Search Results

Showing results 1 to 3 of approximately 3.

(refine search)
Author:Sarama, Robert F. 

Working Paper
End of the Line: Behavior of HELOC Borrowers Facing Payment Changes

An important question in the household finance literature is whether a change in required debt payments affects borrower behavior. One challenge in this literature has been identifying whether higher default rates observed after an increase in debt payments stem from the inability of borrowers to pay the higher amount, or the attrition of better borrowers in advance of the payment change. A related question is whether the higher default rate is a result of specific features of the debt product, or the type of borrower who chooses the product. We address both of these questions as they relate ...
Finance and Economics Discussion Series , Paper 2015-73

Working Paper
The Impact of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves

The new forward-looking credit loss provisioning standard, CECL, is intended to promote proactive provisioning as loan loss reserves can be conditioned on expectations of the economic cycle. We study the degree to which one modeling decision?expectations about the path of future house prices ? affects the size and timing of provisions for first-lien residential mortgage portfolios. While we find that provisions are generally less pro-cyclical compared to the current incurred loss standard, CECL may complicate the comparability of provisions across banks and time. Market participants will need ...
Finance and Economics Discussion Series , Paper 2018-020

Discussion Paper
Cyclicality and the Severity of the U.S. Supervisory Stress Test: 2014 to 2018

In this study, we provide a measure of the severity of the 2014-2018 US supervisory stress tests, and examine how that severity measure has evolved.
FEDS Notes , Paper 2019-06-07


FILTER BY Content Type


FILTER BY Jel Classification

G21 2 items

D14 1 items

G28 1 items

M40 1 items

M48 1 items

R31 1 items

show more (1)

FILTER BY Keywords

Accounting rule change 1 items

CECL 1 items

HELOC 1 items

Model risk 1 items

Mortgage loans 1 items

consumer credit 1 items

show more (4)