIT insurance; Thesaurus Term: THRIFT institutions; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: ECONOMIC reform; Subject: UNITED States ; Company/Entity: FEDERAL Savings & Loan Insurance Corp. ; Company/Entity: FEDERAL Deposit Insurance Corp.; NAICS/Industry Codes: 524128 Other Direct Insurance (except Life, Health, and Medical) Carriers; NAICS/Industry Codes: 524129 Other direct insurance (except life, health and medical) carriers; NAICS/Industry Codes: 522291 Consumer Lending; Number of Pages: 19p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4432924&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - White, Lawrence J. T1 - Comment. JO - NBER/Macroeconomics Annual (MIT Press) JF - NBER/Macroeconomics Annual (MIT Press) Y1 - 1989/10// VL - 4 IS - 1 M3 - Article SP - 345 EP - 349 SN - 08893365 AB - Comments on a study by Stephen Williamson regarding the consequences for macroeconomic fluctuations of two types of restrictions on financial intermediaries. Types of restrictions; Approach used by Williamson to examine the effects of the restrictions; Criticisms concerning Williamson's theory. KW - FINANCIAL institutions KW - MACROECONOMICS KW - ECONOMIC models KW - RESTRICTIONS KW - WILLIAMSON, Stephen N1 - Accession Number: 18015634; White, Lawrence J. 1,2; Affiliations: 1: Federal Home Loan Bank Board; 2: New York University; Issue Info: 1989, Vol. 4 Issue 1, p345; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: MACROECONOMICS; Thesaurus Term: ECONOMIC models; Subject Term: RESTRICTIONS; NAICS/Industry Codes: 522291 Consumer Lending; People: WILLIAMSON, Stephen; Number of Pages: 5p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=18015634&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Murphy, J. Austin T1 - USING BAYESIAN BETAS TO ESTIMATE RISK RETURN PARAMETERS: AN EMPIRICAL INVESTIGATION. JO - Journal of Business Finance & Accounting JF - Journal of Business Finance & Accounting Y1 - 1990///Summer90 VL - 17 IS - 3 M3 - Article SP - 471 EP - 477 PB - Wiley-Blackwell SN - 0306686X AB - This article provides an overview of Capital Asset Pricing Model (CAPM) testing procedures. In practice, investors commonly use a Bayesian estimator for beta in order to evaluate an asset's contribution to portfolio risk. This research examines the effect on CAPM testing results when Bayesian beta estimates are employed. To estimate the betas, the entire time horizon over which observations on a security's returns exist is utilized. The empirical findings of this research indicate that the risk-return relationships in the stock market are consistent with investors acting as if they use Bayesian betas similar to those employed by two of the leading investment advisors, Merrill Lynch and Value Line. In addition, the evidence is consistent with investors acting as if they require and expect to receive a small additional premium return for investing in stocks above that required for CAPM beta risk. This additional premium return could be to compensate investors for the transaction costs and/or investigation costs associated with stock market investments. These findings can be useful to corporate managers for determining the appropriate discount rate to use when computing the net present values of projects for evaluating spending decisions. KW - CAPITAL assets pricing model KW - CORPORATIONS -- Finance KW - BAYES' estimation KW - INVESTMENTS KW - STOCK exchanges N1 - Accession Number: 4560642; Murphy, J. Austin 1; Affiliations: 1: Financial Economist, Federal Home Loan Bank Board, Washington; Issue Info: Summer90, Vol. 17 Issue 3, p471; Thesaurus Term: CAPITAL assets pricing model; Thesaurus Term: CORPORATIONS -- Finance; Thesaurus Term: BAYES' estimation; Thesaurus Term: INVESTMENTS; Thesaurus Term: STOCK exchanges; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; NAICS/Industry Codes: 523210 Securities and Commodity Exchanges; Number of Pages: 7p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4560642&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - McKenzie, Joseph A. AU - Cole, Rebel A. AU - Brown, Richard A. AD - Federal Housing Finance Board, DC AD - Federal Reserve System AD - Federal Deposit Insurance Corporation, DC T1 - Moral Hazard, Portfolio Allocation, and Asset Returns for Thrift Institutions JO - Journal of Financial Services Research JF - Journal of Financial Services Research Y1 - 1992/04// VL - 5 IS - 4 SP - 315 EP - 339 SN - 09208550 N1 - Accession Number: 0270601; Keywords: Hazard; Moral Hazard; Portfolio; Thrift; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 199212 N2 - This article examines the earnings performance of nontraditional assets allowed to thrifts since the early 1980s. It uses the statistical cost accounting methodology developed by D. Hester and J. Zoellner to estimate average returns on thrift portfolio investments for the years ending June 30,1987 and June 30,1988. Results show that average returns on land loans, service corporation investment, real estate investment, and commercial loans were significantly lower than returns on more traditional assets. The results are far more pronounced at capital deficient institutions, lending support to the hypothesis that they used nontraditional investments as a means of exploiting the deposit insurance system. Returns on nontraditional assets are significantly affected by geographic factors, even for well capitalized institutions. The article concludes with an evaluation of the reimposition of portfolio restrictions on thrifts by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Portfolio Choice; Investment Decisions G11 KW - Asymmetric and Private Information; Mechanism Design D82 L3 - http://link.springer.com/journal/volumesAndIssues/10693 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0270601&site=ehost-live&scope=site UR - http://link.springer.com/journal/volumesAndIssues/10693 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Cole, Rebel A. AU - Eisenbeis, Robert A. AU - McKenzie, Joseph A. AD - Federal Reserve System AD - U NC AD - Federal Housing Finance Board T1 - Asymmetric-Information and Principal-Agent Problems as Sources of Value in FSLIC-Assisted Acquisitions of Insolvent Thrifts JO - Journal of Financial Services Research JF - Journal of Financial Services Research Y1 - 1994/02// VL - 8 IS - 1 SP - 5 EP - 28 SN - 09208550 N1 - Accession Number: 0326738; Keywords: Acquisition; Acquisitions; FSLIC; Thrift; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 199409 KW - Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance G34 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Financial Institutions and Services: Government Policy and Regulation G28 L3 - http://link.springer.com/journal/volumesAndIssues/10693 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0326738&site=ehost-live&scope=site UR - http://link.springer.com/journal/volumesAndIssues/10693 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Cole, Rebel A. AU - McKenzie, Joseph A. AD - Federal Reserve System AD - Federal Housing Finance Board T1 - Thrift Asset-Class Returns and the Efficient Diversification of Thrift Institution Portfolios JO - American Real Estate and Urban Economics Association Journal JF - American Real Estate and Urban Economics Association Journal Y1 - 1994///Spring VL - 22 IS - 1 SP - 95 EP - 116 SN - 0092914X N1 - Accession Number: 0325429; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 199409 KW - Asset Pricing; Trading Volume; Bond Interest Rates G12 KW - Financial Institutions and Services: Government Policy and Regulation G28 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0325429&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Cole, Rebel A. AU - McKenzie, Joseph A. T1 - Thrift Asset-Class Returns and the Efficient Diversification of Thrift Institution Portfolios. JO - Journal of the American Real Estate & Urban Economics Association JF - Journal of the American Real Estate & Urban Economics Association Y1 - 1994///Spring94 VL - 22 IS - 1 M3 - Article SP - 95 EP - 116 PB - Wiley-Blackwell SN - 10678433 AB - We estimate quarterly return series from March 1984 through December 1989 for 10 classes of thrift assets using the statistical cost-accounting methodology of Hester and Zoellner (1966). We then use these return series to estimate mean-variance efficient frontiers for all thrifts, for thrifts that were well capitalized two years earlier and for thrifts that were insolvent two years earlier. Our results show that neither the asset restrictions existing before nor those in effect after passage of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 would have prevented thrifts from reaching most of the portfolios along the efficient frontier. The actual portfolio chosen by well-capitalized thrifts is close to the estimated efficient frontier, while the actual portfolio chosen by insolvent thrifts is located far from the frontier in the high-risk end of investment space. These findings, coupled with the high proportion of nontraditional assets in the actual portfolio chosen by insolvent thrifts, support the hypothesis that moral hazard induced thrifts to take on investments that were excessively risky from the deposit insurer's point of view. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of the American Real Estate & Urban Economics Association is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - SAVING & investment KW - ASSETS (Accounting) KW - ACCOUNTS receivable KW - FINANCIAL institutions KW - BANKING industry KW - THRIFT institutions N1 - Accession Number: 9502031976; Cole, Rebel A. 1; McKenzie, Joseph A. 2; Affiliations: 1: Board of Governors of the Federal Reserve System, Washington, D.C. 20551; 2: Federal Housing Finance Board, 1777 F Street, N.W., Washington, D.C. 20006; Issue Info: Spring94, Vol. 22 Issue 1, p95; Thesaurus Term: SAVING & investment; Thesaurus Term: ASSETS (Accounting); Thesaurus Term: ACCOUNTS receivable; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: BANKING industry; Thesaurus Term: THRIFT institutions; NAICS/Industry Codes: 522110 Commercial Banking; NAICS/Industry Codes: 522111 Personal and commercial banking industry; NAICS/Industry Codes: 522120 Savings Institutions; NAICS/Industry Codes: 522190 Other Depository Credit Intermediation; NAICS/Industry Codes: 522291 Consumer Lending; Number of Pages: 22p; Illustrations: 4 Charts, 3 Cartoon or Caricatures; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=9502031976&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - BOOK AU - Federal Housing Finance Board, Washington, DC T1 - 1995 Report on the Low Income Housing and Community Development Activities of the Federal Home Loan Bank System JO - 1995 Report on the Low Income Housing and Community Development Activities of the Federal Home Loan Bank System JF - 1995 Report on the Low Income Housing and Community Development Activities of the Federal Home Loan Bank System Y1 - 1995/// AB - This report, presented by the Federal Housing Finance Board, highlights the low-income housing and community development activities of the Federal Home Loan Bank (FHLBank) System during 1995. It describes the accomplishments of its Affordable Housing Program (AHP), Community Investment Program (CIP), and Community Support Programs (CSP) for the 12 FHLBanks, as well as highlighting major initiatives including the National Partners for Homeownership, AHP set-aside programs, and financing for ru ral projects. The report also includes summaries of the annual reports for each of the FHLBanks, which includes information on the advisory council members, program highlights, and recommendations. In addition, the report contains examples of affordable housing and community investment program projects from each of the districts (Copyright applies to all Abstracts.) KW - Federal home loan bank system KW - Federal home loan bank board KW - Housing finance KW - Affordable housing KW - Community development prgs KW - Community development KW - Housing for low-income persons KW - Supportive services N1 - Accession Number: MRB-FSD0348587; Federal Housing Finance Board, Washington, DC; Source Info: 38 pp.; 1995 ; Note: Availability: Federal Housing Finance Board, 1777 F Street, NW, Washington, DC 20006.. UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=flh&AN=MRB-FSD0348587&site=ehost-live&scope=site DP - EBSCOhost DB - flh ER - TY - CHAP AU - Cole, Rebel A. AU - McKenzie, Joseph A. AU - White, Lawrence J. AD - Federal Reserve System AD - Federal Housing Finance Board AD - Stern School of Business, NYU A2 - Cottrell, Allin F. A2 - Lawlor, Michael S. A2 - Wood, John H. T1 - Deregulation Gone Awry: Moral Hazard in the Savings and Loan Industry T2 - The causes and costs of depository institution failures PB - Innovations in Financial Markets and Institutions series. PB - Boston; London and Dordrecht: PB - Kluwer Academic Y1 - 1995/// SP - 29 EP - 73 N1 - Accession Number: 0445902; Reviewed Book ISBN: 0-7923-9634-0; Keywords: Deregulation; Savings and Loan; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 199805 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Financial Institutions and Services: Government Policy and Regulation G28 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0445902&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Deng, Yongheng AD - Office of Federal Housing Enterprise Oversight T1 - Mortgage Default and Low Downpayment Loans: The Costs of Public Subsidy JO - Regional Science and Urban Economics JF - Regional Science and Urban Economics Y1 - 1996/06// VL - 26 IS - 3-4 SP - 263 EP - 285 SN - 01660462 N1 - Accession Number: 0390658 Partial authors List; ; Keywords: Mortgage; Publication Type: Journal Article; Update Code: 199609 N2 - This paper presents a unified model of the default and prepayment behavior of homeowners in a proportional hazard framework. The model uses the option-based approach to analyze default and prepayment, and considers these two interdependent hazards as competing risks. The results indicate the sensitivity of default to the initial loan-to-value ratio of the loan and the course of housing equity. The latter is a measure of the extent to which the default option is in the money. The results also indicate the importance of trigger events, namely unemployment and divorce, in affecting prepayment and default behavior. The empirical results are used to analyze the costs of a current policy proposal-stimulating homeownership by offering low downpayment loans. We simulate default probabilities and costs on zero-downpayment loans and compare them with conventional loans with conventional underwriting standards. The results indicate that if zero-downpayment loans were priced as if they were mortgages with 10% downpayments, then the additional program costs would be 2-4% of funds made available-when housing prices increase steadily. If housing prices remained constant, the costs of the program would be much larger indeed. Our estimates suggest that additional program costs could be between $74,000 and $87,000 per million dollars of lending. If the expected losses from such a program were not priced at all, the losses from default alone could exceed 10% of the funds made available for loans. Coauthors are John M. Quigley, Robert Van Order, and Freddie Mac. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 L3 - http://www.sciencedirect.com/science/journal/01660462 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0390658&site=ehost-live&scope=site UR - http://www.sciencedirect.com/science/journal/01660462 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Ambrose, Brent W. AU - Capone, Charles A., Jr. AD - U WI, Milwaukee AD - Office of Federal Housing Enterprise Oversight, Washington, DC T1 - Cost-Benefit Analysis of Single-Family Foreclosure Alternatives JO - Journal of Real Estate Finance and Economics JF - Journal of Real Estate Finance and Economics Y1 - 1996/09// VL - 13 IS - 2 SP - 105 EP - 120 SN - 08955638 N1 - Accession Number: 0398201; Keywords: Foreclosure; Mortgage; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 199612 N2 - Over the last ten years, single-family mortgage lenders have become more aware of the financial benefits of finding alternatives to foreclosure for borrowers who default on their mortgage obligations. In this article, expected costs of foreclosure alternatives are parameterized to solve for minimum probabilities of borrower success necessary to make pursuing them profitable for lenders. These break-even probabilities are found to be very insensitive to changes in a variety of factors, including interest-rate environments and time horizons. Simulations are performed across house-price-deflation scenarios, loan-to-value ratios, and post-default cure rates. Stochastic processes are introduced through time distributions for foreclosure processing, property disposition, and house-price appreciation. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 L3 - http://link.springer.com/journal/volumesAndIssues/11146 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0398201&site=ehost-live&scope=site UR - http://link.springer.com/journal/volumesAndIssues/11146 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Levis, Christopher M. AU - Murdock, Kevin C. T1 - The Role of Government Contracts in Discretionary Reinsurance Markets for Natural Disasters. JO - Journal of Risk & Insurance JF - Journal of Risk & Insurance Y1 - 1996/12// VL - 63 IS - 4 M3 - Article SP - 567 EP - 597 PB - Wiley-Blackwell SN - 00224367 AB - A recent surge in natural disaster losses in the United States has created widespread disruptions in the property insurance market and generated calls for federal protection against natural disaster risk. This article examines the market for disaster insurance in the United States and finds that insurance markets are limited in their ability to intertemporally diversify catastrophic risk. In a targeted response, this article proposes a new form of federal reinsurance based on the auctioning of multiple peril catastrophe call spread options that cover industry losses in the range of $25-$50 billion. This article argues that the sale of these catastrophe excess-of-loss contracts utilizes the unique intertemporal diversification capabilities of the federal government to expand the market for natural disaster risk while enhancing the private market equilibrium for insurance. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Risk & Insurance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - DISASTER insurance KW - INSURABLE risks KW - REINSURANCE KW - FEDERAL government KW - CASUALTY insurance KW - MARKET equilibrium KW - UNITED States N1 - Accession Number: 9701241951; Levis, Christopher M. 1; Murdock, Kevin C. 2; Affiliations: 1: Senior Financial Economist, Office of Federal Housing Enterprise Oversight, Washington, D.C.; 2: Associate Professor of Strategic Management, Stanford University; Issue Info: Dec96, Vol. 63 Issue 4, p567; Thesaurus Term: DISASTER insurance; Thesaurus Term: INSURABLE risks; Thesaurus Term: REINSURANCE; Thesaurus Term: FEDERAL government; Thesaurus Term: CASUALTY insurance; Thesaurus Term: MARKET equilibrium; Subject: UNITED States; NAICS/Industry Codes: 524126 Direct Property and Casualty Insurance Carriers; NAICS/Industry Codes: 524121 Direct general property and casualty insurance carriers; NAICS/Industry Codes: 524135 Liability reinsurance carriers; NAICS/Industry Codes: 524139 General and other reinsurance carriers; NAICS/Industry Codes: 524133 Automobile reinsurance carriers; NAICS/Industry Codes: 524132 Accident and sickness reinsurance carriers; NAICS/Industry Codes: 524131 Life reinsurance carriers; NAICS/Industry Codes: 524130 Reinsurance Carriers; NAICS/Industry Codes: 524134 Property reinsurance carriers; Number of Pages: 31p; Illustrations: 3 Graphs; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=9701241951&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Lewis, Christopher M. AU - Murdock, Kevin C. AD - Office of Federal Housing Enterprise Oversight, Washington AD - Stanford U T1 - The Role of Government Contracts in Discretionary Reinsurance Markets for Natural Disasters JO - Journal of Risk and Insurance JF - Journal of Risk and Insurance Y1 - 1996/12// VL - 63 IS - 4 SP - 567 EP - 597 SN - 00224367 N1 - Accession Number: 0403283; Keywords: Insurance; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 199703 N2 - A recent surge in natural disaster losses in the United States has created widespread disruptions in the property insurance market and generated calls for federal protection against natural disaster risk. This article examines the market for disaster insurance in the United States and finds that insurance markets are limited in their ability to intertemporally diversify catastrophic risk. In a targeted response, this article proposes a new form of federal reinsurance based on the auctioning of multiple peril catastrophe call spread options that cover industry losses in the range of $25-$50 billion. This article argues that the sale of these catastrophe excess-of-loss contracts utilizes the unique intertemporal diversification capabilities of the federal government to expand the market for natural disaster risk while enhancing the private market equilibrium for insurance. KW - Insurance; Insurance Companies; Actuarial Studies G22 KW - Financial Institutions and Services: Government Policy and Regulation G28 L3 - http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291539-6975/issues UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0403283&site=ehost-live&scope=site UR - http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291539-6975/issues DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Follain, James R. AU - Calhoun, Charles A. T1 - Constructing Indices of the Price of Multifamily Properties Using the 1991 Residential Finance Survey. JO - Journal of Real Estate Finance & Economics JF - Journal of Real Estate Finance & Economics Y1 - 1997/01//Jan-Mar1997 VL - 14 IS - 1/2 M3 - Article SP - 235 EP - 255 SN - 08955638 AB - Indices of the price of constant-quality, owner-occupied single-family housing are widely available and have been instrumental in learning about the operations of the market for owner-occupied housing. Such is not the case for multifamily rental housing. The purpose of this article is to provide information about movements in the price of multifamily properties during the 1980s and early 1990s using the 1991 Residential Finance Survey (RFS). Several conclusions are drawn from the development and analysis of indices of the price of multifamily housing for the nation and four large states (California, Florida, New York, and Texas). First, indices for the period 1983- 1991 generate similar patterns among the various methods employed; furthermore, movements in the index during the period 1983-1991 seem reasonable. Second, much regional variation exists. Prices in Texas were particularly hard hit, falling by over 25% in nominal terms between 1983 and 1991. Third, the impact of the Tax Reform Act of 1986 does not appear to have been as dramatic as some have suggested. Indeed, price declines do not show up in either the 1986 or 1987 indices for the nation, California, or New York. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Real Estate Finance & Economics is the property of Springer Science & Business Media B.V. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - PRICE indexes KW - ECONOMIC surveys KW - HOUSING KW - RENTAL housing KW - REAL estate business KW - NEW York (State) KW - multifamily housing KW - price indices KW - repeat-sales indices KW - Residential Finance Survey KW - Tax Reform Act of 1986 N1 - Accession Number: 17322218; Follain, James R. 1; Calhoun, Charles A. 2; Affiliations: 1: Center for Policy Research, Syracuse University.; 2: Office of Federal Housing Enterprise Oversight.; Issue Info: Jan-Mar1997, Vol. 14 Issue 1/2, p235; Thesaurus Term: PRICE indexes; Thesaurus Term: ECONOMIC surveys; Thesaurus Term: HOUSING; Thesaurus Term: RENTAL housing; Thesaurus Term: REAL estate business; Subject: NEW York (State); Author-Supplied Keyword: multifamily housing; Author-Supplied Keyword: price indices; Author-Supplied Keyword: repeat-sales indices; Author-Supplied Keyword: Residential Finance Survey; Author-Supplied Keyword: Tax Reform Act of 1986; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 531110 Lessors of Residential Buildings and Dwellings; NAICS/Industry Codes: 531390 Other Activities Related to Real Estate; NAICS/Industry Codes: 531212 Offices of real estate brokers; NAICS/Industry Codes: 531210 Offices of Real Estate Agents and Brokers; NAICS/Industry Codes: 531111 Lessors of residential buildings and dwellings (except social housing projects); Number of Pages: 21p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=17322218&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - CHAP AU - Deng, Yongheng AU - Quigley, John M. AU - Van Order, Robert AD - Office of Federal Housing Enterprise Oversight, Washington, DC AD - U CA, Berkeley AD - Federal Home Loan Mortgage Corporation, McLean, VA A2 - Quigley, John M. T1 - Mortgage Default and Low Downpayment Loans: The Costs of Public Subsidy T2 - The economics of housing. Volume 2 PB - Elgar Reference Series. International Library of Critical Writings in Economics, vol. 85. PB - Cheltenham, U.K. and Northampton, Mass.: PB - Elgar; distributed by American International Distribution Corporation, Williston, Vt. Y1 - 1997/// SP - 253 EP - 275 RP - [1996] N1 - Accession Number: 0524851; Reviewed Book ISBN: 1-85278-754-6; Keywords: Mortgage; Publication Type: Collective Volume Article; Update Code: 200005 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand R21 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0524851&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - AMBROSE, BRENT W. AU - BUTTIMER, RICHARD J. AU - CAPONE, CHARLES A. T1 - Pricing Mortgage Default and Foreclosure Delay. JO - Journal of Money, Credit & Banking (Ohio State University Press) JF - Journal of Money, Credit & Banking (Ohio State University Press) Y1 - 1997/08// VL - 29 IS - 3 M3 - Article SP - 314 EP - 325 PB - Ohio State University Press SN - 00222879 AB - This paper extends current mortgage-pricing models to recognize the impact that delays between default and foreclosure have on the value of default to the borrower and the resulting value of the mortgage to investors. The model explicitly captures potential costs (through postforeclosure deficiency judgments) and benefits (in the eliminations of negative equity and "free" rent) that must be weighed at the time of default in determining whether the ultimate put option (via allowing foreclosure) is in the money. The results provide policy implications concerning the operation of the FHA insurance program. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Money, Credit & Banking (Ohio State University Press) is the property of Ohio State University Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - MORTGAGES KW - FORECLOSURE KW - DEFAULT (Finance) KW - MORTGAGE loans -- Law & legislation KW - MORTGAGE loan servicing KW - UNITED States KW - UNITED States. Federal Housing Administration N1 - Accession Number: 9709251952; AMBROSE, BRENT W. 1; BUTTIMER, RICHARD J. 2; CAPONE, CHARLES A. 3; Affiliations: 1: Associate professor, School of Business Administration, University of Wisconsin-Milwaukee; 2: Assistant professor of finance and real estate, University of Texas Arlington; 3: Senior economist, Office of Federal Housing Enterprise Oversight; Issue Info: Aug97, Vol. 29 Issue 3, p314; Thesaurus Term: MORTGAGES; Thesaurus Term: FORECLOSURE; Thesaurus Term: DEFAULT (Finance); Thesaurus Term: MORTGAGE loans -- Law & legislation; Thesaurus Term: MORTGAGE loan servicing; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Administration; NAICS/Industry Codes: 531390 Other Activities Related to Real Estate; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 526913 Mortgage funds; Number of Pages: 12p; Illustrations: 1 Chart, 1 Graph; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=9709251952&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Ambrose, Brent W. AU - Capone, Charles A. AD - U PA and U WI, Milwaukee AD - Office of Federal Housing Enterprise Oversight, Washington, DC T1 - Modeling the Conditional Probability of Foreclosure in the Context of Single-Family Mortgage Default Resolutions JO - Real Estate Economics JF - Real Estate Economics Y1 - 1998///Fall VL - 26 IS - 3 SP - 391 EP - 429 SN - 10808620 N1 - Accession Number: 0477429; Keywords: Foreclosure; Mortgage; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 199811 N2 - Both empirical and pricing-simulation models of mortgage default focus on foreclosure in a one-step decision framework. Such models are misspecified to the extent that mortgage default and foreclosure are two separate decisions or events, where foreclosure is but one outcome of a default episode. This study examines the dynamics of mortgage borrower default episodes using a large sample of FHA-insured single-family mortgages. We estimate the influence of borrower characteristics, mortgage terms, and economic conditions on probabilities of various resolutions, highlighting under what conditions foreclosure is more likely to result from mortgage default. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Housing Supply and Markets R31 L3 - http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291540-6229/issues UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0477429&site=ehost-live&scope=site UR - http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291540-6229/issues DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Golding, Edward L. AU - Slutsky, Steven AD - Federal Home Loan Bank Board AD - U FL A2 - Baye, Michael R. T1 - Equilibrium Price Distributions in an Asymmetric Duopoly T2 - Advances in applied microeconomics. Volume 8. Oligopoly PB - Stamford, Conn.: PB - JAI Press Y1 - 1999/// SP - 139 EP - 159 N1 - Accession Number: 0574574; Reviewed Book ISBN: 0-7623-0576-2; Keywords: Duopoly; Equilibrium; Publication Type: Collective Volume Article; Update Code: 200108 KW - Market Structure and Pricing: Oligopoly and Other Forms of Market Imperfection D43 KW - Oligopoly and Other Imperfect Markets L13 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0574574&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Golding, Edward L. AU - Slutsky, Steven AD - Federal Home Loan Bank Board AD - U FL A2 - Baye, Michael R. T1 - Price Dispersion in a Simultaneous Move Salop-Stiglitz Search Model without Rationing T2 - Advances in applied microeconomics. Volume 8. Oligopoly PB - Stamford, Conn.: PB - JAI Press Y1 - 1999/// SP - 223 EP - 248 N1 - Accession Number: 0574578; Reviewed Book ISBN: 0-7623-0576-2; Keywords: Search; Publication Type: Collective Volume Article; Update Code: 200108 KW - Search; Learning; Information and Knowledge; Communication; Belief D83 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0574578&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Martinez, Sylvia C. AD - Federal Housing Finance Board T1 - The Housing Act of 1949: Its Place in the Realization of the American Dream of Homeownership JO - Housing Policy Debate JF - Housing Policy Debate Y1 - 2000/// VL - 11 IS - 2 SP - 467 EP - 487 SN - 10511482 N1 - Accession Number: 0550298; Keywords: Homeownership; Homes; Housing; War; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200101 N2 - The Housing Act of 1949 pledged a decent home for every American family. This article examines how that promise has been met through homeownership. It traces the evolution of mortgage markets and federal homeownership policies from the post-World War II era to the end of the 20th century and it concludes by identifying the challenges now facing the nation. Initially, the act displaced lower-income families and fostered segregation. In the aftermath of the civil rights movement, Congress invoked the act to extend home-ownership opportunities to lower-income families and racial minorities. Despite early failures, federal initiatives, together with a maturing mortgage market and a favorable economic climate, have increased homeownership rates. These gains notwithstanding, affordability and lagging homeownership rates for minorities pose critical challenges that must be met in the new millennium. KW - Production Analysis and Firm Location: Government Policy R38 KW - Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand R21 KW - Economic History: Government, War, Law, International Relations, and Regulation: U.S.; Canada: 1913- N42 L3 - http://www.tandfonline.com/loi/rhpd20 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0550298&site=ehost-live&scope=site UR - http://www.tandfonline.com/loi/rhpd20 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Pennington-Cross, Anthony AU - Yezer, Anthony M. AD - US Office of Federal Housing Enterprise Oversight AD - George Washington U T1 - The Federal Housing Administration in the New Millennium JO - Journal of Housing Research JF - Journal of Housing Research Y1 - 2000/// VL - 11 IS - 2 SP - 357 EP - 372 SN - 10527001 N1 - Accession Number: 0579301; Keywords: Lending; Mortgage Market; Mortgage; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200109 N2 - The first challenge in attempting to predict the future of the Federal Housing Administration (FHA) is to understand why it is still here. No other depression-era mortgage-market institution has survived without substantial modification. We conclude that its survival has depended on its ability to invent new purposes for itself. For example, it changed from a replacement for failed private mortgage insurance using economic soundness as an insurance criterion to an innovator in high-risk lending based on an acceptable risk criterion. FHA has developed special programs to serve the needs of specific groups. We believe this pattern of change in purposes also is the key to FHA survival in the new millennium. We review potential future purposes for FHA and find that several--particularly, maintaining mortgage credit flows in declining regional housing markets--will require a substantial FHA presence in mortgage markets. This is important because it implies that a marginalized FHA cannot serve several of the important purposes that it is likely to be asked to serve in the new millennium. Accordingly, we believe that FHA market share will be maintained and perhaps expanded in the new millennium, even with increasing competition from conventional lending. KW - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts H81 KW - Financial Institutions and Services: Government Policy and Regulation G28 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 L3 - http://ares.metapress.com/content/121541/ UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0579301&site=ehost-live&scope=site UR - http://ares.metapress.com/content/121541/ DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Dunsky, Robert M. AU - Follain, James R. T1 - Tax-Induced Portfolio Reshuffling: The Case of the Mortgage Interest Deduction. JO - Real Estate Economics JF - Real Estate Economics Y1 - 2000///Winter2000 VL - 28 IS - 4 M3 - Article SP - 683 EP - 718 PB - Wiley-Blackwell SN - 10808620 AB - Several provisions of the Tax Reform Act of 1986 had an indirect impact upon the demand for home mortgage debt. These include the elimination of the deductibility of interest on consumer credit, the increase in the standard deduction, and the reduction in the number of expenses that can be itemized. These provisions and the 1983-1989 panel sample of the Survey of Consumer Finances provide an opportunity to study the responsiveness of the demand for home mortgage debt to its tax status relative to the tax treatment of equity financed investments in housing and consumer credit. The results are strongly supportive of a highly elastic demand for mortgage debt with respect to its tax price. The best point estimate of this elasticity is -1, but substantial variation is found among certain groups. More generally, the results provide strong support for the phenomenon of portfolio reshuffling. [ABSTRACT FROM AUTHOR] AB - Copyright of Real Estate Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - INVESTMENTS KW - TAXATION -- Law & legislation KW - PERSONAL finance KW - LOANS KW - MORTGAGE loans KW - MORTGAGES KW - CONSUMER credit KW - TAXATION N1 - Accession Number: 4058533; Dunsky, Robert M. 1; Email Address: rmdunsky@ofheo.gov; Follain, James R. 2; Email Address: James.Follain@freddiemac.com; Affiliations: 1: Office of Federal Housing Enterprise Oversight, Washington, DC; 2: Freddie Mac, McLean, VA; Issue Info: Winter2000, Vol. 28 Issue 4, p683; Thesaurus Term: INVESTMENTS; Thesaurus Term: TAXATION -- Law & legislation; Thesaurus Term: PERSONAL finance; Thesaurus Term: LOANS; Thesaurus Term: MORTGAGE loans; Thesaurus Term: MORTGAGES; Thesaurus Term: CONSUMER credit; Thesaurus Term: TAXATION; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 526913 Mortgage funds; NAICS/Industry Codes: 921130 Public Finance Activities; Number of Pages: 36p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=4058533&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Pearl, David J. AD - Office of Federal Housing Enterprise Oversight, Washington, DC T1 - Comment: Secondary and Primary Mortgage Market Interactions JO - Journal of Real Estate Finance and Economics JF - Journal of Real Estate Finance and Economics Y1 - 2001/11// VL - 23 IS - 3 SP - 375 EP - 378 SN - 08955638 N1 - Accession Number: 0595698; Keywords: Mortgage Market; Mortgage; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200202 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Housing Supply and Markets R31 L3 - http://link.springer.com/journal/volumesAndIssues/11146 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0595698&site=ehost-live&scope=site UR - http://link.springer.com/journal/volumesAndIssues/11146 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Pennington-Cross, Anthony AD - US Office of Federal Housing Enterprise Oversight T1 - Subprime Lending in the Primary and Secondary Markets JO - Journal of Housing Research JF - Journal of Housing Research Y1 - 2002/// VL - 13 IS - 1 SP - 31 EP - 50 SN - 10527001 N1 - Accession Number: 0635774; Keywords: Lending; Mortgage Market; Mortgage; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200303 N2 - This article provides an exploratory analysis of the role of subprime lending through an examination of the spatial distribution of Federal Housing Administration (FHA)-eligible home purchase loans in the primary and secondary mortgage markets. Loan originations are aggregated to the metropolitan statistical area level to examine the proportion of the market served by FHA, prime, and subprime lenders. The article then examines whether subprime lenders hold their loans in portfolio or sell them to private conduits. Primary market results indicate that subprime lenders are more active in cities with worse economic risk characteristics. Secondary market results indicate that although subprime lenders sell most loans, they are more likely to hold loans in portfolio when economic risks are improving in historically high-risk locations. Finally, when more loans are originated in underserved census tracts, subprime lenders are much more likely to hold loans in portfolio. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 L3 - http://ares.metapress.com/content/121541/ UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0635774&site=ehost-live&scope=site UR - http://ares.metapress.com/content/121541/ DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Segal, William AD - Federal Housing Finance Board T1 - Segmentation in the Multifamily Mortgage Market: Evidence from the Residential Finance Survey JO - Journal of Housing Research JF - Journal of Housing Research Y1 - 2002/// VL - 13 IS - 2 SP - 175 EP - 198 SN - 10527001 N1 - Accession Number: 0646889; Keywords: Finance; Housing; Mortgage Market; Mortgage; Policy; Residential; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200306 N2 - Rental affordability is the most common housing problem in the United States today (as compared with crowding or physical inadequacy). Because rental units in small (fewer than 50 units), multifamily properties are more likely than units in larger properties to be affordable to lower income families, this sector has received increased policy interest in recent years. This article examines how the mortgage market for small, multifamily properties differs from the mortgage market for larger properties. The article's analysis of the multifamily mortgage market supports the hypothesis that the market is segmented. Small properties are less frequently mortgaged than are larger properties and, when the properties are mortgaged, owners of small properties tend to pay higher interest rates. As compared with larger properties, mortgages for smaller properties are more likely to be held by a depository institution (a proxy for relational financing), and such properties are more likely to have adjustable-rate loans. The author suggests that some type of policy intervention may be needed to reduce the cost and enhance the availability of financing for small multifamily properties, because information costs may limit the effect of market forces in reducing the cost differentials. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Housing Supply and Markets R31 KW - Financial Institutions and Services: Government Policy and Regulation G28 KW - Production Analysis and Firm Location: Government Policy R38 L3 - http://ares.metapress.com/content/121541/ UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0646889&site=ehost-live&scope=site UR - http://ares.metapress.com/content/121541/ DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Ambrose, Brent W. AU - Pennington-Cross, Anthony AU - Yezer, Anthony M. AD - U KY AD - Office of Federal Housing Enterprise Oversight AD - George Washington U T1 - Credit Rationing in the U.S. Mortgage Market: Evidence from Variation in FHA Market Shares JO - Journal of Urban Economics JF - Journal of Urban Economics Y1 - 2002/03// VL - 51 IS - 2 SP - 272 EP - 294 SN - 00941190 N1 - Accession Number: 0609476; Keywords: Credit Rationing; Credit; Mortgage Market; Mortgage; Regional; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200207 N2 - This paper examines the nature of mortgage credit rationing across geographic markets and time. Particular attention is paid to the response of conventional mortgage supply to higher risk conditions associated with regional recessions. We develop a series of four indirect tests based on the spatial variation of the FHA share of mortgages, both endorsements and applications, as well as FHA and conventional rejection rates. Results of these four tests indicate that conventional mortgage underwriting criteria do not become more flexible and may even become more demanding when local economic conditions deteriorate. This result indicates the use of non-price credit rationing in the mortgage market and suggests a special role for FHA-insured mortgages as a mechanism for maintaining mortgage credit supply in declining housing markets. KW - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts H81 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Housing Supply and Markets R31 L3 - http://www.sciencedirect.com/science/journal/00941190 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0609476&site=ehost-live&scope=site UR - http://www.sciencedirect.com/science/journal/00941190 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Maris, Brian A. AU - Segal, William AD - Northern AZ U AD - Federal Housing Finance Board T1 - Analysis of Yield Spreads on Commercial Mortgage-Backed Securities JO - Journal of Real Estate Research JF - Journal of Real Estate Research Y1 - 2002/05//May-June 2002 VL - 23 IS - 3 SP - 235 EP - 251 SN - 08965803 N1 - Accession Number: 0609414; Keywords: Fixed Rate; Mortgage; Securities; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200207 N2 - Yield spreads on commercial mortgage-backed securities (CMBS) are defined as the difference between the yield on CMBS and the yield on comparable-maturity Treasuries. CMBS yield spreads declined dramatically from 1992 until 1997, then increased in 1998 and 1999. The relationship between CMBS yield spreads and other variables is estimated in an effort to explain recent trends. Results identify several variables that are related to yield spreads on both fixed-rate and variable-rate CMBS. However, even after controlling for other observable factors, the yield spread on CMBS still declined from 1992 until 1997, then increased each of the next two years. Possible explanations for this phenomenon are explored. KW - Asset Pricing; Trading Volume; Bond Interest Rates G12 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 L3 - http://ares.metapress.com/content/121546 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0609414&site=ehost-live&scope=site UR - http://ares.metapress.com/content/121546 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Bahmani-Oskooee, Mohsen AU - Chomsisengphet, Souphala AU - Kandil, Magda AD - U WI AD - Office of Federal Housing Enterprise Oversight AD - IMF T1 - Are Devaluations Contractionary in Asia? JO - Journal of Post Keynesian Economics JF - Journal of Post Keynesian Economics Y1 - 2002///Fall VL - 25 IS - 1 SP - 69 EP - 81 SN - 01603477 N1 - Accession Number: 0631196; Keywords: Devaluation; Geographic Descriptors: Asia; Geographic Region: Asia; Publication Type: Journal Article; Update Code: 200301 N2 - The main purpose of this paper is to determine empirically whether currency depreciation is expansionary or contractionary in Asian Countries. It is argued that by disrupting the operation of the financial sector and by introducing uncertainty among consumers and investors, currency deprecation could be contractionary. A reduced form model is introduced and tested by means of cointegration analysis. The results support our theoretical argument that in many of the Asian countries depreciation is contractionary. KW - Foreign Exchange F31 KW - International Linkages to Development; Role of International Organizations O19 L3 - http://mesharpe.metapress.com/openurl.asp?genre=journal&issn=0160-3477 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0631196&site=ehost-live&scope=site UR - http://mesharpe.metapress.com/openurl.asp?genre=journal&issn=0160-3477 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - McKenzie, Joseph A. AD - Federal Housing Finance Board T1 - A Reconsideration of the Jumbo/Non-jumbo Mortgage Rate Differential JO - Journal of Real Estate Finance and Economics JF - Journal of Real Estate Finance and Economics Y1 - 2002/09//September-December 2002 VL - 25 IS - 2-3 SP - 197 EP - 213 SN - 08955638 N1 - Accession Number: 0627512; Keywords: Mortgage; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200211 N2 - Consistent with a series of recent papers, the interest-rate differential between mortgages eligible for purchase based on loan size by Fannie Mae and Freddie Mac and larger loans is estimated to be 22 basis points over the 1986-2000 period. This differential averaged 19 basis points for the 1996-2000 period. Other significant effects include: loans slightly above the conforming loan limit and originated late in a calendar year often have a lower rate that nearly fully anticipates their likely characterization as a non-jumbo loan after the conforming loan limit is indexed effective each January; loan-to-value ratios affect jumbo loan rates much more than they affect non-jumbo loan rates; loans located in non-metropolitan areas have a 3 basis point differential versus loans in metropolitan areas that is surprisingly small given the likely higher cost to service non-metropolitan loans and the higher degree of uncertainty about non-metropolitan collateral values; and estimated regional mortgage rate differentials have narrowed through time. KW - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts H81 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 L3 - http://link.springer.com/journal/volumesAndIssues/11146 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0627512&site=ehost-live&scope=site UR - http://link.springer.com/journal/volumesAndIssues/11146 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Bahmani-Oskooee, M. AU - Chomsisengphet, S. AD - Center for Research on International Econ, U WI, Milwaukee AD - Office of Federal Housing Enterprise Oversight T1 - Stability of M2 Money Demand Function in Industrial Countries JO - Applied Economics JF - Applied Economics Y1 - 2002/11// VL - 34 IS - 16 SP - 2075 EP - 2083 SN - 00036846 N1 - Accession Number: 0632311; Keywords: Money Demand; Money; Geographic Descriptors: MDCs; Switzerland; U.S.; Geographic Region: Europe; Northern America; Publication Type: Journal Article; Update Code: 200302 KW - Demand for Money E41 L3 - http://www.tandfonline.com/loi/raec20 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0632311&site=ehost-live&scope=site UR - http://www.tandfonline.com/loi/raec20 DP - EBSCOhost DB - ecn ER - TY - CHAP AU - Seiler, Robert S., Jr. AD - US Office of Federal Housing Enterprise Oversight A2 - Kaufman, George G. T1 - Market Discipline of Fannie Mae and Freddie Mac: How Do Share Prices and Debt Yield Spreads Respond to New Information? T2 - Market discipline in banking: Theory and evidence PB - Research in Financial Services: Private and Public Policy, vol. 15. PB - Amsterdam; London and New York: PB - Elsevier, JAI Y1 - 2003/// SP - 249 EP - 287 N1 - Accession Number: 0791386; Reviewed Book ISBN: 0-7623-1080-4; ; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 200509 KW - Information and Market Efficiency; Event Studies; Insider Trading G14 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Financial Institutions and Services: Government Policy and Regulation G28 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0791386&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Swamy, P. A. V. B. AU - Tavlas, George S. AU - Lutton, Thomas J. AD - US Bureau of Labor Statistics AD - Bank of Greece, Athens AD - US Office of Federal Housing Enterprise Oversight T1 - An Analysis of Differences in Earnings between Small and Large Commercial Banks JO - Journal of Productivity Analysis JF - Journal of Productivity Analysis Y1 - 2003/07// VL - 20 IS - 1 SP - 97 EP - 114 SN - 0895562X N1 - Accession Number: 0666845; Keywords: Bank; Commercial Banks; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200311 N2 - This paper introduces a simple, yet rich, measure of efficiency changes based on the revenue-generating-ability (RGA) principle. Using this principle, we explain the connections between efficiency changes and the variables, such as pretax profits, interest expense, non-interest expense, profit margins, loan loss provision, and asset quality. These connections are used to explain earnings differences between small and large commercial banks. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Firm Performance: Size, Diversification, and Scope L25 L3 - http://link.springer.com/journal/volumesAndIssues/11123 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0666845&site=ehost-live&scope=site UR - http://link.springer.com/journal/volumesAndIssues/11123 DP - EBSCOhost DB - ecn ER - TY - GEN AU - Falcon, Armando T1 - Funding Crucial to GSE Oversight. JO - National Mortgage News JF - National Mortgage News Y1 - 2003/10/13/ VL - 28 IS - 5 M3 - Excerpt SP - 4 PB - SourceMedia, Inc. SN - 10503331 AB - Presents an excerpt of the speech delivered by Office of Federal Housing Enterprise Oversight director Armando Falcon in the U.S. KW - UNITED States KW - UNITED States. Office of Federal Housing Enterprise Oversight KW - FALCON, Armando N1 - Accession Number: 11109738; Falcon, Armando 1; Affiliations: 1: Director, Office of Federal Housing Enterprise Oversight; Issue Info: 10/13/2003, Vol. 28 Issue 5, p4; Subject: UNITED States ; Company/Entity: UNITED States. Office of Federal Housing Enterprise Oversight; People: FALCON, Armando; Number of Pages: 1/2p; Document Type: Excerpt UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=11109738&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Korsmo, John T1 - GSEs Can't Avoid All Risk. JO - National Mortgage News JF - National Mortgage News Y1 - 2003/11/10/ VL - 28 IS - 9 M3 - Article SP - 4 PB - SourceMedia, Inc. SN - 10503331 AB - Reports on the supervision of government-sponsored public trusts in the U.S. Regulatory structure of Federal National Mortgage Association and Federal Home Loan Mortgage Corp.; Provisions of the Federal Home Loan Bank Act; Principles of supervision for financial institutions. KW - GOVERNMENT-sponsored enterprises KW - MORTGAGE banks KW - UNITED States N1 - Accession Number: 11359104; Korsmo, John 1; Affiliations: 1: Chairman, Federal Housing Finance Board; Issue Info: 11/10/2003, Vol. 28 Issue 9, p4; Thesaurus Term: GOVERNMENT-sponsored enterprises; Thesaurus Term: MORTGAGE banks; Subject: UNITED States; NAICS/Industry Codes: 522299 All other non-depository credit intermediation; NAICS/Industry Codes: 522292 Real Estate Credit; Number of Pages: 1/2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=11359104&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Falcon, Armando T1 - Examining the GSEs. JO - National Mortgage News JF - National Mortgage News Y1 - 2004/02/02/ VL - 28 IS - 19 M3 - Article SP - 4 EP - 4 PB - SourceMedia, Inc. SN - 10503331 AB - Presents the testimony of Armando Falcon, director of the Office of Federal Housing Enterprise Oversight on the special examination of Freedie Mac. Mismanagement of the reported earnings of Freedie Mac; Tension developed between the administrative elements of Freddie Mac; Assessment of financial accounting results. KW - BUSINESS failures KW - MISMANAGEMENT KW - FREDDIE Mac (Company) KW - FALCON, Armando N1 - Accession Number: 12185392; Falcon, Armando 1; Affiliations: 1: Director, Office of Federal Housing Enterprise Oversight; Issue Info: 2/2/2004, Vol. 28 Issue 19, p4; Thesaurus Term: BUSINESS failures; Thesaurus Term: MISMANAGEMENT ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; People: FALCON, Armando; Number of Pages: 1/2p; Illustrations: 1 Color Photograph; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=12185392&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Harter-Dreiman, Michelle AD - US Office of Federal Housing Enterprise Oversight T1 - Drawing Inferences about Housing Supply Elasticity from House Price Responses to Income Shocks JO - Journal of Urban Economics JF - Journal of Urban Economics Y1 - 2004/03// VL - 55 IS - 2 SP - 316 EP - 337 SN - 00941190 N1 - Accession Number: 0728742; Keywords: Housing; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200405 N2 - The purpose of this paper is to provide information about the price elasticity of the supply of housing. I examine the relationship between the average price of single-family housing and the amount of personal income. A two-equation vector error correction system is estimated using a panel data set consisting of 76 MSAs from 1980 to 1998. The results suggest an elastic long-run supply function but a relatively slow pace of adjustment to long-run equilibrium. Hence a major demand shock can be expected to impact housing prices for several years following the shock. Differences in the responsiveness among subgroups of MSAs are examined and found to be generally minor. KW - Housing Supply and Markets R31 L3 - http://www.sciencedirect.com/science/journal/00941190 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0728742&site=ehost-live&scope=site UR - http://dx.doi.org/10.1016/j.jue.2003.10.002 UR - http://www.sciencedirect.com/science/journal/00941190 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Dreiman, Michelle H. AU - Pennington-Cross, Anthony AD - US Office of Federal Housing Enterprise Oversight AD - US Office of Federal Housing Enterprise Oversight T1 - Alternative Methods of Increasing the Precision of Weighted Repeat Sales House Prices Indices JO - Journal of Real Estate Finance and Economics JF - Journal of Real Estate Finance and Economics Y1 - 2004/05// VL - 28 IS - 4 SP - 299 EP - 317 SN - 08955638 N1 - Accession Number: 0731764; Keywords: Indice; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200406 KW - Index Numbers and Aggregation; Leading indicators C43 KW - Housing Supply and Markets R31 L3 - http://link.springer.com/journal/volumesAndIssues/11146 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0731764&site=ehost-live&scope=site UR - http://dx.doi.org/10.1023/B:REAL.0000018784.25879.1f UR - http://link.springer.com/journal/volumesAndIssues/11146 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Castaneda, Alicia T1 - SEC Registration Gets Underway. JO - National Mortgage News JF - National Mortgage News Y1 - 2004/07/26/ VL - 28 IS - 43 M3 - Article SP - 4 EP - 4 PB - SourceMedia, Inc. SN - 10503331 AB - Presents an excerpt of the testimony of U.S. Federal Housing Finance Board chairwoman Alicia Castaneda before the House Financial Services Committee. Requirement for the Home Loan Banks to register with the Securities and Exchange Commission under the Securities Exchange Act of 1934; Need for investors to know more about the risks faced by the financial institutions; Responsibility of the Board to ensure that the Federal Home Loan Banks operate in a financially safe and sound manner. KW - WOMEN government executives KW - FEDERAL home loan banks KW - CAPITALISTS & financiers KW - WITNESSES KW - UNITED States KW - UNITED States. Federal Housing Finance Board KW - UNITED States. Congress. House. Committee on Financial Services KW - UNITED States. Securities & Exchange Commission KW - CASTANEDA, Alicia N1 - Accession Number: 13922734; Castaneda, Alicia 1; Affiliations: 1: Chairman, Federal Housing Finance Board; Issue Info: 7/26/2004, Vol. 28 Issue 43, p4; Thesaurus Term: WOMEN government executives; Thesaurus Term: FEDERAL home loan banks; Thesaurus Term: CAPITALISTS & financiers; Subject Term: WITNESSES; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Board ; Company/Entity: UNITED States. Congress. House. Committee on Financial Services ; Company/Entity: UNITED States. Securities & Exchange Commission; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; NAICS/Industry Codes: 926150 Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors; People: CASTANEDA, Alicia; Number of Pages: 1/2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=13922734&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - GEN AU - Castaneda, Alicia T1 - Disclosure Helps FHLB System. JO - National Mortgage News JF - National Mortgage News Y1 - 2004/10/04/ VL - 29 IS - 3 M3 - Excerpt SP - 4 EP - 4 PB - SourceMedia, Inc. SN - 10503331 AB - Presents the excerpts of Federal Housing Finance Board chairman Alicia Castaneda's speech during a Federal Home Loan Bank forum sponsored by several financial services trade groups in Washington. KW - FEDERAL home loan banks KW - WASHINGTON (State) KW - UNITED States KW - CASTANEDA, Alicia N1 - Accession Number: 14613770; Castaneda, Alicia 1; Affiliations: 1: Chairman, Federal Housing Finance Board; Issue Info: 10/4/2004, Vol. 29 Issue 3, p4; Thesaurus Term: FEDERAL home loan banks; Subject: WASHINGTON (State); Subject: UNITED States; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; People: CASTANEDA, Alicia; Number of Pages: 1/2p; Document Type: Excerpt UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=14613770&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - CHAP AU - Pennington-Cross, Anthony AD - Office of Federal Housing Enterprise Oversight, Washington, DC A2 - Bank for International Settlements T1 - Aggregation Bias and the Repeat Sales Price Index T2 - Real Estate Indicators and Financial Stability: Proceedings of a Joint Conference Organised by the BIS and the IMF in Washington, D.C., 27-28 October 2003 PB - BIS Papers, no. 21. PB - Basel: PB - Author Y1 - 2005/// SP - 323 EP - 335 N1 - Accession Number: 0865472; Reviewed Book ISBN: 92-9131-678-4; ; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Collective Volume Article; Update Code: 200609 KW - Housing Supply and Markets R31 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0865472&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - GEN AU - Blumenthal, Stephen T1 - Regulating Fannie and Freddie. JO - National Mortgage News JF - National Mortgage News Y1 - 2005/12/05/ VL - 30 IS - 10 M3 - Speech SP - 4 EP - 4 PB - SourceMedia, Inc. SN - 10503331 AB - The article presents Stephen Blumenthal's address at the Second Annual Global Bond Summit in Hong Kong, China. After the Federal Home Loan Mortgage Corporation accounting scandal in the summer of 2003, efforts were made to reorganize the Office of Federal Housing Enterprise Oversight (OFHEO) Office of Examinations and the examination functions of the agency. The examination staff was doubled in size, with OFHEO recruiting senior people from the bank regulators. The structure was changed to its foundations and the agency was rebuilt. OFHEO strove to be the most aggressive regulator in the U.S. government. KW - BANKING industry -- United States KW - HONG Kong (China) KW - CHINA KW - UNITED States. Office of Federal Housing Enterprise Oversight KW - FREDDIE Mac (Company) KW - BLUMENTHAL, Stephen N1 - Accession Number: 19217705; Blumenthal, Stephen 1; Affiliations: 1: Acting. Director, Office of Federal Housing Enterprise Oversight.; Issue Info: 12/5/2005, Vol. 30 Issue 10, p4; Thesaurus Term: BANKING industry -- United States; Subject: HONG Kong (China); Subject: CHINA ; Company/Entity: UNITED States. Office of Federal Housing Enterprise Oversight ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; People: BLUMENTHAL, Stephen; Number of Pages: 1/2p; Document Type: Speech UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=19217705&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - CHAP AU - Rozek, Richard P. AU - Korenko, George G. AD - NERA Economic Consulting, Washington, DC AD - US Federal Housing Finance Board A2 - Pugatch, Meir Perez T1 - What Is an Idea Worth? T2 - The Intellectual Property Debate: Perspectives from Law, Economics and Political Economy PB - New Horizons in Intellectual Property. PB - Cheltenham, U.K. and Northampton, Mass.: PB - Elgar Y1 - 2006/// SP - 81 EP - 102 N1 - Accession Number: 0951853; Reviewed Book ISBN: 978-1-84542-038-3; ; Publication Type: Collective Volume Article; Update Code: 200802 KW - Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies G24 KW - Capital Budgeting; Fixed Investment and Inventory Studies; Capacity G31 KW - Property Law K11 KW - Accounting M41 KW - Intellectual Property and Intellectual Capital O34 KW - Technological Change: Government Policy O38 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0951853&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - GEN AU - Rosenfeld, Ronald T1 - FHLBanks Need Strong Oversight. JO - National Mortgage News JF - National Mortgage News Y1 - 2006/09/18/ VL - 30 IS - 49 M3 - Excerpt SP - 4 EP - 36 PB - SourceMedia, Inc. SN - 10503331 AB - An excerpt from Ronald Rosenfeld, chairman of Federal Housing Finance Board, about his testimony before the House Subcommittee on Government Sponsored Enterprise during an Open Forum is presented. KW - GOVERNMENT-sponsored enterprises KW - ROSENFELD, Ronald N1 - Accession Number: 22434177; Rosenfeld, Ronald 1; Affiliations: 1: Federal Housing Finance Board; Issue Info: 9/18/2006, Vol. 30 Issue 49, p4; Thesaurus Term: GOVERNMENT-sponsored enterprises; People: ROSENFELD, Ronald; Number of Pages: 2p; Document Type: Excerpt UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=22434177&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - NEWS AU - Lockhart, James T1 - The Urgency of GSE Reform. JO - National Mortgage News JF - National Mortgage News Y1 - 2006/09/25/ VL - 30 IS - 50 M3 - Editorial SP - 4 EP - 15 PB - SourceMedia, Inc. SN - 10503331 AB - The author reflects on the urgency of the government-sponsored enterprises reform in the U.S. The author has stressed about the significant remedial actions needed to take for Fannie Mae and Federal Home Loan Mortgage Corp. He added that the key areas that need significant remedial attention, include accounting systems, internal controls, risk management, human resources, corporate governance and rapid portfolio growth. KW - GOVERNMENT-sponsored enterprises KW - GOVERNMENT business enterprises KW - CORPORATE governance KW - UNITED States KW - FREDDIE Mac (Company) N1 - Accession Number: 22533729; Lockhart, James 1; Affiliations: 1: Director, Office of Federal Housing Enterprise Oversight; Issue Info: 9/25/2006, Vol. 30 Issue 50, p4; Thesaurus Term: GOVERNMENT-sponsored enterprises; Thesaurus Term: GOVERNMENT business enterprises; Thesaurus Term: CORPORATE governance; Subject: UNITED States ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; Number of Pages: 2p; Document Type: Editorial UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=22533729&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Bacino, Geoff T1 - Home Loan Banks Don't Fit Yoke of Fannie, Freddie. JO - American Banker JF - American Banker Y1 - 2007/02/09/ VL - 172 IS - 28 M3 - Article SP - 11 EP - 11 PB - SourceMedia, Inc. SN - 00027561 AB - This article discusses a U.S. Congressional bill that would combine Fannie Mae, Freddie Mac, and the Federal Housing Finance Board under a single regulator. This regulator would succeed the Office of Federal Housing Enterprise Oversight. In 2006, Congress adjourned without acting on the bill. House of Financial Services Committee Chairman Barney Frank has expressed a desire to reintroduce the bill in 2007. KW - REAL property -- Finance KW - MORTGAGE loans KW - GOVERNMENT policy KW - LEGISLATIVE bills KW - LEGISLATORS -- United States KW - UNITED States. Congress KW - FANNIE Mae KW - FREDDIE Mac (Company) KW - FRANK, Barney, 1940- N1 - Accession Number: 23960945; Bacino, Geoff 1; Affiliations: 1: Director, Federal Housing Finance Board; Issue Info: 2/9/2007, Vol. 172 Issue 28, p11; Thesaurus Term: REAL property -- Finance; Thesaurus Term: MORTGAGE loans; Thesaurus Term: GOVERNMENT policy; Subject Term: LEGISLATIVE bills; Subject Term: LEGISLATORS -- United States ; Company/Entity: UNITED States. Congress ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 921120 Legislative Bodies; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 531210 Offices of Real Estate Agents and Brokers; NAICS/Industry Codes: 531190 Lessors of Other Real Estate Property; People: FRANK, Barney, 1940-; Number of Pages: 2/5p; Illustrations: 1 Color Photograph; Document Type: Article; Full Text Word Count: 589 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=23960945&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - GEN AU - Lockhart III, James B. T1 - Housing, Subprime and Government Reform. JO - Vital Speeches of the Day JF - Vital Speeches of the Day Y1 - 2007/10// VL - 73 IS - 10 M3 - Speech SP - 440 EP - 443 PB - Pro Rhetoric, LLC SN - 0042742X AB - The article presents a speech by James B. Lockhart III, director of the Office of Federal Housing Enterprise Oversight (OFHEO), delivered to the Exchequer Club of Washington, D.C. on July 18, 2007, in which he discusses the regulatory reforms needed for the government-backed mortgage lenders Fannie Mae and Freddie Mac. KW - LOCKHART, James B. N1 - Accession Number: 26754636; Lockhart III, James B. 1; Affiliation: 1: Director, Office of Federal Housing Enterprise Oversight (OFHEO), Exchequer Club of Washington, Washington, D.C., July 18, 2007; Source Info: Oct2007, Vol. 73 Issue 10, p440; People: LOCKHART, James B.; Number of Pages: 4p; Document Type: Speech; Full Text Word Count: 2852 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=26754636&site=ehost-live&scope=site DP - EBSCOhost DB - aph ER - TY - JOUR AU - Dunsky, Robert M. AU - Ho, Thomas S. Y. T1 - Valuing Fixed Rate Mortgage Loans with Default and Prepayment Options. JO - CFA Digest JF - CFA Digest Y1 - 2007/11// VL - 37 IS - 4 M3 - Article SP - 25 EP - 26 SN - 00469777 AB - The article focuses on the multinominal logit (MNL) model developed by the authors for the valuation of mortgage loans. Such model is a default-prepayment model for valuation of mortgage loans on the balance sheets of banks. However, the MNL model with two outcomes provides a convenient method for dealing with prepayment and default risk. Moreover, the author use the estimated MNL model to determine the valuation of a mortgage loan at origination. KW - MORTGAGE loans KW - MORTGAGE loan servicing KW - FINANCIAL statements KW - PREPAYMENT of debts KW - FINANCIAL management KW - Debt Investments: asset-backed securities (including mortgage-backed securities) KW - Debt Investments: bonds with embedded options KW - Derivative Instruments: debt derivatives N1 - Accession Number: 27491165; Dunsky, Robert M. 1; Ho, Thomas S. Y. 2; Affiliations: 1: U.S. Office of Federal Housing Enterprise Oversight; 2: Thomas Ho Company, Ltd.; Issue Info: Nov2007, Vol. 37 Issue 4, p25; Thesaurus Term: MORTGAGE loans; Thesaurus Term: MORTGAGE loan servicing; Thesaurus Term: FINANCIAL statements; Thesaurus Term: PREPAYMENT of debts; Thesaurus Term: FINANCIAL management; Author-Supplied Keyword: Debt Investments: asset-backed securities (including mortgage-backed securities); Author-Supplied Keyword: Debt Investments: bonds with embedded options; Author-Supplied Keyword: Derivative Instruments: debt derivatives; NAICS/Industry Codes: 531390 Other Activities Related to Real Estate; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 523920 Portfolio Management; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=27491165&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - NEWS AU - Bacino, Geoff T1 - The FHLB System Isn't Broken -- Don't Try to Fix It. JO - American Banker JF - American Banker Y1 - 2007/11/02/ VL - 172 IS - 212 M3 - Editorial SP - 11 EP - 11 PB - SourceMedia, Inc. SN - 00027561 AB - The article offers commentary regarding the Federal Home Loan Bank System, which is celebrating its 75th year in 2007. The author reflects on the role of the Home Loan banks throughout the recent financial crisis involving the U.S. housing and mortgage markets. It is the author's view that the Federal Home Loan Bank System is doing exactly what it was created to do, and thus no new regulatory structures are needed to govern or change it. KW - FEDERAL home loan banks KW - BANKING industry -- United States KW - FINANCIAL crises KW - UNITED States KW - UNITED States. Federal Home Loan Bank Board N1 - Accession Number: 27391888; Bacino, Geoff 1; Affiliations: 1: Member, Federal Housing Finance Board.; Issue Info: 11/2/2007, Vol. 172 Issue 212, p11; Thesaurus Term: FEDERAL home loan banks; Thesaurus Term: BANKING industry -- United States; Thesaurus Term: FINANCIAL crises; Subject: UNITED States ; Company/Entity: UNITED States. Federal Home Loan Bank Board; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; Number of Pages: 2/5p; Document Type: Editorial; Full Text Word Count: 648 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=27391888&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Kelly, Austin AD - Federal Housing Finance Agency, Washington, DC T1 - 'Skin in the Game': Zero Downpayment Mortgage Default JO - Journal of Housing Research JF - Journal of Housing Research Y1 - 2008/// VL - 17 IS - 2 SP - 75 EP - 99 SN - 10527001 N1 - Accession Number: 1039015; Keywords: Mortgage; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200905 N2 - This paper extends the analysis of mortgage default to include mortgages that require no downpayment from the purchaser. The results indicate that borrowers who provide even modest downpayments from their own resources have substantially lower default propensities than do borrowers whose downpayments come from relatives, government agencies, or nonprofits. Borrowers with downpayments from seller-funded nonprofits, who make no downpayment at all, have the highest default rates. Eliminating FHA's 3% downpayment causes default to rise far beyond the simple effect of a 3% change in equity. KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Housing Supply and Markets R31 L3 - http://ares.metapress.com/content/121541/ UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1039015&site=ehost-live&scope=site UR - http://ares.metapress.com/content/121541/ DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Wang, Changyun AU - Zhang, Wei AU - Tan, Weng Kit AD - Renmin U China AD - Office of Federal Housing Enterprise Oversight, Washington, DC AD - National U Singapore T1 - American Futures Options Arbitrage: Evidence from the Nikkei 225 Options Market JO - Quantitative Finance JF - Quantitative Finance Y1 - 2008/04// VL - 8 IS - 3 SP - 313 EP - 320 SN - 14697688 N1 - Accession Number: 0969466; Keywords: Arbitrage; Options; Geographic Descriptors: Japan; Geographic Region: Asia; Publication Type: Journal Article; Update Code: 200805 N2 - Previous studies have examined the profitability of European index options arbitrage. This paper adds to the literature by investigating the arbitrage profitability of American index options--the Nikkei 225 index futures options traded on the Singapore Stock Exchange (SGX). Using the real-time bid-ask prices, we find evidence of profitable arbitrage opportunities, while the frequency of observations violating no-arbitrage bounds and the magnitude of arbitrage profits decrease with the level of transaction costs. Our results have implications for the analysis of American options market efficiency. Failure to use bid-ask prices may lead to biased conclusions. KW - Contingent Pricing; Futures Pricing; option pricing G13 L3 - http://www.tandfonline.com/loi/rquf20 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0969466&site=ehost-live&scope=site UR - http://www.tandfonline.com/loi/rquf20 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Changyun Wang AU - Wei Zhang AU - Weng Kit Tan T1 - American futures options arbitrage: evidence from the Nikkei 225 options market. JO - Quantitative Finance JF - Quantitative Finance Y1 - 2008/04// VL - 8 IS - 3 M3 - Article SP - 313 EP - 320 SN - 14697688 AB - Previous studies have examined the profitability of European index options arbitrage. This paper adds to the literature by investigating the arbitrage profitability of American index options - the Nikkei 225 index futures options traded on the Singapore Stock Exchange (SGX). Using the real-time bid-ask prices, we find evidence of profitable arbitrage opportunities, while the frequency of observations violating no-arbitrage bounds and the magnitude of arbitrage profits decrease with the level of transaction costs. Our results have implications for the analysis of American options market efficiency. Failure to use bid-ask prices may lead to biased conclusions. [ABSTRACT FROM AUTHOR] AB - Copyright of Quantitative Finance is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - FINANCIAL performance KW - QUANTITATIVE research KW - EFFICIENT market theory KW - STOCK exchanges KW - PROFITABILITY KW - ARBITRAGE KW - TRANSACTION costs KW - SECURITIES markets KW - UNITED States KW - Arbitrage profitability KW - Bid-ask price KW - Futures options KW - Nikkei 225 index futures N1 - Accession Number: 31474670; Changyun Wang 1; Email Address: wangcy@sfruc.edu.cn; Wei Zhang 2; Weng Kit Tan 3; Affiliations: 1: School of Finance, Renmin University of China, Haidian District, Beijing, 100872, P.R. China; 2: Department of Research and Model Development, Office of Federal Housing Enterprise Oversight, Washington, DC, 20552, USA; 3: Department of Economics, National University of Singapore, Republic of Singapore; Issue Info: Apr2008, Vol. 8 Issue 3, p313; Thesaurus Term: FINANCIAL performance; Thesaurus Term: QUANTITATIVE research; Thesaurus Term: EFFICIENT market theory; Thesaurus Term: STOCK exchanges; Thesaurus Term: PROFITABILITY; Thesaurus Term: ARBITRAGE; Thesaurus Term: TRANSACTION costs; Thesaurus Term: SECURITIES markets; Subject: UNITED States; Author-Supplied Keyword: Arbitrage profitability; Author-Supplied Keyword: Bid-ask price; Author-Supplied Keyword: Futures options; Author-Supplied Keyword: Nikkei 225 index futures; NAICS/Industry Codes: 523210 Securities and Commodity Exchanges; NAICS/Industry Codes: 523110 Investment Banking and Securities Dealing; Number of Pages: 8p; Illustrations: 6 Charts; Document Type: Article L3 - 10.1080/14697680701400671 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=31474670&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - NEWS AU - Mendelowitz, Allan I. AU - Koch, John D. T1 - Fixing Housing Supply And Demand. JO - American Banker JF - American Banker Y1 - 2008/04/18/ VL - 173 IS - 75 M3 - Editorial SP - 11 EP - 11 PB - SourceMedia, Inc. SN - 00027561 AB - The author reflects on the causes on the housing crisis in the U.S. According to the article, the deflation which has occurred in the country's housing prices has occurred due to foreclosures and construction which has left too many houses on the market. The author's opinions regarding the impact which lower interest rates will have on the housing market are expressed. KW - HOUSING market KW - HOME prices KW - HOUSE construction KW - RESIDENTIAL real estate N1 - Accession Number: 31746673; Mendelowitz, Allan I. 1; Koch, John D. 2; Affiliations: 1: Director, Federal Housing Finance Board; 2: Chairman, CEO, Ion Capital Inc.; Issue Info: 4/18/2008, Vol. 173 Issue 75, p11; Thesaurus Term: HOUSING market; Thesaurus Term: HOME prices; Thesaurus Term: HOUSE construction; Thesaurus Term: RESIDENTIAL real estate; NAICS/Industry Codes: 236110 Residential building construction; NAICS/Industry Codes: 236115 New Single-Family Housing Construction (except For-Sale Builders); NAICS/Industry Codes: 236117 New Housing For-Sale Builders; NAICS/Industry Codes: 531311 Residential Property Managers; NAICS/Industry Codes: 531110 Lessors of Residential Buildings and Dwellings; Number of Pages: 3/5p; Document Type: Editorial; Full Text Word Count: 1036 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=31746673&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - NEWS AU - Mendelowitz, Allan I. T1 - Weighing Systemic Risk, Moral Hazard. JO - American Banker JF - American Banker Y1 - 2008/07/11/ VL - 173 IS - 133 M3 - Editorial SP - 11 EP - 11 PB - SourceMedia, Inc. SN - 00027561 AB - The author presents his opinions on whether the moral hazard presented by Bear Stearns in 2008 outweighed the systemic risk of its potential failure. He defines moral hazard as the potential for recklessness when consequences for poor decisions are removed, and says that although Bear Stearns was guilty of moral hazard, its failure could have led to another Great Depression. He argues that the best deterrent against future moral hazard is tighter federal regulation. KW - MORAL hazard KW - RISK management in business KW - BUSINESS cycles KW - DEPRESSIONS (Economics) KW - BEAR Stearns & Co. Inc. -- Finance N1 - Accession Number: 33183291; Mendelowitz, Allan I. 1; Affiliations: 1: Member, board of directors, Federal Housing Finance Board; Issue Info: 7/11/2008, Vol. 173 Issue 133, p11; Thesaurus Term: MORAL hazard; Thesaurus Term: RISK management in business; Thesaurus Term: BUSINESS cycles; Thesaurus Term: DEPRESSIONS (Economics) ; Company/Entity: BEAR Stearns & Co. Inc. -- Finance; Number of Pages: 2/3p; Illustrations: 1 Color Photograph; Document Type: Editorial; Full Text Word Count: 926 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=33183291&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Good, David H. AU - Sickles, Robin C. AU - Weiher, Jesse C. T1 - A HEDONIC PRICE INDEX FOR AIRLINE TRAVEL. JO - Review of Income & Wealth JF - Review of Income & Wealth Y1 - 2008/09// VL - 54 IS - 3 M3 - Article SP - 438 EP - 465 PB - Wiley-Blackwell SN - 00346586 AB - Our research takes an exhaustive approach to measurement issues in price index construction for the BLS airfare index. We pursue a number of the objectives for dealing with the biases that the 1997 CPI Commission recommended and detail a protocol for data collection and analysis that can be replicated and can be enhanced by availability of additional data sources. We find an upward bias in the BLS airfare index over the period considered. However, because of issues of practicality and implementability of the methods we utilize in our analysis, the goals of the Commission recommendations remain illusive and problematic in being more broadly applied to other components of the CPI. [ABSTRACT FROM AUTHOR] AB - Copyright of Review of Income & Wealth is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - INDUSTRIAL statistics KW - PRICE indexes KW - RESEARCH KW - MANAGEMENT science KW - ECONOMIC indicators KW - AIR travel KW - AIRLINE industry -- Rates KW - COST & standard of living KW - CONSUMER price indexes KW - GOAL (Psychology) KW - SOCIAL aspects KW - HEDONISTIC consumption KW - PREJUDICES KW - TRAVEL N1 - Accession Number: 33461384; Good, David H. 1; Sickles, Robin C.; Weiher, Jesse C. 2; Affiliations: 1: Indiana University; 2: Office of Federal Housing Enterprise Oversight, Washington DC; Issue Info: Sep2008, Vol. 54 Issue 3, p438; Thesaurus Term: INDUSTRIAL statistics; Thesaurus Term: PRICE indexes; Thesaurus Term: RESEARCH; Thesaurus Term: MANAGEMENT science; Thesaurus Term: ECONOMIC indicators; Thesaurus Term: AIR travel; Thesaurus Term: AIRLINE industry -- Rates; Thesaurus Term: COST & standard of living; Thesaurus Term: CONSUMER price indexes; Subject Term: GOAL (Psychology); Subject Term: SOCIAL aspects; Subject Term: HEDONISTIC consumption; Subject Term: PREJUDICES; Subject Term: TRAVEL; NAICS/Industry Codes: 481211 Nonscheduled Chartered Passenger Air Transportation; NAICS/Industry Codes: 481111 Scheduled Passenger Air Transportation; NAICS/Industry Codes: 481110 Scheduled air transportation; Number of Pages: 28p; Illustrations: 4 Charts, 10 Graphs; Document Type: Article L3 - 10.1111/j.1475-4991.2008.00282.x UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=33461384&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - NEWS AU - Cox, Christopher T1 - We Need a Bailout Exit Strategy. JO - Wall Street Journal - Eastern Edition JF - Wall Street Journal - Eastern Edition Y1 - 2008/12/11/ VL - 252 IS - 138 M3 - Editorial SP - A19 SN - 00999660 AB - The author contends the need for the U.S. to have bailout strategies for failing companies without hindering the individual freedom of private firms as this is important for the U.S. to economically succeed. The author says that bailouts of distressed companies must be looked upon as only temporary and that federal actions in the last few months ending 2008 must be self-liquidating. He however emphasizes that the relation between government and business as regulator and regulated must be maintained. KW - INTERNATIONAL economic assistance KW - BAILOUTS (Finance) KW - BUSINESS failures KW - INDUSTRIAL policy KW - ECONOMIC policy KW - UNITED States N1 - Accession Number: 35807797; Cox, Christopher 1,2; Affiliation: 1: Chairman, Securities and Exchange Commission 2: Member, Oversight Boards, Federal Housing Finance Agency (FHFA) and the Troubled Assets Relief Program (TARP); Source Info: 12/11/2008, Vol. 252 Issue 138, pA19; Subject Term: INTERNATIONAL economic assistance; Subject Term: BAILOUTS (Finance); Subject Term: BUSINESS failures; Subject Term: INDUSTRIAL policy; Subject Term: ECONOMIC policy; Subject Term: UNITED States; NAICS/Industry Codes: 928120 International Affairs; NAICS/Industry Codes: 926110 Administration of General Economic Programs; NAICS/Industry Codes: 911420 International assistance; Number of Pages: 0p; Illustrations: 1 Cartoon or Caricature; Document Type: Editorial UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=35807797&site=ehost-live&scope=site DP - EBSCOhost DB - aph ER - TY - NEWS AU - Mendelowitz, Allan I. T1 - Guaranteed Way to Spur Housing Demand. JO - American Banker JF - American Banker Y1 - 2008/12/19/ VL - 173 IS - 244 M3 - Editorial SP - 10 EP - 10 PB - SourceMedia, Inc. SN - 00027561 AB - The author reflects on the U.S. housing market and how it can be fixed. He feels that the administration of U.S. President George W. Bush has been active in trying to fix the housing problem but have paid most attention to the modification of loans rather than raising the demand for housing while eliminating the excess supply. He believes a tax credit given for house purchases could increase demand. KW - HOUSING KW - LOANS KW - TAX credits KW - UNITED States -- Economic conditions -- 2001-2009 KW - UNITED States N1 - Accession Number: 35855868; Mendelowitz, Allan I. 1; Affiliations: 1: Director of the Federal Housing Finance Board; Issue Info: 12/19/2008, Vol. 173 Issue 244, p10; Thesaurus Term: HOUSING; Thesaurus Term: LOANS; Thesaurus Term: TAX credits; Subject Term: UNITED States -- Economic conditions -- 2001-2009; Subject: UNITED States; NAICS/Industry Codes: 522291 Consumer Lending; Number of Pages: 3/5p; Document Type: Editorial; Full Text Word Count: 850 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=35855868&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - NEWS AU - Lockhart, James T1 - Stop the Downward Spiral. JO - National Mortgage News JF - National Mortgage News Y1 - 2009/01/12/ VL - 33 IS - 15 M3 - Editorial SP - 4 EP - 4 PB - SourceMedia, Inc. SN - 10503331 AB - The author points out the impact of the new streamlined loan modification program. He maintains that such program greatly reduces preventable foreclosures in getting struggling homeowners into mortgages that they can afford. It also targets the highest risk borrower who missed three payments or more and creates a fast-track method on an affordable monthly payment for troubled borrowers. KW - LOAN servicing KW - LOAN portfolio management KW - AMORTIZATION KW - HOMEOWNERS -- Legal status, laws, etc. N1 - Accession Number: 36180483; Lockhart, James 1; Affiliations: 1: Director, Federal Housing Finance Agency; Issue Info: 1/12/2009, Vol. 33 Issue 15, p4; Thesaurus Term: LOAN servicing; Thesaurus Term: LOAN portfolio management; Thesaurus Term: AMORTIZATION; Subject Term: HOMEOWNERS -- Legal status, laws, etc.; NAICS/Industry Codes: 522390 Other Activities Related to Credit Intermediation; Number of Pages: 1/2p; Document Type: Editorial UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=36180483&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Shaffer, Sherrill AU - Collender, Robert N. AD - U WY and Australian National U AD - Office of Federal Housing Enterprise Oversight, Washington, DC T1 - Federal Credit Programs and Local Economic Performance JO - Economic Development Quarterly JF - Economic Development Quarterly Y1 - 2009/02// VL - 23 IS - 1 SP - 28 EP - 43 SN - 08912424 N1 - Accession Number: 1019595; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200903 N2 - Several theories of externalities and asymmetric information suggest a positive role for government programs to assist credit markets, though potential distortions by special interests carry attendant dangers. The authors examine the empirical association between funding by several federal government programs and subsequent economic performance, measured six ways, for U.S. metropolitan areas during the 1990s. Significant differences are found across programs and performance measures. Observed trade-offs suggest a need to compare policy objectives with acceptable costs in many cases. Overall, the results are consistent with theoretical predictions and with some standard policy objectives. KW - State and Local Taxation, Subsidies, and Revenue H71 KW - State and Local Budget and Expenditures H72 KW - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes R11 L3 - http://edq.sagepub.com/content/by/year UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1019595&site=ehost-live&scope=site UR - http://edq.sagepub.com/content/by/year DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Mendelowitz, Allan I. AU - Liechty, John C. T1 - Financial Regulators Need Better data. JO - American Banker JF - American Banker Y1 - 2009/03/25/ VL - 174 IS - 57 M3 - Opinion SP - 9 EP - 9 PB - SourceMedia, Inc. SN - 00027561 AB - This opinion piece describes the inadequacies associated with the management of financial regulations in the U.S. The collapse of the investment bank Lehman Brothers and the exposure of financial institutions around the world to systemic risk because of credit derivatives is noted. The author believes that increased transparency by financial institutions could improve the management of systemic risk. KW - FINANCIAL risk management KW - SECURITIES industry KW - GOVERNMENT policy KW - CREDIT derivatives KW - FINANCIAL institutions -- Law & legislation KW - UNITED States N1 - Accession Number: 37215861; Mendelowitz, Allan I. 1; Liechty, John C. 2; Affiliations: 1: director, Federal Housing Finance Board; 2: associate professor of marketing and statistics, Penn State University; Issue Info: 3/25/2009, Vol. 174 Issue 57, p9; Thesaurus Term: FINANCIAL risk management; Thesaurus Term: SECURITIES industry; Thesaurus Term: GOVERNMENT policy; Thesaurus Term: CREDIT derivatives; Thesaurus Term: FINANCIAL institutions -- Law & legislation; Subject: UNITED States; NAICS/Industry Codes: 523120 Securities Brokerage; NAICS/Industry Codes: 523110 Investment Banking and Securities Dealing; Number of Pages: 1/2p; Document Type: Opinion; Full Text Word Count: 781 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=37215861&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Flood, Mark D. T1 - Embracing change: financial informatics and risk analytics. JO - Quantitative Finance JF - Quantitative Finance Y1 - 2009/04// VL - 9 IS - 3 M3 - Article SP - 243 EP - 256 SN - 14697688 AB - We present an enterprise design pattern for managing metadata in support of financial analytics packages. The complexity of financial modelling typically requires deployment of multiple financial analytics packages, drawing data from multiple source systems. Business domain experts are typically needed to understand the data requirements of these packages. Financial product innovation and research advances imply that data requirements are chronically unstable. These forces of complexity and instability motivate a software architecture that exposes financial metadata declaratively, thus allowing on-the-fly metadata modifications by domain experts, without provoking a costly design-develop-test-deploy life cycle. [ABSTRACT FROM AUTHOR] AB - Copyright of Quantitative Finance is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - COMPUTER science KW - FINANCE KW - SECURITIES markets KW - COMPUTER network resources KW - METADATA KW - SOFTWARE architecture KW - DEPLOYMENT (Military strategy) KW - Financial informatics KW - Metadata KW - Model risk KW - Ontology KW - Risk management KW - Terms and conditions database N1 - Accession Number: 37598221; Flood, Mark D. 1; Email Address: Mark.Flood@fhfa.gov; Affiliations: 1: Senior Financial Economist, US Federal Housing Finance Agency; Issue Info: Apr2009, Vol. 9 Issue 3, p243; Thesaurus Term: COMPUTER science; Thesaurus Term: FINANCE; Thesaurus Term: SECURITIES markets; Subject Term: COMPUTER network resources; Subject Term: METADATA; Subject Term: SOFTWARE architecture; Subject Term: DEPLOYMENT (Military strategy); Author-Supplied Keyword: Financial informatics; Author-Supplied Keyword: Metadata; Author-Supplied Keyword: Model risk; Author-Supplied Keyword: Ontology; Author-Supplied Keyword: Risk management; Author-Supplied Keyword: Terms and conditions database; NAICS/Industry Codes: 541712 Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology); NAICS/Industry Codes: 541710 Research and development in the physical, engineering and life sciences; NAICS/Industry Codes: 523210 Securities and Commodity Exchanges; NAICS/Industry Codes: 523110 Investment Banking and Securities Dealing; NAICS/Industry Codes: 541514 Computer systems design and related services (except video game design and development); Number of Pages: 14p; Illustrations: 2 Color Photographs, 6 Diagrams, 1 Chart, 1 Graph; Document Type: Article L3 - 10.1080/14697680802366037 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=37598221&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - GEN AU - Lockhart, James T1 - The Present and Future of the GSEs. JO - National Mortgage News JF - National Mortgage News Y1 - 2009/06/22/ VL - 33 IS - 38 M3 - Excerpt SP - 4 EP - 15 PB - SourceMedia, Inc. SN - 10503331 AB - An excerpt from the statement of James Lockhart, director at the U.S. Federal Housing Finance Agency, is presented. KW - LITERARY excerpts KW - LOCKHART, James N1 - Accession Number: 42538948; Lockhart, James 1; Affiliations: 1: Director, Federal Housing Finance Agency; Issue Info: 6/22/2009, Vol. 33 Issue 38, p4; Subject Term: LITERARY excerpts; People: LOCKHART, James; Number of Pages: 2p; Document Type: Excerpt UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=42538948&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Collender, Robert N. AU - Shaffer, Sherrill AD - US Office of Federal Housing Enterprise Oversight AD - U WY T1 - Banking Structure and Employment Growth JO - Applied Economics JF - Applied Economics Y1 - 2009/08//August-September 2009 VL - 41 IS - 19-21 SP - 2403 EP - 2417 SN - 00036846 N1 - Accession Number: 1068509; Keywords: Bank; Banking; Employment; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 200911 N2 - Recent studies have documented an association between financial structure and per capita income growth. The relationship between financial structure and job growth, by contrast, is an unexplored issue of independent interest. Here we find that US nonmetropolitan employment grew faster in 1973-1996 where there were fewer locally owned bank offices and a more concentrated initial banking market structure; these linkages were less stable in metropolitan areas. In addition, controlling for employment growth does not undermine the empirical linkage between initial bank structure and subsequent per capita income growth. KW - Macroeconomics: Production E23 KW - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital E24 KW - Financial Markets and the Macroeconomy E44 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics R23 L3 - http://www.tandfonline.com/loi/raec20 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1068509&site=ehost-live&scope=site UR - http://www.tandfonline.com/loi/raec20 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Lockhart, James B. T1 - Counter Systemic Risk Issues Countercyclically. JO - American Banker JF - American Banker Y1 - 2009/08/14/ VL - 174 IS - 156 M3 - Opinion SP - 9 EP - 9 PB - SourceMedia, Inc. SN - 00027561 AB - In this article the author discusses systemic risk in the U.S. He is critical of the U.S. Congress' response to the systemic risk posed by Fannie Mae and Freddie Mac to the U.S. and global economy. Also, he mentions that he spoke with the U.S. Congress on the fact that Fannie and Freddie did not have adequate capital. KW - FINANCIAL risk KW - RISK management in business KW - CAPITAL KW - UNITED States -- Economic conditions -- 2001-2009 KW - UNITED States KW - FANNIE Mae KW - FREDDIE Mac (Company) KW - UNITED States. Congress N1 - Accession Number: 44088633; Lockhart, James B. 1,2,3; Affiliations: 1: director, Federal Housing Finance Agency; 2: chairman, Federal Housing Finance Oversight Board; 3: member, Financial Stability Oversight Board; Issue Info: 8/14/2009, Vol. 174 Issue 156, p9; Thesaurus Term: FINANCIAL risk; Thesaurus Term: RISK management in business; Thesaurus Term: CAPITAL; Subject Term: UNITED States -- Economic conditions -- 2001-2009; Subject: UNITED States ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC ; Company/Entity: UNITED States. Congress; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 921120 Legislative Bodies; Number of Pages: 2/3p; Illustrations: 1 Graph; Document Type: Opinion; Full Text Word Count: 940 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=44088633&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Collendera, Robert N. AU - Shaffer, Sherrill T1 - Banking structure and employment growth. JO - Applied Economics JF - Applied Economics Y1 - 2009/08/20/ VL - 41 IS - 19 M3 - Article SP - 2403 EP - 2417 PB - Routledge SN - 00036846 AB - Recent studies have documented an association between financial structure and per capita income growth. The relationship between financial structure and job growth, by contrast, is an unexplored issue of independent interest. Here we find that US nonmetropolitan employment grew faster in 1973-1996 where there were fewer locally owned bank offices and a more concentrated initial banking market structure; these linkages were less stable in metropolitan areas. In addition, controlling for employment growth does not undermine the empirical linkage between initial bank structure and subsequent per capita income growth. [ABSTRACT FROM AUTHOR] AB - Copyright of Applied Economics is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - PER capita KW - INCOME KW - EMPLOYMENT (Economic theory) KW - BANKING industry KW - INDUSTRIAL organization (Economic theory) KW - UNITED States N1 - Accession Number: 43187645; Collendera, Robert N. 1; Shaffer, Sherrill 2; Email Address: shaffer@uwyo.edu; Affiliations: 1: Office of Policy Analysis and Research, Office of Federal Housing Enterprise Oversight, 1700G St., NW, Washington, DC 20552, USA; 2: Department of Economics and Finance, University of Wyoming, 1000 East University Ave., Laramie, WY 82071, USA; Issue Info: Aug2009, Vol. 41 Issue 19, p2403; Thesaurus Term: PER capita; Thesaurus Term: INCOME; Thesaurus Term: EMPLOYMENT (Economic theory); Thesaurus Term: BANKING industry; Thesaurus Term: INDUSTRIAL organization (Economic theory); Subject: UNITED States; NAICS/Industry Codes: 522120 Savings Institutions; NAICS/Industry Codes: 522110 Commercial Banking; NAICS/Industry Codes: 522111 Personal and commercial banking industry; NAICS/Industry Codes: 522190 Other Depository Credit Intermediation; Number of Pages: 15p; Illustrations: 5 Charts; Document Type: Article L3 - 10.1080/00036840801998607 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=43187645&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - CHAP AU - Lutton, Thomas AU - Cauthen, Joseph AD - Federal Housing Finance Agency AD - Federal Housing Finance Agency A2 - Gup, Benton E. T1 - The Global Financial Crises: Back to Basics, Bank Supervision in Developing Countries T2 - The Financial and Economic Crises: An International Perspective PB - Cheltenham, U.K. and Northampton, Mass.: Elgar Y1 - 2010/// SP - 174 EP - 192 N1 - Accession Number: 1275488; Reviewed Book ISBN: 978-1-84844-666-3; Keywords: Bank; Developing Countries; Financial Crisis; Geographic Descriptors: Global; Kenya; LDCs; Geographic Region: Africa; Publication Type: Collective Volume Article; Update Code: 201201 KW - Financial Crises G01 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 KW - Financial Institutions and Services: Government Policy and Regulation G28 KW - Economics of Regulation L51 KW - Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance O16 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1275488&site=ehost-live&scope=site DP - EBSCOhost DB - ecn ER - TY - JOUR AU - DeMarco, Edward J. T1 - Regulatory Review Plan. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/02/22/ VL - 77 IS - 35 M3 - Article SP - 10351 EP - 10352 SN - 00976326 AB - The article presents information on a notice issued by the U.S. Federal Housing Finance Agency to declare final regulatory review plan (RRP) under the Executive Order 13579. As per the notice, the declaration has been made in accordance with the U.S. Housing and Economic Recovery Act of 2008 and the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act. It is further mentioned that the RRP will be effective from April 23, 2012. KW - HOUSING KW - ECONOMIC recovery KW - EXECUTIVE orders KW - LAW & legislation KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - UNITED States. Dodd-Frank Wall Street Reform & Consumer Protection Act N1 - Accession Number: 72324920; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency; Issue Info: 2/22/2012, Vol. 77 Issue 35, p10351; Thesaurus Term: HOUSING; Thesaurus Term: ECONOMIC recovery; Subject Term: EXECUTIVE orders; Subject Term: LAW & legislation; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency; Reviews & Products: UNITED States. Dodd-Frank Wall Street Reform & Consumer Protection Act; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=72324920&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Notice of Annual Adjustment of the Cap on Average Total Assets That Defines Community Financial Institutions. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/03/09/ VL - 77 IS - 47 M3 - Article SP - 14366 EP - 14366 SN - 00976326 AB - The article presents information on a notice issued by the U.S. Federal Housing Finance Agency to declare the adjustment of the capital on average total assets based on the annual percentage increase in the consumer price index. The new amount will be obtained by rounding to the nearest million. The adjustment is effective since January 1, 2012. KW - CONSUMER price indexes KW - ASSETS (Accounting) KW - HOUSING market KW - FINANCIAL services industry KW - FINANCIAL institutions KW - UNITED States KW - UNITED States. Federal Housing Finance Agency N1 - Accession Number: 73770247; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 3/9/2012, Vol. 77 Issue 47, p14366; Thesaurus Term: CONSUMER price indexes; Thesaurus Term: ASSETS (Accounting); Thesaurus Term: HOUSING market; Thesaurus Term: FINANCIAL services industry; Thesaurus Term: FINANCIAL institutions; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency; NAICS/Industry Codes: 522291 Consumer Lending; Number of Pages: 2/3p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=73770247&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Johnson, Pamela AU - DeMarco, Edward J. T1 - Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/03/13/ VL - 77 IS - 49 M3 - Article SP - 14787 EP - 14801 SN - 00976326 AB - The article offers information on a notice issued by Federal Deposit Insurance Corp. announcing the sole appointment of Global Commerce Bank in Doraville, Georgia in liquidation. KW - LIQUIDATION KW - GLOBAL Commerce Bank (Company) KW - FEDERAL Deposit Insurance Corp. N1 - Accession Number: 73770381; Johnson, Pamela; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 3/13/2012, Vol. 77 Issue 49, p14787; Thesaurus Term: LIQUIDATION ; Company/Entity: GLOBAL Commerce Bank (Company) DUNS Number: 883756579 ; Company/Entity: FEDERAL Deposit Insurance Corp.; NAICS/Industry Codes: 524129 Other direct insurance (except life, health and medical) carriers; Number of Pages: 15p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=73770381&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Private Transfer Fees. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/03/16/ VL - 77 IS - 52 M3 - Article SP - 15566 EP - 15575 SN - 00976326 AB - The article presents information on a final rule issued by the U.S. Federal Housing Finance Agency regarding prohibition of the U.S. government agencies including the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and the Federal Home Loan Banks for transactions related to mortgages. This final rule has been issued to protect these entities from risk related to financial security. The final rule will be effective by July 16, 2012. KW - GOVERNMENT regulation KW - FEDERAL home loan banks KW - MORTGAGES KW - FINANCIAL security KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 73897038; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 3/16/2012, Vol. 77 Issue 52, p15566; Thesaurus Term: GOVERNMENT regulation; Thesaurus Term: FEDERAL home loan banks; Thesaurus Term: MORTGAGES; Thesaurus Term: FINANCIAL security; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; Number of Pages: 10p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=73897038&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Proposed Collection; Comment Request. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/04/13/ VL - 77 IS - 72 M3 - Article SP - 22316 EP - 22317 SN - 00976326 AB - The article reports on a notice issued by the U.S. Federal Housing Finance Agency regarding public comments on proposed information collection in accordance with the Paperwork Reduction Act of 1995. It states that the notice is issued to check the performance of the agency, enhance quality, utility and clarity of information, and minimize burden of information collection on respondents and the use of automated collection techniques. KW - PUBLIC opinion KW - GOVERNMENT paperwork KW - OFFICE practice -- Automation KW - AUTOMATIC data collection systems KW - ACQUISITION of data KW - DATA quality KW - UNITED States KW - UNITED States. Federal Housing Finance Agency N1 - Accession Number: 74581741; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 4/13/2012, Vol. 77 Issue 72, p22316; Thesaurus Term: PUBLIC opinion; Thesaurus Term: GOVERNMENT paperwork; Thesaurus Term: OFFICE practice -- Automation; Thesaurus Term: AUTOMATIC data collection systems; Subject Term: ACQUISITION of data; Subject Term: DATA quality; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency; NAICS/Industry Codes: 541514 Computer systems design and related services (except video game design and development); NAICS/Industry Codes: 541512 Computer Systems Design Services; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=74581741&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Prudential Management and Operations Standards. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/06/08/ VL - 77 IS - 111 M3 - Article SP - 33950 EP - 33964 SN - 00976326 AB - The article presents information on the final rule issued by the U.S. Federal Housing Finance Agency regarding the establishment of the prudential standards related to the management and operations of the U.S. Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Banks and the Federal Home Loan Mortgage Corp. (Freddie Mac). This final rule will be effective from August 7, 2012. KW - FEDERAL home loan banks KW - GOVERNMENT regulation KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 76926804; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency; Issue Info: 6/8/2012, Vol. 77 Issue 111, p33950; Thesaurus Term: FEDERAL home loan banks; Thesaurus Term: GOVERNMENT regulation ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; Number of Pages: 15p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=76926804&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - 2012-2014 Enterprise Housing Goals. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/06/11/ VL - 77 IS - 112 M3 - Article SP - 34263 EP - 34281 SN - 00976326 AB - The article presents information on a proposed rule issued by the U.S. Federal Housing Finance Agency regarding the solicitation of public comments on the U.S. Federal National Mortgage Association and the U.S. Federal Home Loan Mortgage Corp. The agency is soliciting public comments on this rule by July 26, 2012 via electronic mail or in writing. Several table containing information on the market share for types of home purchased are presented. KW - PUBLIC opinion KW - CHARTS, diagrams, etc. KW - MARKET share KW - EMAIL KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 77245117; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 6/11/2012, Vol. 77 Issue 112, p34263; Thesaurus Term: PUBLIC opinion; Thesaurus Term: CHARTS, diagrams, etc.; Thesaurus Term: MARKET share; Thesaurus Term: EMAIL ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; Number of Pages: 19p; Illustrations: 9 Charts; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=77245117&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Federal Home Loan Bank Members Selected for Community Support Review. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/06/15/ VL - 77 IS - 116 M3 - Article SP - 35965 EP - 35978 SN - 00976326 AB - The article presents information on a notice issued by the U.S. Federal Housing Finance Agency (FHFA) regarding the selection of several financial institutions including Kennebec Savings Bank, Avidia Bank and Somerset Hills Bank for the Federal Home Loan Bank. These financial institutions are required to submit their community support statement to FHFA by July 30, 2012. This notice has been issued in accordance with the U.S. Federal Home Loan Bank Act. KW - FINANCIAL institutions KW - FEDERAL home loan banks KW - UNITED States KW - COMMUNITY support KW - UNITED States. Federal Housing Finance Agency KW - KENNEBEC Savings Bank (Company) KW - AVIDIA Bank (Company) KW - SOMERSET Hills Bank (Company) N1 - Accession Number: 77389463; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 6/15/2012, Vol. 77 Issue 116, p35965; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: FEDERAL home loan banks; Subject Term: UNITED States; Subject Term: COMMUNITY support ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: KENNEBEC Savings Bank (Company) ; Company/Entity: AVIDIA Bank (Company) ; Company/Entity: SOMERSET Hills Bank (Company); NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; Number of Pages: 14p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=77389463&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Enterprise Underwriting Standards. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/06/15/ VL - 77 IS - 116 M3 - Article SP - 36086 EP - 36110 SN - 00976326 AB - The article presents information on the notice of proposed rulemaking issued by the U.S. Federal Housing Finance Agency (FHFA) for underwriting standards for the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. The FHFA is soliciting public comments on this notice by July 30, 2012 via electronic mail or in writing. KW - PUBLIC opinion KW - INSURANCE KW - EMAIL KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 77389530; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 6/15/2012, Vol. 77 Issue 116, p36086; Thesaurus Term: PUBLIC opinion; Thesaurus Term: INSURANCE; Thesaurus Term: EMAIL ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 524292 Third Party Administration of Insurance and Pension Funds; NAICS/Industry Codes: 525190 Other Insurance Funds; NAICS/Industry Codes: 524298 All Other Insurance Related Activities; Number of Pages: 25p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=77389530&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Examination Rating System. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/06/19/ VL - 77 IS - 118 M3 - Article SP - 36536 EP - 36542 SN - 00976326 AB - The article reports on the notice issued by the U.S. Federal Housing Finance Agency regarding the solicitation of public comments on a proposed new examination rating system which will be used when examining the Fannie Mae, the Freddie Mac, the Federal Home Loan Banks and the Banks' Office of Finance. It informs that the new rating system will be based on a ''CAMELSO'' framework and will require an assessment of seven individual components including capital, asset quality and liquidity. KW - PUBLIC opinion KW - FEDERAL home loan banks KW - CAPITAL KW - LIQUIDITY (Economics) KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 77411478; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 6/19/2012, Vol. 77 Issue 118, p36536; Thesaurus Term: PUBLIC opinion; Thesaurus Term: FEDERAL home loan banks; Thesaurus Term: CAPITAL; Thesaurus Term: LIQUIDITY (Economics) ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; NAICS/Industry Codes: 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities; NAICS/Industry Codes: 522321 Central credit unions; Number of Pages: 7p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=77411478&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Winkler, Kevin T1 - Submission for OMB Review; Comment Request. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/07/10/ VL - 77 IS - 132 M3 - Article SP - 40613 EP - 40614 SN - 00976326 AB - The article discusses the information collection entitled "Advances to Housing Associates" submitted by the U.S. Federal Housing Finance Agency (FHFA) to the U.S. Office of Management and Budget (OMB) for the approval of the extension of OMB control number 2590-0001. It says that the Federal Home Loan Bank (Bank) requirements are referred to as ''housing associates'' in the FHFA regulations. It mentions that public comments are published by the FHFA in the Federal Register on April 13, 2012. KW - HOUSING KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - UNITED States. Office of Management & Budget KW - UNITED States. Federal Home Loan Bank Board N1 - Accession Number: 78039738; Winkler, Kevin 1; Affiliations: 1: Chief Information Officer, Federal Housing Finance Agency; Issue Info: 7/10/2012, Vol. 77 Issue 132, p40613; Thesaurus Term: HOUSING; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: UNITED States. Office of Management & Budget ; Company/Entity: UNITED States. Federal Home Loan Bank Board; NAICS/Industry Codes: 624229 Other Community Housing Services; NAICS/Industry Codes: 926110 Administration of General Economic Programs; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=78039738&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Grimes, Lori Simone AU - Sobel, Paul T1 - LATE FOR THE OUTSOURCING GAME. JO - Internal Auditor JF - Internal Auditor Y1 - 2012/08// VL - 69 IS - 4 M3 - Article SP - 27 EP - 29 PB - Internal Auditor SN - 00205745 AB - The article discusses management of risks associated with business process outsourcing operations of financial institutions. It mentions the need for firms to comply with regulations being implemented by the U.S. Office of the Comptroller of the Currency (OCC) to ensure safety of outsourced operations. It describes country risks in outsourcing to emerging markets. It also explains why business managers need to collaborate with internal auditors before finalizing outsourcing decisions. KW - RISK management in business KW - CONTRACTING out KW - FINANCIAL institutions KW - EMERGING markets KW - UNITED States KW - UNITED States. Office of the Comptroller of the Currency N1 - Accession Number: 79698933; Grimes, Lori Simone 1; Email Address: simone.grimes@theiia.org; Sobel, Paul; Email Address: paul.sobel@gapac.com; Affiliations: 1: Senior risk examiner, U.S. Federal Housing Finance Agency, Washington, D.C.; Issue Info: Aug2012, Vol. 69 Issue 4, p27; Thesaurus Term: RISK management in business; Thesaurus Term: CONTRACTING out; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: EMERGING markets; Subject: UNITED States ; Company/Entity: UNITED States. Office of the Comptroller of the Currency; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 921130 Public Finance Activities; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=79698933&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Winkler, Kevin T1 - Proposed Collection; Comment Request. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/08/03/ VL - 77 IS - 150 M3 - Article SP - 46436 EP - 46437 SN - 00976326 AB - The article presents the notice of the Federal Housing Finance Agency (FHFA) that seeks public comments about its intention to seek approval from the Office of Management and Budget (OMB) for the extension of its approved information collection program in the U.S. The FHFA's seeks the approval of the OMB to extend the Community Support Requirements that is scheduled to expire on October 31, 2012. Moreover, deadline for the submission of the written comments are also mentioned. KW - PUBLIC opinion KW - ACQUISITION of data KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - UNITED States. Office of Management & Budget N1 - Accession Number: 78560942; Winkler, Kevin 1; Affiliations: 1: Chief Information Officer, Federal Housing Finance Agency.; Issue Info: 8/3/2012, Vol. 77 Issue 150, p46436; Thesaurus Term: PUBLIC opinion; Subject Term: ACQUISITION of data; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: UNITED States. Office of Management & Budget; NAICS/Industry Codes: 926110 Administration of General Economic Programs; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=78560942&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Privacy Act of 1974; System of Records. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/08/09/ VL - 77 IS - 154 M3 - Article SP - 47641 EP - 47652 SN - 00976326 AB - The article presents notice from the U.S. Federal Housing Finance Agency (FHFA) requesting comments on the proposed revision, establishment, and removal of systems of records pursuant to the Privacy Act of 1974. Among the proposed systems of records are Contractor Personnel Day Pass, Trackable Mail System, and Visitor Badge. FHFA announces its publication of new notice if there will be changes made and if the effective date will be delayed. KW - RIGHT of privacy KW - PUBLIC records -- Law & legislation -- United States KW - BADGES KW - UNITED States KW - UNITED States. Federal Housing Finance Agency N1 - Accession Number: 79286011; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 8/9/2012, Vol. 77 Issue 154, p47641; Thesaurus Term: RIGHT of privacy; Subject Term: PUBLIC records -- Law & legislation -- United States; Subject Term: BADGES; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency; NAICS/Industry Codes: 326199 All Other Plastics Product Manufacturing; NAICS/Industry Codes: 314999 All Other Miscellaneous Textile Product Mills; Number of Pages: 12p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=79286011&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Hornsby, Richard T1 - Use of Eminent Domain To Restructure Performing Loans. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/08/09/ VL - 77 IS - 154 M3 - Article SP - 47652 EP - 47652 SN - 00976326 AB - The article presents notice issued by the U.S. Federal Housing Finance Agency (FHFA) on the use of eminent domain in restructuring performing loans. FHFA is concerned on the use of eminent domain in revising financial contracts and changing bank or enterprise securities holdings. It determines the necessity of an action as conservator for the enterprises and as regulator for banks to prevent safety and sound operation risk and taxpayer expense. KW - EMINENT domain KW - LAND use KW - PROPERTY rights KW - SECURITIES KW - BANK loans KW - UNITED States N1 - Accession Number: 79286012; Hornsby, Richard 1; Affiliations: 1: Chief Operating Officer, Federal Housing Finance Agency.; Issue Info: 8/9/2012, Vol. 77 Issue 154, p47652; Thesaurus Term: EMINENT domain; Thesaurus Term: LAND use; Thesaurus Term: PROPERTY rights; Thesaurus Term: SECURITIES; Thesaurus Term: BANK loans; Subject: UNITED States; Number of Pages: 1/2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=79286012&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Shanks, Margaret McCloskey AU - Cordray, Richard AU - Feldman, Robert E. AU - DeMarco, Edward J. AU - Canerday, Jon J. AU - Curry, Thomas J. T1 - Appraisals for Higher-Risk Mortgage Loans. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/09/05/ VL - 77 IS - 172 M3 - Article SP - 54722 EP - 54775 SN - 00976326 AB - The article offers information on a proposed law issued by the U.S. Department of Treasury regarding the implementation of Truth in Lending Act (TILA) provisions that require appraisals for higher-risk mortgages. The department is soliciting public comments on or before October 15, 2012 through electronic mails, fax transmission and department's website portal. It mentions that under the proposed rule, creditors need to obtain an appraisal which ascertains use of appraisals. KW - MORTGAGES KW - PUBLIC opinion KW - FAX transmission KW - DEBTOR & creditor KW - UNITED States KW - UNITED States. Dept. of the Treasury KW - UNITED States. Truth-in-Lending Simplification & Reform Act N1 - Accession Number: 79962690; Shanks, Margaret McCloskey; Cordray, Richard 1; Feldman, Robert E. 2; DeMarco, Edward J. 3; Canerday, Jon J.; Curry, Thomas J.; Affiliations: 1: Director, Bureau of Consumer Financial Protection; 2: Executive Secretary. Federal Deposit Insurance Corporation; 3: Acting Director, Federal Housing Finance Agency.; Issue Info: 9/5/2012, Vol. 77 Issue 172, p54722; Thesaurus Term: MORTGAGES; Thesaurus Term: PUBLIC opinion; Thesaurus Term: FAX transmission; Thesaurus Term: DEBTOR & creditor; Subject: UNITED States ; Company/Entity: UNITED States. Dept. of the Treasury ; Company/Entity: UNITED States. Truth-in-Lending Simplification & Reform Act; NAICS/Industry Codes: 921130 Public Finance Activities; Number of Pages: 54p; Illustrations: 7 Charts; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=79962690&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - State-Level Guarantee Fee Pricing. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/09/25/ VL - 77 IS - 186 M3 - Article SP - 58991 EP - 58994 SN - 00976326 AB - The article offers information on a notice issued by the U.S. Federal Housing Finance Agency (FHFA) regarding the operations of Fannie Mae and Freddie Mac (the Enterprises). It mentions that the Enterprises compensate the credit risk involved in mortgage business by charging high guarantee fees for mortgages. It further informs that FHFA will be accepting public opinion on the future changes to state level guarantee fees adjustments until November 26, 2012. KW - MORTGAGES KW - CREDIT risk KW - PUBLIC opinion KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 82196340; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 9/25/2012, Vol. 77 Issue 186, p58991; Thesaurus Term: MORTGAGES; Thesaurus Term: CREDIT risk; Thesaurus Term: PUBLIC opinion ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 522292 Real Estate Credit; NAICS/Industry Codes: 526913 Mortgage funds; Number of Pages: 4p; Illustrations: 1 Chart; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=82196340&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Curry, Thomas AU - Frierson, Robert deV. AU - Best, Valerie J. AU - Aultman, Dale L. AU - DeMarco, Edward J. T1 - Margin and Capital Requirements for Covered Swap Entities; Reopening of Comment Period. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/10/02/ VL - 77 IS - 191 M3 - Article SP - 60057 EP - 60059 SN - 00976326 AB - The article offers information on the notice issued by the U.S. Office of the Comptroller of the Currency, the U.S. Federal Housing Finance Agency and the U.S. Farm Credit Administration on the reopening of comment period for the proposed rule that was published in the "Federal Register." It informs that comments must be received on or before November 26, 2012. It further informs that reopening of comment period will allow interested persons to analyze and comment on the Proposed Margin Rule. KW - MARGINS (Security trading) KW - SWAPS (Finance) KW - UNITED States. Office of the Comptroller of the Currency KW - UNITED States. Federal Housing Finance Agency KW - UNITED States. Farm Credit Administration N1 - Accession Number: 82374085; Curry, Thomas; Frierson, Robert deV.; Best, Valerie J.; Aultman, Dale L. 1; DeMarco, Edward J. 2; Affiliations: 1: Secretary, Farm Credit Administration Board; 2: Acting Director, Federal Housing Finance Agency; Issue Info: 10/2/2012, Vol. 77 Issue 191, p60057; Thesaurus Term: MARGINS (Security trading); Thesaurus Term: SWAPS (Finance) ; Company/Entity: UNITED States. Office of the Comptroller of the Currency ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: UNITED States. Farm Credit Administration; NAICS/Industry Codes: 921130 Public Finance Activities; Number of Pages: 3p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=82374085&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Stress Testing of Regulated Entities. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/10/05/ VL - 77 IS - 194 M3 - Article SP - 60948 EP - 60952 SN - 00976326 AB - The article presents information on a notice issued by the U.S. Federal Housing Finance Agency regarding the proposed rulemaking in the U.S. It informs that the FHFA is the primary federal financial regulator of the Federal National Mortgage Association, the company Federal Home Loan Mortgage Corp. and Federal Home Loan Banks. It further informs that the comments are invited on the proposed regulation on or before November 5, 2012. KW - FEDERAL home loan banks KW - PUBLIC opinion KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 82393415; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 10/5/2012, Vol. 77 Issue 194, p60948; Thesaurus Term: FEDERAL home loan banks; Thesaurus Term: PUBLIC opinion; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; Number of Pages: 5p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=82393415&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Advisory Bulletin on Collateralization of Advances and Other Credit Products Provided by Federal Home Loan Banks to Insurance Company Members. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/10/05/ VL - 77 IS - 194 M3 - Article SP - 60988 EP - 60990 SN - 00976326 AB - The article presents information on a notice issued by the U.S. Federal Housing Finance Agency (FHFA) regarding public comments on a proposed Advisory Bulletin for guiding agency staff in its supervision of securedlending to insurance company members by the U.S. Federal Home Loan Banks. It also informs that the banks are instrumentalities organized under the U.S. Federal Home Loan Bank Act. It further informs that comments related to the notice must be submitted on or before December 4, 2012. KW - FEDERAL home loan banks KW - NOTICE (Law) KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - UNITED States. Federal Home Loan Bank Board N1 - Accession Number: 82393456; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency.; Issue Info: 10/5/2012, Vol. 77 Issue 194, p60988; Thesaurus Term: FEDERAL home loan banks; Subject Term: NOTICE (Law); Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: UNITED States. Federal Home Loan Bank Board; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; Number of Pages: 3p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=82393456&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Linick, Steve T1 - FHFA-OIG: Placing Our Mission in Perspective. JO - National Mortgage News JF - National Mortgage News Y1 - 2012/10/08/ VL - 36 IS - 53 M3 - Article SP - 1 EP - 1 PB - SourceMedia, Inc. SN - 10503331 AB - The article presents information on the creation of Federal Housing Finance Agency (FHFA) by the U.S. Congress during the financial crisis. The conservatorships of the mortgage lenders Fannie Mae and Freddie Mac and its impact on domestic housing market are discussed. The mission of the Office of Inspector General of FHFA which includes Fannie Mae and Freddie Mac, preservation of assets and prevention of waste, fraud and abuse is also discussed. KW - FINANCIAL crises KW - CONSERVATORSHIPS (Law) KW - UNITED States. Federal Housing Finance Agency KW - UNITED States. Congress KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 82769955; Linick, Steve 1; Affiliations: 1: inspector general of the Federal Housing Finance Agency; Issue Info: 10/8/2012, Vol. 36 Issue 53, p1; Thesaurus Term: FINANCIAL crises; Thesaurus Term: CONSERVATORSHIPS (Law) ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: UNITED States. Congress ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 921120 Legislative Bodies; Number of Pages: 1p; Document Type: Article; Full Text Word Count: 651 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=82769955&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward T1 - FHFA Clarifying GSE 'Reps and Warrants'. JO - National Mortgage News JF - National Mortgage News Y1 - 2012/10/22/ VL - 36 IS - 55 M3 - Article SP - 22 EP - 22 PB - SourceMedia, Inc. SN - 10503331 AB - The article reports the move of the Federal Housing Finance Agency (FHFA) to strengthen its method of monitoring underwriting and risk-based pricing in the U.S. FHFA's acting director Edward DeMarco stresses that they have taken steps to improve mortgage banks pricing of credit risks. It also mentions the decision of the FHFA to increase the across-the-board 10 basis and other guarantee fee pricing to better capture the costs associated with state and local policies. KW - MORTGAGE loans KW - MORTGAGE rates KW - MORTGAGE banks KW - HOME ownership KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - DEMARCO, Edward, 1960- N1 - Accession Number: 83747316; DeMarco, Edward 1; Affiliations: 1: Acting director of the Federal Housing Finance Agency; Issue Info: 11/22/2012, Vol. 36 Issue 55, p22; Thesaurus Term: MORTGAGE loans; Thesaurus Term: MORTGAGE rates; Thesaurus Term: MORTGAGE banks; Thesaurus Term: HOME ownership; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency; NAICS/Industry Codes: 522292 Real Estate Credit; People: DEMARCO, Edward, 1960-; Number of Pages: 1p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=83747316&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Examination Rating System. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2012/11/13/ VL - 77 IS - 219 M3 - Article SP - 67644 EP - 67650 SN - 00976326 AB - The article offers information about a notice issued by the U.S. Federal Housing Finance Agency (FHFA). The notice informs that the FHFA adopts a new examination rating system based on Capital, Asset quality, Management, Earnings, Liquidity, Sensitivity to market risk and Operational risk (CAMELSO) for Fannie Mae and Freddie Mac, the Federal Home Loan Banks and the Banks' Office of Finance. KW - FEDERAL home loan banks KW - OPERATIONAL risk KW - LIQUIDITY (Economics) KW - RATING KW - UNITED States. Federal Housing Finance Agency KW - FREDDIE Mac (Company) KW - FANNIE Mae N1 - Accession Number: 83850014; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency; Issue Info: 11/13/2012, Vol. 77 Issue 219, p67644; Thesaurus Term: FEDERAL home loan banks; Thesaurus Term: OPERATIONAL risk; Thesaurus Term: LIQUIDITY (Economics); Subject Term: RATING ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC ; Company/Entity: FANNIE Mae Ticker: FNMA; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 522298 All Other Nondepository Credit Intermediation; NAICS/Industry Codes: 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities; NAICS/Industry Codes: 522321 Central credit unions; Number of Pages: 7p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=83850014&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Holden, Steve AU - Kelly, Austin AU - McManus, Douglas AU - Scharlemann, Therese AU - Singer, Ryan AU - Worth, John D. T1 - The HAMP NPV Model: Development and Early Performance. JO - Real Estate Economics JF - Real Estate Economics Y1 - 2012/12/02/Winter2012 Supplement VL - 40 M3 - Article SP - S32 EP - S64 PB - Wiley-Blackwell SN - 10808620 AB - The foreclosure crisis that began in 2008 triggered the need for new approaches to treat distressed mortgages. A key component of the Obama Administration's Home Affordable Modification Program (HAMP) was the development of a standardized Net Present Value (NPV) Model to identify troubled loans that were value-enhancing candidates for payment-reducing modifications. This article discusses the development of the HAMP NPV Model,1 its purpose and some important constraints that dictated its structure and limitations. We describe the structure and the estimation of the model in detail. We also describe the responsiveness of the model to key characteristics, such as loan-to-value and credit score, as well as provide new evidence on the relationship between HAMP modification performance and key borrower and modification characteristics. The article concludes with a discussion of model limitations and the future role of systematic loan modification using NPV analysis. [ABSTRACT FROM AUTHOR] AB - Copyright of Real Estate Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - CASH flow KW - INTERNAL rate of return KW - NET present value KW - MORTGAGE loans KW - CAPITAL investments KW - PRESENT value N1 - Accession Number: 84488377; Holden, Steve 1; Email Address: steve_holden@fanniemae.com; Kelly, Austin 2; Email Address: austin.kelly@fhfa.gov; McManus, Douglas 3; Email Address: douglas_mcmanus@freddiemac.com; Scharlemann, Therese 4; Email Address: Therese.Scharlemann@treasury.gov; Singer, Ryan 5; Email Address: RSinger@FDIC.gov; Worth, John D. 6; Email Address: JWorth@NCUA.gov; Affiliations: 1: Fannie Mae, Washington, DC 20016 or .; 2: Federal Housing Finance Agency, Washington, DC 20024 or .; 3: Freddie Mac, McLean, VA 22102 or .; 4: U.S. Department of the Treasury, Washington, DC 20220 or .; 5: Federal Deposit Insurance Corporation, Washington, DC 20429 or .; 6: National Credit Union Administration, Alexandria, VA 22314 or .; Issue Info: Winter2012 Supplement, Vol. 40, pS32; Thesaurus Term: CASH flow; Thesaurus Term: INTERNAL rate of return; Thesaurus Term: NET present value; Thesaurus Term: MORTGAGE loans; Thesaurus Term: CAPITAL investments; Thesaurus Term: PRESENT value; NAICS/Industry Codes: 522292 Real Estate Credit; Number of Pages: 33p; Illustrations: 1 Diagram, 6 Charts, 7 Graphs; Document Type: Article L3 - 10.1111/j.1540-6229.2012.00351.x UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=84488377&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Friedson, Andrew I. AU - Bogin, Alexander N. T1 - Winning pays: High school football championships and property values JO - Journal of Housing Economics JF - Journal of Housing Economics Y1 - 2013/03// VL - 22 IS - 1 M3 - Article SP - 54 EP - 61 SN - 10511377 AB - Abstract: A large literature explores the effect of schooling characteristics on property values, but touches little on non-academic attributes of schools. This study demonstrates the capitalization of high school football championships into school district property values using a model that controls for a series of fixed effects. Winning a state football championship increases property values by 1.65% in the year following the championship, exerting its strongest effect immediately after the championship is won. The effect is biggest in the AA division; the largest and most competitive division. [Copyright &y& Elsevier] AB - Copyright of Journal of Housing Economics is the property of Academic Press Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - REAL property KW - CHAMPIONSHIPS KW - FOOTBALLS KW - CORPORATIONS -- Finance KW - SCHOOLS KW - ECONOMICS -- Research KW - INVESTMENTS KW - High school football KW - Housing KW - Property value hedonic KW - R23 N1 - Accession Number: 86461618; Friedson, Andrew I. 1; Email Address: andrew.friedson@ucdenver.edu Bogin, Alexander N. 2; Affiliation: 1: University of Colorado Denver, United States 2: Federal Housing Finance Agency, United States; Source Info: Mar2013, Vol. 22 Issue 1, p54; Subject Term: REAL property; Subject Term: CHAMPIONSHIPS; Subject Term: FOOTBALLS; Subject Term: CORPORATIONS -- Finance; Subject Term: SCHOOLS; Subject Term: ECONOMICS -- Research; Subject Term: INVESTMENTS; Author-Supplied Keyword: High school football; Author-Supplied Keyword: Housing; Author-Supplied Keyword: Property value hedonic; Author-Supplied Keyword: R23; NAICS/Industry Codes: 522291 Consumer Lending; NAICS/Industry Codes: 541720 Research and Development in the Social Sciences and Humanities; NAICS/Industry Codes: 339920 Sporting and Athletic Goods Manufacturing; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; NAICS/Industry Codes: 531190 Lessors of Other Real Estate Property; NAICS/Industry Codes: 531210 Offices of Real Estate Agents and Brokers; NAICS/Industry Codes: 611110 Elementary and Secondary Schools; NAICS/Industry Codes: 611699 All Other Miscellaneous Schools and Instruction; Number of Pages: 8p; Document Type: Article L3 - 10.1016/j.jhe.2013.02.002 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=86461618&site=ehost-live&scope=site DP - EBSCOhost DB - aph ER - TY - JOUR AU - DeMarco, Edward J. T1 - Notice of Annual Adjustment of the Cap on Average Total Assets That Defines Community Financial Institutions. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2013/03/29/ VL - 78 IS - 61 M3 - Article SP - 19262 EP - 19263 SN - 00976326 AB - The article reports that the U.S. Federal Housing Finance Agency (FHFA) has adjusted the cap on median total assets that defines a Community Financial Institution based on the yearly percentage hike in the Consumer Price Index (CFI) for all urban consumers as published by the Department of Labor (DOL). The changes will become effective by January 1, 2013. The FHFA has raised the CFI asset cap from 1,076,000,000 to 1,095,000,000 U.S. dollars as of January 1, 2013. KW - CONSUMER price indexes KW - PRICE indexes KW - GOVERNMENT policy KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - UNITED States. Dept. of Labor N1 - Accession Number: 86876716; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency; Issue Info: 3/29/2013, Vol. 78 Issue 61, p19262; Thesaurus Term: CONSUMER price indexes; Thesaurus Term: PRICE indexes; Thesaurus Term: GOVERNMENT policy; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: UNITED States. Dept. of Labor; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=86876716&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DeMarco, Edward J. T1 - Lender Placed Insurance, Terms and Conditions. JO - Federal Register (National Archives & Records Service, Office of the Federal Register) JF - Federal Register (National Archives & Records Service, Office of the Federal Register) Y1 - 2013/03/29/ VL - 78 IS - 61 M3 - Article SP - 19263 EP - 19264 SN - 00976326 AB - The article discusses a notice that establishes an approach to address some practices relating to lender placed insurance that the U.S. Federal Housing Finance Agency (FHFA) considers contrary to prudent business practice. The notice also sets forth appropriate administration of Fannie Mae and Freddie Mac guaranteed loans. The FHFA invites input from any individual with view on the planned practice limitations. KW - INSURANCE KW - UNITED States KW - UNITED States. Federal Housing Finance Agency KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 86876717; DeMarco, Edward J. 1; Affiliations: 1: Acting Director, Federal Housing Finance Agency; Issue Info: 3/29/2013, Vol. 78 Issue 61, p19263; Thesaurus Term: INSURANCE; Subject: UNITED States ; Company/Entity: UNITED States. Federal Housing Finance Agency ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; Number of Pages: 2p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=86876717&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Demarco, Edward T1 - How Large a Role for Government In Finance? JO - National Mortgage News JF - National Mortgage News Y1 - 2013/05/20/ VL - 37 IS - 20 M3 - Article SP - 1 EP - 1 PB - SourceMedia, Inc. SN - 10503331 AB - The article offers information on the role of the federal government in the U.S. in housing finance reform. It mentions that government-sponsored enterprises including Fannie Mae and Freddie Mac were established for promoting liquidity and also for providing stability in housing finance. Issues regarding privatization, domination of single-family market and the single-family mortgage debt outstanding are presented. KW - FEDERAL government KW - HOUSING -- Finance KW - UNITED States KW - DWELLINGS -- United States KW - FANNIE Mae KW - FREDDIE Mac (Company) N1 - Accession Number: 87863271; Demarco, Edward 1; Affiliations: 1: Director, Federal Housing Finance Agency; Issue Info: 5/20/2013, Vol. 37 Issue 20, p1; Thesaurus Term: FEDERAL government; Thesaurus Term: HOUSING -- Finance; Subject Term: UNITED States; Subject Term: DWELLINGS -- United States ; Company/Entity: FANNIE Mae Ticker: FNMA ; Company/Entity: FREDDIE Mac (Company) DUNS Number: 053382495 Ticker: FMCC; NAICS/Industry Codes: 522294 Secondary Market Financing; NAICS/Industry Codes: 624229 Other Community Housing Services; Number of Pages: 1p; Document Type: Article; Full Text Word Count: 1499 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=87863271&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Brevoort, Kenneth P. AU - Avery, Robert B. AU - Canner, Glenn B. AD - US Consumer Financial Protection Bureau AD - US Federal Housing Finance Agency AD - Federal Reserve Board T1 - Credit Where None Is Due? Authorized-User Account Status and Piggybacking Credit JO - Journal of Consumer Affairs JF - Journal of Consumer Affairs Y1 - 2013///Fall VL - 47 IS - 3 SP - 518 EP - 547 SN - 00220078 N1 - Accession Number: 1417547; Keywords: Consumer; Credit; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 201402 N2 - "Piggybacking credit" is a new practice that helps consumers improve their credit scores by paying to become "authorized users" on established accounts. Authorized users are not liable for paying an account, but because of Regulation B (which implements the 1974 Equal Credit Opportunity Act), the account's history factors into their credit scores. As a result piggybacking can be used to manipulate the signal of creditworthiness that scores provide and may help borrowers obtain credit for which they would not have otherwise qualified. This article investigates the policy questions raised by piggybacking. First, we evaluate whether the credit history disparities that motivated these provisions of Regulation B have persisted since they were written. Then, we assess the potential for score improvement through piggybacking. Finally, we evaluate the likely score effects of allowing credit scoring models to exclude authorized-user accounts, the most widely proposed policy response to the emergence of piggybacking. KW - Household Saving; Personal Finance D14 KW - Banks; Depository Institutions; Micro Finance Institutions; Mortgages G21 L3 - http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291745-6606/issues UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1417547&site=ehost-live&scope=site UR - http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291745-6606/issues DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Bogin, Alexander AU - Doerner, William AD - Federal Housing Finance Agency, Washington, DC AD - Federal Housing Finance Agency, Washington, DC T1 - Generating Historically-Based Stress Scenarios Using Parsimonious Factorization JO - Journal of Risk Finance JF - Journal of Risk Finance Y1 - 2014/// VL - 15 IS - 5 SP - 591 EP - 611 SN - 15265943 N1 - Accession Number: 1485674; Keywords: Interest; Interest Rates; Yield; Publication Type: Journal Article; Update Code: 201503 N2 - Purpose--This paper aims to describe a robust empirical approach to generating plausible historically based interest rate shocks, which can be applied to any market environment. These interest rate shocks can be readily linked to movements in other key risk factors, and used to measure market risk on institutions with large fixed-income portfolios. Design/methodology/approach--Using yield curve factorization, we parameterize a time series of historical yield curves and measure interest rate shocks as the historical change in each of the model's factors. We then demonstrate how to add these parameterized shocks to any market environment, while retaining positive rates and plausible credit spreads. Given a set of shocked interest rate curves, joint risk factor movements are calculated based upon historical, reduced form dependencies. Findings--Our approach is based upon yield curve parameterization and requires a parsimonious yet flexible factorization model. In the process of selecting a model, we evaluate three variants of the Nelson-Siegel approach to yield curve approximation and find that, in the current low interest rate environment, a 5-factor parameterization developed by Bjork and Christensen (1999) is best suited for accurately translating historical interest rate movements into plausible, current period shocks. KW - Interest Rates: Determination, Term Structure, and Effects E43 KW - Asset Pricing; Trading Volume; Bond Interest Rates G12 L3 - http://www.emeraldinsight.com/journals.htm?issn=1526-5943 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1485674&site=ehost-live&scope=site UR - http://www.emeraldinsight.com/journals.htm?issn=1526-5943 DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Shaffer, Sherill AU - Collender, Robert N. T1 - Rural Economic Performance and U.S. Federal Credit Programs. JO - Journal of Rural & Community Development JF - Journal of Rural & Community Development Y1 - 2014/07// VL - 9 IS - 3 M3 - Article SP - 42 EP - 61 PB - Brandon University, Rural Development Institute SN - 17128277 AB - Several theories of externalities and asymmetric information suggest a potential role for government programs to assist credit markets. We examine empirical associations between funding by several U.S. government programs and six measures of subsequent economic outcomes, for nonmetropolitan U.S. counties during the 1990s. Significant differences emerge across programs and performance measures. The results suggest a need to compare policy objectives with acceptable costs in some cases. Overall, the results are consistent with theoretical predictions and with several standard policy objectives. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Rural & Community Development is the property of Brandon University, Rural Development Institute and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - EXTERNALITIES (Economics) KW - RESEARCH KW - GOVERNMENT programs KW - CREDIT KW - COST KW - UNITED States KW - employment KW - federal credit programs KW - growth KW - rural economic performance KW - volatility N1 - Accession Number: 99502317; Shaffer, Sherill 1,2; Email Address: shaffer@uwyo.edu Collender, Robert N. 3; Email Address: robert.collender@fhfa.gov; Affiliation: 1: University of Wyoming Laramie, Wyoming, U.S.A. 2: CAMA, Australian National University Canberra, ACT, Australia 3: U.S. Federal Housing Finance Agency Washington, DC, U.S.A.; Source Info: 2014, Vol. 9 Issue 3, p42; Subject Term: EXTERNALITIES (Economics); Subject Term: RESEARCH; Subject Term: GOVERNMENT programs; Subject Term: CREDIT; Subject Term: COST; Subject Term: UNITED States; Author-Supplied Keyword: employment; Author-Supplied Keyword: federal credit programs; Author-Supplied Keyword: growth; Author-Supplied Keyword: rural economic performance; Author-Supplied Keyword: volatility; NAICS/Industry Codes: 522390 Other Activities Related to Credit Intermediation; Number of Pages: 21p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=99502317&site=ehost-live&scope=site DP - EBSCOhost DB - aph ER - TY - JOUR AU - Nguyen-Hoang, Phuong AU - Yeung, Ryan AU - Bogin, Alexander T1 - No Base Left Behind: The Impact of Military Base Closures on Educational Expenditures and Outcomes. JO - Public Finance Review JF - Public Finance Review Y1 - 2014/07// VL - 42 IS - 4 M3 - Article SP - 439 EP - 465 SN - 10911421 AB - This study examines the effects of military base closures on educational expenditures and student outcomes with a national panel data set of school districts between 1990 and 2002. We adopt difference-in-differences estimation in combination with propensity score matching and instrumental variables techniques to estimate these effects. We find that per-pupil spending increases by 25.2 percent in the first year, where it remains. We also find a substantial decrease in graduation rates, but an improving trend occurs in the years after the closure. [ABSTRACT FROM AUTHOR] AB - Copyright of Public Finance Review is the property of Sage Publications Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - PUBLIC spending KW - MILITARY base closures KW - EDUCATIONAL outcomes KW - EDUCATION & state KW - PANEL analysis KW - SCHOOL districts KW - INSTRUMENTAL variables (Statistics) KW - BRAC KW - education finance KW - education policy KW - student outcomes N1 - Accession Number: 96423630; Nguyen-Hoang, Phuong 1; Email Address: phuong-nguyen@uiowa.edu; Yeung, Ryan 2; Bogin, Alexander 3; Source Information: Jul2014, Vol. 42 Issue 4, p439; Subject: PUBLIC spending; Subject: MILITARY base closures; Subject: EDUCATIONAL outcomes; Subject: EDUCATION & state; Subject: PANEL analysis; Subject: SCHOOL districts; Subject: INSTRUMENTAL variables (Statistics); Author-Supplied Keyword: BRAC; Author-Supplied Keyword: education finance; Author-Supplied Keyword: education policy; Author-Supplied Keyword: student outcomes; Number of Pages: 27p; Document Type: Article; Full Text Word Count: 8507 L3 - 10.1177/1091142113482570 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=hch&AN=96423630&site=ehost-live&scope=site DP - EBSCOhost DB - hch ER - TY - JOUR AU - DOERNER, WILLIAM M. AU - IHLANFELDT, KEITH R. T1 - An Empirical Analysis of the Property Tax Appeals Process. JO - Journal of Property Tax Assessment & Administration JF - Journal of Property Tax Assessment & Administration Y1 - 2014/10// VL - 11 IS - 4 M3 - Article SP - 5 EP - 34 PB - International Association of Assessing Officers SN - 13571419 AB - The article presents an analysis of the property tax appeals process in the U.S. as of October 2014. Topics include an overview of the property tax appeals process, predictions of market value, and the use of tax representative in filing single-family formal appeals. Other topics include the defects in the appeals process, the role of tax assessors and magistrates, and the estimation of the probability of filing and wining a formal appeal. KW - TAX protests & appeals KW - TAXATION -- Law & legislation KW - TAX assessment KW - MAGISTRATES & magistrates' courts KW - TAX assessors KW - UNITED States N1 - Accession Number: 100540471; DOERNER, WILLIAM M. 1 IHLANFELDT, KEITH R. 2; Affiliation: 1: Senior economist in the Office of Policy Analysis and Research at the Federal Housing Finance Agency in Washington, DC 2: Professor in the Department of Economics at Florida State University in Tallahassee, Florida; Source Info: 2014, Vol. 11 Issue 4, p5; Subject Term: TAX protests & appeals; Subject Term: TAXATION -- Law & legislation; Subject Term: TAX assessment; Subject Term: MAGISTRATES & magistrates' courts; Subject Term: TAX assessors; Subject Term: UNITED States; NAICS/Industry Codes: 921130 Public Finance Activities; NAICS/Industry Codes: 913110 Municipal courts of law; Number of Pages: 30p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=100540471&site=ehost-live&scope=site DP - EBSCOhost DB - aph ER - TY - JOUR AU - Bogin, Alexander AU - Nguyen-Hoang, Phuong T1 - PROPERTY LEFT BEHIND: AN UNINTENDED CONSEQUENCE OF A NO CHILD LEFT BEHIND 'FAILING' SCHOOL DESIGNATION. JO - Journal of Regional Science JF - Journal of Regional Science Y1 - 2014/11// VL - 54 IS - 5 M3 - Article SP - 788 EP - 805 PB - Wiley-Blackwell SN - 00224146 AB - ABSTRACT Under the No Child Left Behind Act (NCLB), schools receiving Title I funding that fail to meet adequate academic performance targets for two consecutive years are deemed 'failing.' This broadly defined, but often misunderstood designation has exerted a negative and unintended effect on low-income neighborhoods-the same neighborhoods NCLB was originally intended to help. Specifically, we find that 'failing' designations significantly decrease home prices. This property value response is observed even after controlling for a myriad of traditional test score measures and school-level student demographics. Additional analyses suggest that this home price effect is largely due to strong perceptions of poor school quality or social stigma surrounding a 'failing' designation. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Regional Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - ACADEMIC achievement KW - POOR people KW - HOME prices KW - EDUCATIONAL quality KW - UNITED States. No Child Left Behind Act of 2001 N1 - Accession Number: 99219343; Bogin, Alexander 1 Nguyen-Hoang, Phuong 2; Affiliation: 1: Federal Housing Finance Agency 2: School of Urban and Regional Planning, University of Iowa; Public Policy Center, University of Iowa; Source Info: Nov2014, Vol. 54 Issue 5, p788; Subject Term: ACADEMIC achievement; Subject Term: POOR people; Subject Term: HOME prices; Subject Term: EDUCATIONAL quality; Company/Entity: UNITED States. No Child Left Behind Act of 2001; Number of Pages: 18p; Illustrations: 5 Charts, 2 Graphs, 1 Map; Document Type: Article L3 - 10.1111/jors.12141 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=99219343&site=ehost-live&scope=site DP - EBSCOhost DB - aph ER - TY - JOUR AU - Doerner, William M. AU - Leventis, Andrew V. AD - US Federal Housing Finance Agency AD - US Federal Housing Finance Agency T1 - Distressed Sales and the FHFA House Price Index JO - Journal of Housing Research JF - Journal of Housing Research Y1 - 2015/// VL - 24 IS - 2 SP - 127 EP - 146 SN - 10527001 N1 - Accession Number: 1561672; Keywords: Housing; Residential; Geographic Descriptors: U.S.; Geographic Region: Northern America; Publication Type: Journal Article; Update Code: 201604 N2 - Trends in residential house values can be expressed by changes in house price indexes (HPIs). Since the recent housing crash, distressed sales have increased in numbers and have led to concerns about how they affect HPIs. This paper has three parts. First, the Federal Housing Finance Agency's (FHFA's) standard HPIs are compared to HPIs constructed without distressed sales. Second, FHFA's identification of distressed sales is validated against a public data source. Third, the distressed sale discount is shown to vary across time and place. The magnitude of the discount also depends on whether the current or prior recent sales are distressed. KW - Index Numbers and Aggregation; Leading indicators C43 KW - Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand R21 KW - Housing Supply and Markets R31 KW - Production Analysis and Firm Location: Government Policy R38 L3 - http://ares.metapress.com/content/121541/ UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1561672&site=ehost-live&scope=site UR - http://ares.metapress.com/content/121541/ DP - EBSCOhost DB - ecn ER - TY - UNPB AU - Larson, William AD - Federal Housing Finance Agency T1 - Forecasting an Aggregate in the Presence of Structural Breaks in the Disaggregates PB - The George Washington University, Department of Economics, Research Program on Forecasting, Working Papers: 2015-002 Y1 - 2015/// SP - 31 pages AV - Availability Note: Information provided in collaboration with the RePEc Project: http://repec.org N1 - Accession Number: 1517306; Keywords: Model selection; Intercept correction; Forecast robustification; Publication Type: Working Paper; Update Code: 201509 N2 - There is a debate in the literature on the best method to forecast an aggregate: (1) forecast the aggregate directly, (2) forecast the disaggregates and then aggregate, or (3) forecast the aggregate using disaggregate information. This paper contributes to this debate by suggesting that in the presence of moderate-sized structural breaks in the disaggregates, approach (2) is preferred because of the low power to detect mean shifts in the disaggregates using models of aggregates. In support of this approach are two exercises. First, a simple Monte Carlo study demonstrates theoretical forecasting improvements. Second, empirical evidence is given using pseudo-ex ante forecasts of aggregate proven oil reserves in the United States. KW - Model Evaluation, Validation, and Selection C52 KW - Forecasting Models; Simulation Methods C53 KW - Nonrenewable Resources and Conservation: General Q30 L3 - http://www.gwu.edu/~forcpgm/2015-002.pdf UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1517306&site=ehost-live&scope=site UR - http://www.gwu.edu/~forcpgm/2015-002.pdf DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Doerner, William M. AU - Ihlanfeldt, Keith R. T1 - THE ROLE OF REPRESENTATIVE AGENTS IN THE PROPERTY TAX APPEALS PROCESS. JO - National Tax Journal JF - National Tax Journal Y1 - 2015/03// VL - 68 IS - 1 M3 - Article SP - 59 EP - 92 PB - National Tax Association SN - 00280283 AB - Property tax appeals provide property owners with a mechanism to challenge their assessments and reduce their property tax bill. Appeals are frequently filed not by the homeowner but by a tax representative who often works on their behalf for a contingency fee. Using appeals from Miami-Dade County, Florida, we find that representatives have a greater presence in higher-value neighborhoods, which makes these homeowners more likely to appeal than those in lower-value neighborhoods, and representatives increase the percentage reduction in assessed value, but only because they increase the likelihood that appellants show up for the appeal hearings. [ABSTRACT FROM AUTHOR] AB - Copyright of National Tax Journal is the property of National Tax Association and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - TAX protests & appeals KW - PROPERTY tax KW - TAXATION KW - UNITED States KW - HOMEOWNERS KW - NEIGHBORHOODS KW - property tax KW - tax appeal KW - tax representative N1 - Accession Number: 101359757; Doerner, William M. 1; Email Address: william.doerner@fhfa.gov; Ihlanfeldt, Keith R. 2; Email Address: kihlanfe@fsu.edu; Affiliations: 1: Office of Policy Analysis and Research, Federal Housing Finance Agency, Washington, DC, USA; 2: Department of Economics and Devoe Moore Center, Florida State University, Tallahassee, FL, USA; Issue Info: Mar2015, Vol. 68 Issue 1, p59; Thesaurus Term: TAX protests & appeals; Thesaurus Term: PROPERTY tax; Thesaurus Term: TAXATION; Subject Term: UNITED States; Subject Term: HOMEOWNERS; Subject Term: NEIGHBORHOODS; Author-Supplied Keyword: property tax; Author-Supplied Keyword: tax appeal; Author-Supplied Keyword: tax representative; NAICS/Industry Codes: 921130 Public Finance Activities; Number of Pages: 34p; Illustrations: 7 Charts; Document Type: Article L3 - 10.17310/ntj.2015.1.03 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=101359757&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Avery, Robert B. AU - Grodzicki, Daniel J. AU - Moore, Kevin B. T1 - DEATH AND TAXES: AN EVALUATION OF THE IMPACT OF PROSPECTIVE POLICIES FOR TAXING WEALTH AT THE TIME OF DEATH. JO - National Tax Journal JF - National Tax Journal Y1 - 2015/09// VL - 68 IS - 3 M3 - Article SP - 601 EP - 632 PB - National Tax Association SN - 00280283 AB - We study the efficacy of a capital gains tax relative to the current estate tax. Using wealth data on U.S. households, we forecast changes in household wealth and calculate the importance of untaxed wealth in bequeathed estates. We then compare the aggregate and distributional burden of the current estate tax to policies in which only unrealized capital gains are subject to tax. We estimate that, in the coming decade, unrealized capital gains will comprise nearly half of the gross estate for estates worth over $50 million. Policies taxing capital gains can potentially raise more revenue than the current estate tax, but not without a substantial increase in the fraction of households facing a tax. Due to the high concentration of unrealized gains among the wealthy, we find that, although a modest capital gains allowance substantially reduces tax revenue, it sharply focuses the tax burden on the wealthiest households. [ABSTRACT FROM AUTHOR] AB - Copyright of National Tax Journal is the property of National Tax Association and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - WEALTH tax KW - PROPERTY tax KW - REAL property tax KW - LOCAL taxation KW - CAPITAL gains tax KW - UNITED States KW - estate taxation KW - incidence KW - tax revenue N1 - Accession Number: 109031410; Avery, Robert B. 1; Email Address: robert.avery@fhfa.gov; Grodzicki, Daniel J. 2; Email Address: djg39@psu.edu; Moore, Kevin B. 3; Email Address: kevin.b.moore@frb.gov; Affiliations: 1: Federal Housing Finance Agency, Washington, DC, USA; 2: Department of Economics, Pennsylvania State University, University Park, PA, USA; 3: Board of Governors of the Federal Reserve System, Washington, DC, USA; Issue Info: Sep2015, Vol. 68 Issue 3, p601; Thesaurus Term: WEALTH tax; Thesaurus Term: PROPERTY tax; Thesaurus Term: REAL property tax; Thesaurus Term: LOCAL taxation; Thesaurus Term: CAPITAL gains tax; Subject Term: UNITED States; Author-Supplied Keyword: estate taxation; Author-Supplied Keyword: incidence; Author-Supplied Keyword: tax revenue; Number of Pages: 32p; Illustrations: 7 Charts, 2 Graphs; Document Type: Article L3 - 10.17310/ntj.2015.3.05 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=109031410&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Larson, William AU - Yezer, Anthony T1 - The energy implications of city size and density. JO - Journal of Urban Economics JF - Journal of Urban Economics Y1 - 2015/11// VL - 90 M3 - Article SP - 35 EP - 49 SN - 00941190 AB - This paper develops a new open-city urban simulation model capable of showing the urban form and energy consumption effects of variation in city size. The model is able to consider city size differences caused by wage and amenity differentials, both with and without housing and land use regulation. The surprising conclusion is that per-capita energy use is relatively invariant to city size when growth is driven by wages but falls modestly with growth induced by rising amenity. Common land use policies, specifically density limits and greenbelts, can positively or negatively affect both city welfare and energy use. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Urban Economics is the property of Academic Press Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - SIMULATION methods & models KW - PER capita KW - ECONOMIC development KW - PUBLIC welfare KW - URBANIZATION -- Economic aspects KW - Commuting KW - Congestion KW - Gasoline KW - Greenbelt KW - Q40 KW - R14 KW - Urban simulation N1 - Accession Number: 111442316; Larson, William 1; Yezer, Anthony 2; Email Address: yezer@gwu.edu; Affiliations: 1: Federal Housing Finance Agency, United States; 2: George Washington University, United States; Issue Info: Nov2015, Vol. 90, p35; Thesaurus Term: SIMULATION methods & models; Thesaurus Term: PER capita; Thesaurus Term: ECONOMIC development; Thesaurus Term: PUBLIC welfare; Subject Term: URBANIZATION -- Economic aspects; Author-Supplied Keyword: Commuting; Author-Supplied Keyword: Congestion; Author-Supplied Keyword: Gasoline; Author-Supplied Keyword: Greenbelt; Author-Supplied Keyword: Q40; Author-Supplied Keyword: R14; Author-Supplied Keyword: Urban simulation; NAICS/Industry Codes: 624190 Other Individual and Family Services; NAICS/Industry Codes: 525120 Health and Welfare Funds; NAICS/Industry Codes: 624230 Emergency and Other Relief Services; NAICS/Industry Codes: 923130 Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs); Number of Pages: 15p; Document Type: Article L3 - 10.1016/j.jue.2015.08.001 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=111442316&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Raman, Padmasini AU - Lee, Pamela AD - US Federal Housing Finance Agency AD - US Department of Housing and Urban Development T1 - Borrower Beware: Challenges in Providing and Using Consumer Credit: Guest Editors' Introduction JO - Cityscape: A Journal of Policy Development and Research JF - Cityscape: A Journal of Policy Development and Research Y1 - 2016/// VL - 18 IS - 2 SP - 3 EP - 7 N1 - Accession Number: 1601344; Publication Type: Journal Article; Update Code: 201611 KW - Introductory Material Y20 L3 - http://www.huduser.org/periodicals/cityscpe/prev_iss/cspast.html UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1601344&site=ehost-live&scope=site UR - http://www.huduser.org/periodicals/cityscpe/prev_iss/cspast.html DP - EBSCOhost DB - ecn ER - TY - UNPB AU - Bogin, Alexander N. AU - Doerner, William M. AU - Larson, William D. AD - Federal Housing Finance Agency AD - Federal Housing Finance Agency AD - Federal Housing Finance Agency T1 - Missing the Mark: House Price Index Accuracy and Mortgage Credit Modeling PB - The George Washington University, Department of Economics, Research Program on Forecasting, Working Papers: 2016-010 Y1 - 2016/// SP - 26 pages AV - Availability Note: Information provided in collaboration with the RePEc Project: http://repec.org N1 - Accession Number: 1599455; Keywords: house prices, loan-to-value, mortgage performance, credit model; Publication Type: Working Paper; Update Code: 201610 N2 - We make two contributions to the study of house price index and mortgage credit modeling accuracy. First, we assess the predictive power of house price indices calculated at different levels of geographic aggregation. Lower levels of aggregation offer superior fit when appreciation rates vary substantially across submarkets and the indices are based on a sufficient number of transactions. Second, we estimate a competing options credit model using 15 years of mortgage performance data in the United States. Model accuracy is highest when using indices at a city or lower level of aggregation to construct current loan-to-value ratios. Fit is weaker when using state or national price indices. Overall, this research highlights the benefits of using more localized house price indices when predicting property values and mortgage performance. KW - Large Data Sets: Modeling and Analysis C55 KW - Insurance; Insurance Companies; Actuarial Studies G22 KW - Real Estate Markets, Spatial Production Analysis, and Firm Location: General R30 KW - Finance in Urban and Rural Economies R51 L3 - https://www2.gwu.edu/~forcpgm/2016-010.pdf UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1599455&site=ehost-live&scope=site UR - https://www2.gwu.edu/~forcpgm/2016-010.pdf DP - EBSCOhost DB - ecn ER - TY - JOUR AU - Smith, Scott AU - Fuller, Debra AU - Bogin, Alex AU - Polkovnichenko, Nataliya AU - Weiher, Jesse T1 - Countercyclical capital regime revisited: Tests of robustness. JO - Journal of Economics & Business JF - Journal of Economics & Business Y1 - 2016/03// VL - 84 M3 - Article SP - 50 EP - 78 SN - 01486195 AB - Financial entities have been subject to risk-based capital requirements for many years. The experiences of the recent financial crisis led to heightened criticism that these rules are pro-cyclical, meaning they require insufficient capital during economic booms and excessive capital during busts. In response, recent revisions to such rules have included a countercyclical capital buffer, but it is problematic because implementation is discretionary with respect to both timing and amount on the part of regulators. An alternative rules-based countercyclical capital proposal put forth by Smith and Weiher (April, 2012. Countercyclical capital regime: a proposed design and empirical evaluation. Federal housing finance agency, working paper no . 12-2) that embodies a dynamically adjusting stress test for mortgage assets was intentionally structured to address these concerns. This paper tests the robustness of key elements of the Smith and Weiher (SW) countercyclical capital regime. Specifically, we examine each of the key design elements of the stress test, including construction of the trend line, the trough, and the time-path. We also expand on the empirical results presented by SW by showing how the resulting capital requirements might vary when their countercyclical stress test is applied using several different credit models. These tests of robustness support the conclusion that the SW countercyclical capital regime should produce capital requirements sufficient to ensure an entity would remain solvent during severe house price cycles. This conclusion is strongly supported by a test of concept of the countercyclical framework using Fannie Mae's historical book of business. If the countercyclical capital requirement had been in place during the run-up to the recent house price bubble, Fannie Mae would have been sufficiently capitalized to withstand losses it sustained in the subsequent housing crisis. This result is particularly noteworthy given that key components of the SW stress test were designed based upon pre-2002 data. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Economics & Business is the property of Elsevier Science Publishing Company, Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - CAPITAL requirements KW - FINANCIAL institutions KW - CORPORATIONS -- Finance KW - CAPITAL investments KW - HOME prices KW - Capital KW - Countercyclical KW - Credit risk KW - E3 KW - E5 KW - G2 KW - H3 KW - House prices KW - Stress test N1 - Accession Number: 114132431; Smith, Scott 1; Email Address: scott.smith@fhfa.gov; Fuller, Debra 1; Email Address: debra.fuller@fhfa.gov; Bogin, Alex 1; Email Address: alexander.bogin@fhfa.gov; Polkovnichenko, Nataliya 1; Email Address: nataliya.polkovnichenko@fhfa.gov; Weiher, Jesse 1; Email Address: jesse.weiher@fhfa.gov; Affiliations: 1: Federal Housing Finance Agency, Office of Capital Policy, 400 7th Street S.W., Washington, DC 20024, United States; Issue Info: Mar2016, Vol. 84, p50; Thesaurus Term: CAPITAL requirements; Thesaurus Term: FINANCIAL institutions; Thesaurus Term: CORPORATIONS -- Finance; Thesaurus Term: CAPITAL investments; Thesaurus Term: HOME prices; Author-Supplied Keyword: Capital; Author-Supplied Keyword: Countercyclical; Author-Supplied Keyword: Credit risk; Author-Supplied Keyword: E3; Author-Supplied Keyword: E5; Author-Supplied Keyword: G2; Author-Supplied Keyword: H3; Author-Supplied Keyword: House prices; Author-Supplied Keyword: Stress test; NAICS/Industry Codes: 522291 Consumer Lending; Number of Pages: 29p; Document Type: Article L3 - 10.1016/j.jeconbus.2015.11.004 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=114132431&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - WHITE, LAWRENCE J. T1 - Housing Policy, The Morning After. JO - Milken Institute Review: A Journal of Economic Policy JF - Milken Institute Review: A Journal of Economic Policy Y1 - 2016///2016 2nd Quarter M3 - Article SP - 64 EP - 78 SN - 15234282 AB - The article focuses on aspects of the housing policy and housing finance in the U.S. Topics include the subsidization of housing to build as many houses as possible for buyers, the negative impact of the interest of people in buying more than one house on investments other than housing, and the practice of lenders to evaluate their prospective borrowers' ability to meet their obligations to protect themselves against credit risk through mortgage underwriting. KW - HOUSING KW - FINANCE KW - HOUSING subsidies KW - HOME ownership KW - MORTGAGE underwriting KW - HOUSING policy -- United States KW - UNITED States KW - ECONOMIC aspects N1 - Accession Number: 115755547; WHITE, LAWRENCE J. 1,2; Affiliations: 1: Professor of economics at NYU's Stern School, specializing in regulation; 2: Member of the defunct Federal Home Loan Bank Board; Issue Info: 2016 2nd Quarter, p64; Thesaurus Term: HOUSING; Thesaurus Term: FINANCE; Thesaurus Term: HOUSING subsidies; Thesaurus Term: HOME ownership; Thesaurus Term: MORTGAGE underwriting; Subject Term: HOUSING policy -- United States; Subject Term: UNITED States; Subject Term: ECONOMIC aspects; Number of Pages: 15p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=115755547&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - BOGIN, ALEXANDER N. AU - POLKOVNICHENKO, NATALIYA AU - DOERNER, WILLIAM M. T1 - Overlooked Market Risk Shocks: Prepayment Uncertainty and Option-Adjusted Spreads. JO - Journal of Fixed Income JF - Journal of Fixed Income Y1 - 2016///Fall2016 VL - 26 IS - 2 M3 - Article SP - 5 EP - 15 SN - 10598596 AB - The article reports that the assessments of market risk for economic or regulatory capital involve calculating a portfolio's sensitivity to key risk-factor movements. Practitioners in fixed-income markets have focused on two classical sources of risk and adverse changes in interest rates and volatility. KW - INVESTMENTS KW - INTEREST rates KW - FIXED-income securities KW - FIXED incomes KW - FINANCE N1 - Accession Number: 118727636; BOGIN, ALEXANDER N. 1; Email Address: alexander.bogin@fhfa.gov; POLKOVNICHENKO, NATALIYA 1; Email Address: nataliya.polkovnichenko@fhfa.gov; DOERNER, WILLIAM M. 1; Email Address: william.doerner@fhfa.gov; Affiliations: 1: Senior economist at the Federal Housing Finance Agency in Washington, DC; Issue Info: Fall2016, Vol. 26 Issue 2, p5; Thesaurus Term: INVESTMENTS; Thesaurus Term: INTEREST rates; Thesaurus Term: FIXED-income securities; Thesaurus Term: FIXED incomes; Thesaurus Term: FINANCE; NAICS/Industry Codes: 523930 Investment Advice; NAICS/Industry Codes: 523999 Miscellaneous Financial Investment Activities; Number of Pages: 11p; Document Type: Article; Full Text Word Count: 5922 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=118727636&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - DEMARCO, ED T1 - Homeownership, Wealth Creation and Financial Stability. JO - Milken Institute Review: A Journal of Economic Policy JF - Milken Institute Review: A Journal of Economic Policy Y1 - 2016///2016 4th Quarter M3 - Article SP - 48 EP - 59 SN - 15234282 AB - The article discusses the promotion of homeownership in the U.S. Topics mentioned include the housing policy of the government designed to promote homeownership, motivation of American families to buy houses as a means of personal wealth creation, and the aspects which undermine the wealth building capacity of homeownership, such as withdrawal of equity through cashout refinancing and the economic returns to ownership. KW - HOME ownership KW - HOUSE buying KW - WEALTH KW - EQUITY (Real property) KW - MORTGAGE loans -- Refinancing KW - UNITED States N1 - Accession Number: 119996206; DEMARCO, ED 1,2,3; Affiliations: 1: Senior fellow in residence at the Milken Institute's Center for Financial Markets; 2: Acting director of the Federal Housing Finance Agency; 3: Post-crisis conservator for Fannie Mae and Freddie Mac; Issue Info: 2016 4th Quarter, p48; Thesaurus Term: HOME ownership; Thesaurus Term: HOUSE buying; Thesaurus Term: WEALTH; Thesaurus Term: EQUITY (Real property); Thesaurus Term: MORTGAGE loans -- Refinancing; Subject Term: UNITED States; Number of Pages: 12p; Document Type: Article UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=119996206&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Bogin, Alexander AU - Bruestle, Stephen AU - Doerner, William T1 - How Low Can House Prices Go? Estimating a Conservative Lower Bound. JO - Journal of Real Estate Finance & Economics JF - Journal of Real Estate Finance & Economics Y1 - 2017/01// VL - 54 IS - 1 M3 - Article SP - 97 EP - 116 SN - 08955638 AB - In risk management, the credit risk and required capital associated with mortgage assets is often estimated through stress testing where the house price path is an important determinant of the severity of the stress test. Specifically, the extent of credit-related losses is a function of how far house prices are above long-term trend and the extent to which they can fall below trend. Focusing on the latter, we develop a theoretically-based statistical technique to identify a conservative lower bound (CLB) for house prices. Leveraging a model based upon investor incentives, the CLB explains the depth of housing market downturns at both the national and state level over a variety of market environments. This approach performs well in several historical back tests and has strong out-of-sample predictive ability. When back-tested, the estimation approach does not understate house price declines in any state over the 1987 to 2001 housing cycle and only understates declines in three states during the most recent financial crisis. This latter result is particularly noteworthy given that the post-2001 estimates are performed out-of-sample. The CLB is attractive because it (1) provides a leading indicator of the severity of future downturns and (2) allows estimates of trough to recover or decrease in magnitude as markets return to baseline conditions. This estimation technique could prove helpful in measuring the credit risk associated with portfolios of mortgage assets as part of evaluating static or designing dynamic stress tests. [ABSTRACT FROM AUTHOR] AB - Copyright of Journal of Real Estate Finance & Economics is the property of Springer Science & Business Media B.V. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - HOME prices KW - HOUSING market KW - FINANCIAL stress KW - FINANCIAL crises KW - FINANCIAL risk management KW - ECONOMIC indicators KW - QUANTITATIVE research KW - Financial stress testing KW - House prices KW - Lower bound KW - Trend KW - Trough N1 - Accession Number: 120598690; Bogin, Alexander 1; Email Address: alexander.bogin@fhfa.gov; Bruestle, Stephen 2; Email Address: sdb8g@virginia.edu; Doerner, William 1; Email Address: william.doerner@fhfa.gov; Affiliations: 1: Office of Policy Analysis and Research, Capital Policy Branch , Federal Housing Finance Agency , 400 7th Street SW Washington 20024 USA; 2: School of Business , Penn State Erie , 0281 Jack Burke Res Center, Behrend Erie 16563 USA; Issue Info: Jan2017, Vol. 54 Issue 1, p97; Thesaurus Term: HOME prices; Thesaurus Term: HOUSING market; Thesaurus Term: FINANCIAL stress; Thesaurus Term: FINANCIAL crises; Thesaurus Term: FINANCIAL risk management; Thesaurus Term: ECONOMIC indicators; Thesaurus Term: QUANTITATIVE research; Author-Supplied Keyword: Financial stress testing; Author-Supplied Keyword: House prices; Author-Supplied Keyword: Lower bound; Author-Supplied Keyword: Trend; Author-Supplied Keyword: Trough; Number of Pages: 20p; Document Type: Article L3 - 10.1007/s11146-015-9538-8 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=120598690&site=ehost-live&scope=site DP - EBSCOhost DB - buh ER - TY - JOUR AU - Larson, William AU - Zhao, Weihua T1 - TELEWORK: URBAN FORM, ENERGY CONSUMPTION, AND GREENHOUSE GAS IMPLICATIONS. JO - Economic Inquiry JF - Economic Inquiry Y1 - 2017/04// VL - 55 IS - 2 M3 - Article SP - 714 EP - 735 SN - 00952583 AB - A primary motivation of telework policy is to reduce energy consumption and greenhouse gas emissions. Using a numerical simulation of the standard urban model, we show telework causes sprawl, calling into question the idea that telework decreases energy consumption. Overall effects depend on wage changes due to telework, land-use regulation such as height limits or greenbelts, and the telework participation rate. While energy consumption increases in some scenarios, emissions may fall due to changes in the energy mix between gasoline and other sources. ( JEL R11, R28, C60) [ABSTRACT FROM AUTHOR] AB - Copyright of Economic Inquiry is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) KW - ENERGY consumption KW - TELECOMMUTING KW - GREENHOUSE gases KW - COMPUTER simulation KW - ECONOMICS -- Research N1 - Accession Number: 121659222; Larson, William 1 Zhao, Weihua 2; Affiliation: 1: Senior Economist, Federal Housing Finance Agency 2: Assistant Professor, Department of Economics, University of Louisville; Source Info: Apr2017, Vol. 55 Issue 2, p714; Subject Term: ENERGY consumption; Subject Term: TELECOMMUTING; Subject Term: GREENHOUSE gases; Subject Term: COMPUTER simulation; Subject Term: ECONOMICS -- Research; NAICS/Industry Codes: 541720 Research and Development in the Social Sciences and Humanities; Number of Pages: 22p; Illustrations: 9 Charts, 5 Graphs; Document Type: Article L3 - 10.1111/ecin.12399 UR - https://auth.lib.unc.edu/ezproxy_auth.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=121659222&site=ehost-live&scope=site DP - EBSCOhost DB - aph ER -