Credit Scoring and the Availability, Price, and Risk of Small Business Credit (2005)
Berger, Allen N., Frame, W. Scott., Miller, Nathan H.
Journal of Money, Credit, and Banking - Volume 37, Number 2, March 2005
Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire? (2005)
Frame, W. Scott, White, Lawrence J.
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their...
Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire? (2005)
Frame, W. Scott, White, Lawrence J.
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their...
Regulating Housing GSEs: Thoughts on Institutional Structure and Authorities (2004)
White, Lawrence J., Frame, W. Scott
The appropriate regulatory structure for the three housing government-sponsored enterprises (GSEs) raises interesting issues of political economy, as well as being an active concern for the Congress...
Emerging Competition and Risk-Taking Incentives at Fannie Mae and Freddie Mac (2004)
White, Lawrence J., Frame, W. Scott
This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage market: 1) the expansion of Federal Home Loan Bank mortgage purchase programs, and 2)...
Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire? (2004)
White, Lawrence, Frame, W.Scott
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their...
Emerging Competition and Risk-Taking Incentives at Fannie Mae and Freddie Mac (2004)
White, Lawrence J., Frame, W. Scott
This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage market: 1) the expansion of Federal Home Loan Bank mortgage purchase programs, and 2)...
Regulating Housing GSEs: Thoughts on Institutional Structure and Authorities (2004)
White, Lawrence J., Frame, W. Scott
The appropriate regulatory structure for the three housing government-sponsored enterprises (GSEs) raises interesting issues of political economy, as well as being an active concern for the Congress...
Emerging Competition and Risk-Taking Incentives at Fannie Mae and Freddie Mac (2004)
White, Lawrence J., Frame, W. Scott
This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage market: 1) the expansion of Federal Home Loan Bank mortgage purchase programs, and 2)...
Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire? (2004)
White, Lawrence, Frame, W.Scott
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their...
Emerging Competition and Risk-Taking Incentives at Fannie Mae and Freddie Mac (2004)
White, Lawrence J., Frame, W. Scott
This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage market: 1) the expansion of Federal Home Loan Bank mortgage purchase programs, and 2)...
Empirical Studies of Financial Innovation: Lots of Talk, Little Action? (2002)
Frame, W. Scott, White, Lawrence J.
This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria, we found just two-dozen studies (24), over half of which (14) had been conducted since 2000. Since...
Empirical Studies of Financial Innovation: Lots of Talk, Little Action? (2002)
Frame, W. Scott, White, Lawrence J.
This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria, we found just two-dozen studies (24), over half of which (14) had been conducted since 2000. Since...
Akhavein, Jalal, Frame, W. Scott, White, Lawrence J.
Financial innovation has been described as the "life blood of efficient and responsive capital markets." Yet, there have been few quantitative investigations of financial innovation and the diffusion...
Akhavein, Jalal, Frame, W. Scott, White, Lawrence J.
Financial innovation has been described as the "life blood of efficient and responsive capital markets." Yet, there have been few quantitative investigations of financial innovation and the diffusion...
Debt Maturity, Risk, and Asymmetric Information
Marco Espinosa-Vega, Allen N. Berger, W. Scott Frame, Nathan H. Miller
We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importance...
Jalal Akhavein, W. Scott Frame, Lawrence J. White
Bank examination ; Small business ; Credit scoring systems ; Credit ratings
Robert A. Eisenbeis, W. Scott Frame, Larry D. Wall
Fannie Mae and Freddie Mac are government-sponsored enterprises that are central players in U.S. secondary mortgage markets. Over the past decade, these institutions have amassed enormous mortgage-...
Credit Scoring and the Availability, Price, and Risk of Small Business Credit.
Berger, Allen N, Frame, W Scott, Miller, Nathan H
We find that small business credit scoring (SBCS) is associated with expanded quantities, higher average prices, and greater average risk levels for small business credits under $100,000, after...
Regulating housing GSEs: thoughts on institutional structure and authorities
W. Scott Frame, Lawrence J. White
Many of the benefits that the housing government-sponsored enterprises (GSEs) transmit to homebuyers stem from an implied federal guarantee arising from the GSEs’ charter benefits and past...
Charter Value, Risk-Taking Incentives, and Emerging Competition for Fannie Mae and Freddie Mac
W. SCOTT FRAME, LAWRENCE J. WHITE
This paper examines two forces that may soon increase competition in the U.S. secondary conforming mortgage market: (1) the Federal Home Loan Bank mortgage purchase programs, and (2) the adoption of...
Commercial lending distance and historically underserved areas
Robert DeYoung, W. Scott Frame, Dennis Glennon, Daniel P. McMillen, Peter J. Nigro
We study recent changes in the geographic distances between small businesses and their bank lenders, using a large random sample of loans guaranteed by the Small Business Administration. Consistent...
Federal Home Loan Bank advances and commercial bank portfolio composition
W. Scott Frame, Diana Hancock, Wayne Passmore
This paper considers the role of Federal Home Loan Bank (FHLB) advances in stabilizing their commercial bank members' residential mortgage lending activities. Our theoretical model shows that using...
Federal Home Loan Bank advances and commercial bank portfolio composition
W. Scott Frame, Diana Hancock, Wayne Passmore
The primary mission of the 12 cooperatively owned Federal Home Loan Banks (FHLBs) is to provide their members financial products and services to assist and enhance member housing finance. In this...
Credit scoring and the availability, price, and risk of small business credit
Allen N. Berger, W. Scott Frame, Nathan H. Miller
We examine the economic effects of small business credit scoring (SBCS) and find that it is associated with expanded quantities, higher average prices, and greater risk levels for small business...
Debt maturity, risk, and asymmetric information
Allen N. Berger, W. Scott Frame, Nathan H. Miller
We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importance...
Jalal Akhavein, W. Scott Frame, Lawrence J. White
Financial innovation has been described as the “life blood of efficient and responsive capital markets.” Yet, there have been few quantitative investigations of financial innovation and the...
The effect of credit scoring on small business lending in low- and moderate-income areas
W. Scott Frame, Michael Padhi, Lynn Woosley
This paper empirically examines the effect of the use of credit scoring by large banking organizations on small business lending in low- and moderate-income (LMI) areas. Using census tract level data...
The effect of the common bond and membership expansion on credit union risk
W. Scott Frame, Gordon V. Karels, Christine McClatchey
This paper examines differences in institutional risk profiles based on credit union membership type and membership expansion via “select employee groups,” or SEGs, which are now expressly...
Credit scoring and the availability, price, and risk of small business credit
Allen N. Berger, W. Scott Frame, Nathan H. Miller
The authors examine the economic effects of small business credit scoring (SBCS) and find that it is associated with expanded quantities, higher average prices, and greater risk levels for small...
Empirical studies of financial innovation: lots of talk, little action?
W. Scott Frame, Lawrence J. White
This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria, the authors found just two dozen studies, over half of which (fourteen) had been conducted since...
Emerging competition and risk-taking incentives at Fannie Mae and Freddie Mac
W. Scott Frame, Lawrence J. White
This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage market: (1) the expansion of Federal Home Loan Bank mortgage purchase programs and...
Resolving large financial intermediaries: banks versus housing enterprises
Robert A. Eisenbeis, W. Scott Frame, Larry D. Wall
This paper examines the policy issues with respect to resolving the possible failure of housing enterprises Fannie Mae or Freddie Mac. The authors compare and contrast these issues with those raised...
Fussing and fuming over Fannie and Freddie: how much smoke, how much fire?
W. Scott Frame, Lawrence J. White
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. The authors describe the special features of these two companies...
Debt maturity, risk, and asymmetric information
Allen N. Berger, W. Scott Frame, Nathan H. Miller
We test the implications of Flannery’s (1986) and Diamond’s (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall...
Small business credit scoring and credit availability
Allen N. Berger, W. Scott Frame
U.S. commercial banks are increasingly using credit scoring models to underwrite small business credits. This paper discusses this technology, evaluates the research findings on the effects of this...
Why do borrowers pledge collateral? new empirical evidence on the role of asymmetric information
Allen N. Berger, W. Scott Frame, Nathan H. Miller
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private...
Commercial bank profits in 1993
W. Scott Frame, Christopher L. Holder
Bank profits ; Banks and banking - Ratio analysis ; Banks and banking - South
Examining small business lending in bank antitrust analysis
The U.S. banking industry has entered an unprecedented period of consolidation and reorganization. This bank merger wave has sparked public policy debate about the desirability of such combinations,...
Regulating Housing GSEs Thoughts on Institutional Structure and Authorities
W Scott Frame, Lawrence J White
The appropriate regulatory structure for the three housing Government-Sponsored Enterprises (GSEs) raises interesting issues of political economy, as well as being an active concern for the Congress...
Empirical Evidence on a Special-Interest-Group Perspective to Antitrust.
Frame, W Scott, Kamerschen, David R
While the antitrust laws claim to serve the public interest, they are susceptible to the influence of special-interest groups as are any public policies. This paper extends the empirical literature...
The Effect of Credit Scoring on Small-Business Lending.
Frame, W Scott, Srinivasan, Aruna, Woosley, Lynn
This paper examines the effect of credit scoring on small-business lending for a sample of large U. S. banking organizations. We find that credit scoring is associated with an 8.4 percent increase in...
The Effect of the Common Bond and Membership Expansion on Credit Union Risk
W. Scott Frame, Gordon V. Karels, Christine McClatchey
This paper empirically examines differences in credit union risk profiles based on membership type and membership expansion via select employee groups (SEGs). We find that (1) occupational credit...
Credit Scoring and the Availability of Small Business Credit in Low- and Moderate-Income Areas
This paper estimates that credit scoring is associated with about a $3,900 increase in small business lending per sample banking organization, per low- and moderate-income (LMI) area served, and this...
Debt Maturity, Risk, and Asymmetric Information
ALLEN N. BERGER, W. SCOTT FRAME, NATHAN H. MILLER
We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importance...
Financing housing through government-sponsored enterprises
Three government-sponsored enterprises (GSEs)-Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System-were created to improve the availability of home mortgage financing by supplementing local...
Fannie Mae's and Freddie Mac's voluntary initiatives: Lessons from banking
The federal government has an interest in the financial stability of Fannie Mae and Freddie Mac because of their importance to financial markets and the government's implicit guarantee of their...
Federal Home Loan Bank mortgage purchases: Implications for mortgage markets
The Federal Home Loan Bank (FHLB) System is a government-sponsored enterprise created by Congress to support residential housing finance. Historically, the twelve regional wholesale banks that...
The Federal Home Loan Bank system : the "other" housing GSE.
Mark J. Flannery, W. Scott Frame
Founded in 1932, the twelve Federal Home Loan Banks (FHLBs) have historically provided long-term funding to specialized mortgage lenders. But legislative changes in the wake of the 1980s’ thrift...
Small business lending in low- and Moderate-income areas: The effects of credit scoring
W. Scott Frame, Michael S. Padhi, Lynn Woosley
Credit scoring systems ; Lender liability ; Small business
Commercial lending distance and historically underserved areas
DeYoung, Robert, Frame, W. Scott, Glennon, Dennis, McMillen, Daniel P., Nigro, Peter
A summary of "Federal Home Loan Bank advances and commercial bank portfolio composition"
W. Scott Frame, Diana Hancock, Wayne Passmore
Federal home loan banks ; Commercial loans
Empirical Studies of Financial Innovation: Lots of Talk, Little Action?
W. Scott Frame, Lawrence J. White
This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria and spanning a long time horizon, we found surprisingly few studies (39), with most (23) having been...
Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire?
W. Scott Frame, Lawrence J. White
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their...
Emerging competition and risk-taking incentives at Fannie Mae and Freddie Mac
W. Scott Frame, Lawrence J. White
Federal Home Loan Mortgage Corporation ; Federal National Mortgage Association ; Mortgages
Jalal Akhavein, W. Scott Frame, Lawrence J. White
Financial innovation has been described as the "life blood of efficient and responsive capital markets." Yet, few quantitative investigations have studied financial innovations and the diffusion of...
Jalal Akhavein, W. Scott Frame, Lawrence J. White
Financial innovation has been described as the "life blood of efficient and responsive capital markets." Yet, there have been few quantitative investigations of financial innovation and the diffusion...
The Federal Home Loan Bank System: the lender of next-to-last resort?
Adam B. Ashcraft, Morten L. Bech, W. Scott Frame
The Federal Home Loan Bank (FHLB) System is a large, complex, and understudied government-sponsored liquidity facility that currently has more than $1 trillion in secured loans outstanding, mostly to...