Search Results

Showing results 1 to 3 of approximately 3.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:credit performance 

Working Paper
BORROWER CREDIT ACCESS AND CREDIT PERFORMANCE AFTER LOAN MODIFICATIONS

While the preventive effect of loan modifications on mortgage default has been well-documented, evidence on the broad consequences of modifications has been fairly limited. Based on two unique loan-level data sets with borrower credit profiles, this study reports novel empirical evidence on how homeowners manage their credit before and after receiving modifications. The paper has several main findings. First, loan modifications improve borrowers? overall credit standing and access to credit. Modifications that provide principal reduction, rate reduction, or greater payment relief, as well as ...
Working Papers , Paper 16-26

Working Paper
Fintech Lending: Financial Inclusion, Risk Pricing, and Alternative Information

Fintech has been playing an increasing role in shaping financial and banking landscapes. Banks have been concerned about the uneven playing field because fintech lenders are not subject to the same rigorous oversight. There have also been concerns about the use of alternative data sources by fintech lenders and the impact on financial inclusion. In this paper, we explore the advantages/disadvantages of loans made by a large fintech lender and similar loans that were originated through traditional banking channels. Specifically, we use account-level data from the Lending Club and Y-14M bank ...
Working Papers , Paper 17-17

Working Paper
Bank Stress Test Results and Their Impact on Consumer Credit Markets

Using Federal Reserve (Fed) confidential stress test data, we exploit the gap between the Fed and bank capital projections as an exogenous shock to banks and analyze how this shock is transmitted to consumer credit markets. First, we document that banks in the 90th percentile of the capital gap reduce their new supply of risky credit by 13 percent compared with those in the 10th percentile and cut their overall credit card risk exposure on an annual basis. Next, we show that these banks find alternative ways to remain competitive and attract customers by lowering interest rates and offering ...
Working Papers , Paper 20-30

FILTER BY year

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

Agarwal, Sumit 1 items

An, Xudong 1 items

Cordell, Lawrence R. 1 items

Ding, Lei 1 items

Jagtiani, Julapa 1 items

Lemieux, Catharine 1 items

show more (2)

FILTER BY Jel Classification

G21 3 items

G28 2 items

D12 1 items

E20 1 items

E51 1 items

E65 1 items

show more (4)

PREVIOUS / NEXT