Performance and Profitability of Cra-Related Lending

by Barry Leonard

Publisher: Diane Pub Co

Written in English
Published: Pages: 141 Downloads: 580
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Subjects:

  • Banks & Banking,
  • Business & Economics,
  • Business/Economics
The Physical Object
FormatPaperback
Number of Pages141
ID Numbers
Open LibraryOL10857422M
ISBN 100756723981
ISBN 109780756723989

The performance and profitability of CRA-related lending. Washington, DC: Board of Governors of the Federal Reserve System. [Page ]. The Federal Reserve Board is required to produce a report that will detail default, delinquency and profitability rates of CRA-focused lending activities. Additionally, the Treasury Department must conduct a study to determine if the CRA is encouraging financial institutions to produce adequate services to the targeted : Tiffany Guynes. 2 The Income Tax Act does not define a related or unrelated business, apart from saying that a volunteer-run business is to be considered a related business, even if there is no link between the business and the objects of the charity. 3. Charity law, reinforced by provisions in the Income Tax Act, 4 requires that charities have exclusively.   CRA/Fair Lending This may make it more difficult for banks to explain different results for racial or ethnic minorities, and may refuel the charges that HMDA data reveals discrimination. For the past two years, examiners have conducted intensive fair lending examinations of banks by using a file comparison technique.

Performance and Profitability of Cra-Related Lending, Barry Leonard Between Sorrow and Strength - Women Refugees of the Nazi Period, Sibylle Quack Sex Stuff for Kids - A Book of Practical Information & Ideas for Kids & Their Teachers & Parents, Contains Chapter on.   Book value per share $ $ (“CRA”) related equity investments income and a $, decrease in cost on debt extinguishment, partially offset by . Credit Risk, Credit Scoring, and the Performance of Home Mortgages from Federal Reserve Bulletin, July   In addition, other income decreased $, from the third quarter of primarily due to a $, decrease in income on Community Reinvestment Act (“CRA”) related equity investments and.

Urban decay explained. Urban decay (also known as urban rot and urban blight) is the sociological process by which a previously functioning city, or part of a city, falls into disrepair and decrepitude. It may feature deindustrialization, depopulation or deurbanization, economic restructuring, abandoned buildings and infrastructure, high local unemployment, fragmented .   A recent sampling of CDFI performance 2 found that 81 CDFIs managing $ billion in assets had provided more than $ billion in financing. They did this with a percent cumulative loss rate.   This paper provides a review of the recent financial institution mergers and acquisition (M&A) literature covering over studies. Several robust themes emerge in the post literature. North American bank mergers are (or can be) efficiency improving, although the event-study literature presents a mixed picture regarding stockholder wealth by: Irvine, Calif., Janu -- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company”), the holding company of Pacific Premier Bank (the “Bank”), reported net income for the fourth quarter of of $ million, or $ per diluted share, compared with net income of $ million, or $ per diluted share, for the third quarter of and net income of .

Performance and Profitability of Cra-Related Lending by Barry Leonard Download PDF EPUB FB2

The Performance and Profitability of CRA-Related Lending. the loans’ delinquency and default rates—their performance—as well as their profitability. This Commentary reports the results. The Performance and Profitability of CRA-Related Lending: Issues and Evidence A key objective of the study is to determine if, on average, there are significant differences between the performance and profitability of CRA-related lending and other lending for a given product type.

The Board’s study focused on the loans’ delinquency and default rates— their performance—as well as their profitability. This Commentary reports the results of the study. In Novemberthe U.S. Congress asked the Board of Governors of the Federal Reserve System to conduct a comprehensive study of loans made under the Community Cited by: Downloadable.

In Novemberthe U.S. Congress asked the Board of Governors of the Federal Reserve System to conduct a comprehensive study of loans made under the Community Reinvestment Act of The Board?s study focused on the loans.

delinquency and default rates?their performance?as well as their profitability. This Commentary reports the results of. 2Avery, Robert B., Raphael W. Bostic and Glenn B. Canner (), “CRA Special Lending Programs,” Federal Reserve Bulle pp.

; Board of Governors of the Federal Reserve System (), “The Performance and Profitability of CRA-Related Lending,” report to the Congress; Canner, Glenn B., Elizabeth Laderman, Andreas Lehnert, and Wayne Passmore, File Size: 88KB.

In Marchthe Board of Governors conducted a special CRA loan survey to gather information about the performance and profitability of CRA-related lending. The two parts of the survey focus on experiences with one- to four-family. Small Bank Performance Criteria.

Institutions with less than $ million in total assets have a streamlined assessment method called the Small Bank Lending Evaluation, which include five performance criteria: 1. Loan-to deposit ratio responsive to credit needs 2. Percentage of loans/lending-related activity in an institution’s assessment area 3.

The Profitability of CRA Programs. In NovemberCongress asked the Board of Governors of the Federal Reserve System to study the performance and profitability of CRA-related lending activities.

The Board surveyed large retail banking institutions about their CRA special mortgage programs and received responses from Author: O. Emre Ergungor. This article discusses key features of the CRA Performance and Profitability of Cra-Related Lending book presents results from our analysis of several data sources regarding the volume and performance of CRA-related mortgage lending.

On balance, the evidence runs counter to the contention that the CRA lies at the root of the current mortgage crisis. "The performance and profitability of CRA-related lending," Economic Commentary, Federal Reserve Bank of Cleveland, issue Nov.

Robert B. Avery & Raphael W. Bostic & Glenn B. Canner, " CRA special lending programs," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Nov, pages Survey of the Performance and Profitability of CRA-Related Lending, Septem Section of the Gramm-Leach-Bliley Act of (Public Law ) directs the Board of Governors of the Federal Reserve System to study and report to the Congress on the default rates, delinquency rates, and profitability of lending activities Enacted by: the 95th United States Congress.

Robert B. Avery's 68 research works with 2, citations and 4, reads, including: Death and Taxes: An Evaluation of the Impact of Prospective Policies for Taxing Wealth at the Time of Death. Raphael W. Bostic took office June 5,as the 15th president and chief executive officer of the Federal Reserve Bank of Atlanta.

He is responsible for all the Bank's activities, including monetary policy, bank supervision and regulation, and payment services.

He is a participant on the Federal Open Market Committee, the monetary. Stop Insuring Mortgages in part by government's moves to encourage mortgage lending to unqualified or at best unproven borrowers. Report on The Performance and Profitability of CRA-Related. Urban decay (also known as urban rot and urban blight) is the sociological process by which a previously functioning city, or part of a city, falls into disrepair and decrepitude.

It may feature deindustrialization, depopulation or deurbanization, economic restructuring, abandoned buildings and infrastructure, high local unemployment, increased poverty, fragmented families, low.

include a summary of any credit needs identified and particular lending opportunities which were noted. Discuss, if appropriate, the number and kinds of CRA-related community contacts that were consulted and relevant information obtained and used, if any, in the CRA evaluation.

Typically, more detailedFile Size: 53KB. Large Institution CRA Examination Procedures OCC, FRB, and FDIC April 5 criteria. Use this assessment area(s) to evaluate the institution's performance, but do not otherwise consider the revision in determining the institution's rating.

Lending, Investment, and Service Tests for Large Retail Institutions. Lending Test. Size: KB. Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act 49 Lending Test also favors the use of innovative or flexible lending practices “in a safe and sound manner to address the credit needs of low- or moderate-income individuals or geographies.”17 In response to this call for innovative lending practic-File Size: KB.

Richard Rothstein, in his book, The Color of Law, described how federal, state and local law created redlining and discouraged both Federal Housing Administration (FHA) and conventional lending from serving communities of color.

4 Reflecting the racial attitudes of the time, the private sector readily complied. This book has been cited by the following publications. The Persistence of Discrimination in Mortgage Lending.

In Briggs, X. de Souza The Performance and Profitability of CRA-Related Lending. Boase, J., Horrigan, J. B., Wellman, B., & Rainie, L. The Strength of Internet Ties.

Pew Internet and American Life Project. It is also clear that the performance context is the keystone to the new CRA examination. In spite of its importance, performance context remains a hazy concept.

In fact, a bank's assessment area and its performance context seem to be the starting points for most of the disagreements between the examiners and the examined. Exams already weight retail lending based on their volume. For example, if home purchase loans were 70% of a bank’s home loan portfolio and refinance lending was 30%, then performance on home purchase and refinance lending would contribute to 70% and 30%, respectively, of the rating or score on home lending performance.

Raphael W. Bostic took office June 5,as the 15th president and chief executive officer of the Federal Reserve Bank of Atlanta. He is responsible for all the Bank's activities, including monetary policy, bank supervision and regulation, and payment services.

Survey of the Performance and Profitability of CRA-Related Lending, Septem Section of the Gramm-Leach-Bliley Act of (Public Law ) directs the Board of Governors of the Federal Reserve System to study and report to the Congress on the default rates, delinquency rates, and profitability of lending activities.

Review prior CRA performance evaluations, available community contact materials, HMDA and CRA performance data including the institution's lending, investment, and service activities by assessment area, the lending of other lenders in those markets, and demographic information from those markets.

The institution did not receive any CRA-related complaints since the previous evaluation; In addition, the bank’s lending performance to businesses with GARs increased in While lending activity in both years was below demographics, the bank’s have a book value of $, as of J (1) Average balance includes loans held for sale and nonperforming loans and is net of deferred loan origination fees/costs and discounts/premiums.

(2) Includes net discount accretion of $ million, $ million and $ million, respectively. (3) Represents net interest income divided by average interest-earning assets. (4) Represents annualized total interest expense divided by. Federal Reserve Bulletin, November by Board of Governors of the Federal Reserve System (U.S.), Federal Reserve Board.

Federal Reserve Report on The Performance and Profitability of CRA-Related Lending Among the findings: •Delinquency rates for CRA loans in the home purchase and. The Performance and Profitability of CRA-Related Lending Washington, DC: Board of Governors of the Federal Reserve System, HOUSING FOR SPECIAL POPULATIONS.

Granny Flats as Housing for the Elderly: International Perspectives Lazarowich, N. Michael, ed. Binghamton, NY: Haworth Press. unknown costs associated with fair lending violations, poor CRA performance ratings, and adverse publicity from CRA-related protests of mergers or other applications.

The results are also consistent with the view that the effectiveness of CRA agreements in increasing lending activity is ultimately determined by the persistence and sophistication.The Lending Test considered the institution’s performance according to the following criteria.

Loan-to-deposit ratio Assessment area concentration Geographic distribution Borrower profile Response to CRA-related complaints The Community. The Performance And Profitability Of CRA-Related Lending Results of Part A–The Survey of CRA Lending.

43 Home Purchase and Refinance Lending. 44 Home Improvement Lending. 51 Small (now merged with Bank of America) Aside from research on affordable home mortgage Access Doc.