Journal Article
Measuring pricing bias in mortgages
Longhofer, Stanley D. (1998-08)
Detecting and measuring discrimination in the pricing of mortgage loans present unique challenges for bank regulators. This Commentary outlines how loans are priced in the mortgage market and the difficulties involved in comparing the prices charged to different borrowers.
Economic Commentary , Issue Aug

Conference Paper
The importance of bank seniority for relationship lending
Longhofer, Stanley D.; Santos, Joao A. C. (1999)
Proceedings , Paper 620

Working Paper
Absolute priority rule violations, credit rationing, and efficiency
Longhofer, Stanley D. (1997)
A demonstration that violations of the absolute priority rule exacerbate credit rationing problems by reducing the payment lenders receive in default states.
Working Papers (Old Series) , Paper 9710

Conference Paper
Housing-finance intervention and private incentives: helping minorities and the poor
Longhofer, Stanley D.; Calomiris, Charles W.; Kahn, Charles M. (1994)
Proceedings

Journal Article
Mortgage brokers and fair lending
Calem, Paul S.; Longhofer, Stanley D. (1999-05)
Mortgage brokers play an important role in the housing finance market, but they also present unique challenges to regulators attempting to enforce fair lending laws. Should lenders be held responsible for the pricing decisions of brokers from whom they receive loan applications, or should fair lending laws instead be applied directly to the brokers themselves?
Economic Commentary , Issue May

Journal Article
Rooting out discrimination in home mortgage lending
Longhofer, Stanley D. (1995-11)
An argument that racial discrimination in the home mortgage market arises not only from bigotry, but from statistical discrimination (wherein race is correlated with some hard-to-measure determinants of creditworthiness) and from a lack of cultural affinity between lenders and minorities. The author argues that each of these causes may require a different remedy.
Economic Commentary , Issue Nov

Working Paper
The role of warrants in corporate reorganizations
Longhofer, Stanley D. (1995)
An argument that informational asymmetries explain why the original shareholders of some firms emerge from Chapter 11 bankruptcy proceedings with stock in the reorganized company, while others receive warrants. By proposing a reorganization plan in which they receive warrants, the original stockholders of a firm with good future prospects can signal their superior information to the creditors in a way that firms with poor prospects will not wish to mimic.
Working Papers (Old Series) , Paper 9512

Working Paper
A note on absolute priority rule violations, credit rationing, and efficiency
Longhofer, Stanley D. (1995)
An argument that APR violations exacerbate credit rationing problems by reducing the payment lenders receive in default states.
Working Papers (Old Series) , Paper 9513

Journal Article
Cultural affinity and mortgage discrimination
Longhofer, Stanley D. (1996-07)
Economic Review , Issue Q III , Pages 12-24

Working Paper
The importance of bank seniority for relationship lending
Santos, João A. C.; Longhofer, Stanley D. (1998)
The authors examine two aspects of a bank's interaction with its borrowers--the relative priority of bank debt and the role of banks as "relationship lenders." They show that making the bank senior improves its incentives to build a relationship with the firm, thereby fulfilling an important function of intermediated debt.
Working Papers (Old Series) , Paper 9808