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RBA Glossary definition for lender

lender – A person or institution which provides loans on agreed terms to borrowers.

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Robustness Tests

31 Dec 2013 RDP 2013-05
Gianni La Cava
The dummy variable is interacted with the share of loans sold by each lender. ... Table 6: New Mortgage Lending by Non-bank Lenders. OLS. Tract fixed effects.
https://www.rba.gov.au/publications/rdp/2013/2013-05/robustness-tests.html

Liquidity Shocks and the US Housing Credit Crisis of 2007–2008

5 Jun 2013 RDP 2013-05
Gianni La Cava
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-05.html

Appendix A: Identifying the Effect of Credit Supply Shocks

31 Dec 2013 RDP 2013-05
Gianni La Cava
But suppose the region borrows from both an OTD lender and an non-OTD lender. ... Denote the OTD lender with subscript O and the non-OTD lender with subscript N.
https://www.rba.gov.au/publications/rdp/2013/2013-05/appendix-a.html

Data

31 Dec 2013 RDP 2013-05
Gianni La Cava
The HMDA dataset covers bank and non-bank lenders (i.e. mortgage companies). ... I exclude other lender-level variables, such as measures of profitability, as these data are unavailable for non-bank lenders.
https://www.rba.gov.au/publications/rdp/2013/2013-05/data.html

Conclusion

31 Dec 2013 RDP 2013-05
Gianni La Cava
crisis. For example, the results are upheld when I control for unobservable changes in bank risk-taking through lender-specific time trends. ... In other words, systematic differences in lending standards between OTD and non-OTD lenders do not appear to
https://www.rba.gov.au/publications/rdp/2013/2013-05/conclusion.html

Appendix C: Estimating the Unbiased Aggregate Effect of the Liquidity Shock

31 Dec 2013 RDP 2013-05
Gianni La Cava
For simplicity, suppose there are no control variables. Recall Equation (2) (without controls) estimated at the lender-tract level:. ... where. denotes the log change in credit for tract j across all mortgage lenders.
https://www.rba.gov.au/publications/rdp/2013/2013-05/appendix-c.html

Introduction

31 Dec 2013 RDP 2013-05
Gianni La Cava
Under this assumption, a reduction in credit by OTD lenders relative to non-OTD lenders within a tract implies that a negative lender liquidity shock, and hence a decline in credit ... This points to a general flight to quality by US mortgage lenders
https://www.rba.gov.au/publications/rdp/2013/2013-05/introduction.html

Institutional Background

31 Dec 2013 RDP 2013-05
Gianni La Cava
The non-OTD lenders retain, rather than sell, most of the loans on their balance sheets. ... This distinction between the two groups of lenders – the OTD and non-OTD lenders – is important in this study.
https://www.rba.gov.au/publications/rdp/2013/2013-05/institutional-background.html

Appendix D: The Measurement of Subprime Mortgage Lending

31 Dec 2013 RDP 2013-05
Gianni La Cava
be used by the lender).
https://www.rba.gov.au/publications/rdp/2013/2013-05/appendix-d.html

Literature Review

31 Dec 2013 RDP 2013-05
Gianni La Cava
Alternatively, certain lenders may specialise in lending to distant borrowers and have more sophisticated loan screening and monitoring technologies than local lenders. ... The bank lending channel measures the effect of monetary policy shocks on the
https://www.rba.gov.au/publications/rdp/2013/2013-05/literature-review.html