| Title |
Date |
Publication |
Author(s) |
Type |
| Monetary policy in the cold war era
|
June, 1997 |
Federal Reserve Bank of Cleveland, Economic Commentary |
Mark S Sniderman; |
Economic Commentary |
| Abstract: An explanation of why, in the face of a booming economy, low unemployment, and scant inflation pressures, the Federal Reserve must continue its campaign to achieve price stability.
|
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| Information dynamics and CRA strategy
|
February, 1997 |
Federal Reserve Bank of Cleveland, Economic Commentary |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Economic Commentary |
| Abstract: A look at how the quantity and source of information flowing to lenders can affect their credit decisions, and an argument that lenders should take advantage of the CRA provisions that allow them to address their obligations through joint-lending programs and qualified investments.
|
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| Inflation targets: the next step for monetary policy
|
August, 1996 |
Federal Reserve Bank of Cleveland, Economic Commentary |
Mark S Sniderman; |
Economic Commentary |
top |
| Neighborhood information and home mortgage lending
|
January, 1996 |
Federal Reserve Bank of Cleveland, Working Paper no. 9620 |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Working Papers |
| Abstract: In this paper, we empirically examine how information about a neighborhood
affects the level of lending activity in it. Specifically, do lenders deny mortgage
applications at higher rates in neighborhoods where they have little experience in
evaluating applications, and/or in neighborhoods where the lending community in
general has little experience? The analysis uses data collected under the Home
Mortgage Disclosure Act (HMDA) for 1990 and 1991 to construct denial rates for each
lender in each census tract, controlling for applicant characteristics observed in the
HMDA data. We then estimate the relationship between these lender-tract denial rates
and both the number of applications processed by the lender in that neighborhood and
the number of applications processed by all lenders in that neighborhood, controlling
for other characteristics of the census tract and for the lender.
|
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| Underserved mortgage markets: evidence from HMDA data
|
December, 1994 |
Federal Reserve Bank of Cleveland, Working Paper no. 9421 |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Working Papers |
| Abstract: A baseline evaluation of the variation in mortgage credit flows across different types of neighborhoods using HMDA data collected in 1990 and 1991.
|
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| Cross-Lender Variation in Home Mortgage Lending
|
October, 1994 |
Federal Reserve Bank of Cleveland, Economic Review, vol. 30, no.4 |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Economic Review |
| Abstract: This study evaluates the feasibility of using information collected under the Home Mortgage Disclosure Act (HMDA) to form quantitative measures of lender activity for use in enforcement. By evaluating three firm-level measures- loan application, approval, and origination rates-the authors find that cross-lender variation in minority and low-income originations primarily reflects differences in home mortgage application rates, not in approval rates. The authors also compare gross measures of lender performance with indices controlling for property location and loan applicant characteristics and determine that they perform similarly. This suggests that most of the variation in lender behavior is idiosyncratic and cannot be attributed to variance in applicant characteristics reported in the HMDA data or to differences in the geographic markets served by the lenders.
|
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| Issues in CRA reform
|
March, 1994 |
Federal Reserve Bank of Cleveland, Economic Commentary |
Mark S Sniderman; |
Economic Commentary |
top |
| Posted rates as signals in mortgage lending markets
|
January, 1994 |
Federal Reserve Bank of Cleveland, Working Paper no. 9419 |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Working Papers |
| Abstract: A discussion of how mortgage lenders might use posted lending terms to signal both their eagerness to take new loan applications and their lending standards.
|
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| Home mortgage lending by the numbers
|
February, 1993 |
Federal Reserve Bank of Cleveland, Economic Commentary |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Economic Commentary |
top |
| Accounting For Racial Differences in Housing Credit Markets
|
January, 1993 |
Federal Reserve Bank of Cleveland, Working Paper no. 9310 |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Working Papers |
| Abstract: A documentation of racial and neighborhood differences in home mortgage denial rates using data collected under the Home Mortgage Disclosure Act, exploring the extent to which objective lending criteria are responsible for observed differences. The authors find persistent variations in denial rates between white and minority applicants, but emphasize that the HMDA data do not contain enough relevant information to draw any firm conclusions regarding causation.
|
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| Lender consistency in housing credit markets
|
January, 1993 |
Federal Reserve Bank of Cleveland, Working Paper no. 9309 |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Working Papers |
| Abstract: An examination of how and why individual financial institutions vary in their propensity to attract and approve mortgage applications from minorities, using Home Mortgage Disclosure Act data.
|
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| Cross-Lender Variation In Home Mortgage Lending
|
January, 1992 |
Federal Reserve Bank of Cleveland, Working Paper no. 9219 |
Mark S Sniderman; Robert B Avery; Patricia E Beeson; |
Working Papers |
| Abstract: A lender-specific analysis of differences in minority and low-income mortgage loan originations using new applicant-level data gathered under the Home Mortgage Disclosure Act of 1975.
|
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| Collective Bargaining and Disinflation
|
February, 1984 |
Federal Reserve Bank of Cleveland, Economic Commentary |
Mark S Sniderman; Daniel A Littman; |
Economic Commentary |
top |
| The Welfare Implications of Alternative Unemployment Insurance Plans
|
January, 1981 |
Federal Reserve Bank of Cleveland, Working Paper no. 8101 |
Mark S Sniderman; |
Working Papers |
| Abstract: This paper investigates a penumbral
issue in the UI financing literature: the relationship
between experience rating, public and private UI systems, and
individual welfare.
|
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