The bold and bankable: Nuestro Barrio Telenovela and financial education

Bankers have long sought better ways to reach the unbanked. Now an experiment with soap opera shows that engaging viewers’ emotions first is critical to disseminating financial messages.Unbanked

Implications of risk-based pricing for affordable homeownership and community reinvestment goals

This dissertation examines the community reinvestment lending activities of prime lenders during the period of subprime industry growth. For the purposes of this dissertation, community reinvestment lending is defined to encompass the lending programs and products used by regulated lenders to meet their obligations under the Community Reinvestment Act (CRA). While a substantial and growing literature scrutinizes the subprime market, far less attention has been given to the development of community reinvestment lending by prime institutions. Each of the essays in this dissertation explores a different aspect of the interaction of community reinvestment lending with the subprime market. The first essay examines borrowers' substitution of community reinvestment mortgages for FHA and subprime products during the period 1998-2006. The second essay examines the role of equity extraction in community reinvestment borrowers' refinancing behavior, showing that the desire to extract equity combines with income constraints to create an economic rationale for subprime refinancing among a small set of borrowers. Lastly, the third essay documents the role of mortgage brokers in the refinancing decisions of community reinvestment mortgage borrowers, concluding that origination through a mortgage broker increases the likelihood of a transition into a higher-cost refinancing product

Beyond Disparate Impact: Risk-based Pricing and Disparity in Consumer Credit History Scores

Credit scoring, Risk-based pricing,

Waiting for Homeownership: Assessing the Future of Homeownership

The decade-long decline in the homeownership rate in the United States has generated substantial discussion over its future path. In the face of continued uncertainty, this Article seeks to assess what we know and do not know about the sources of the decline and the likely trajectory of the homeownership rate in coming years. The analyses use the Annual Social and Economic Supplement (ASEC) of the Current Population Survey for 1985 to 2015 to examine the determinants of changes in the homeownership rate, using shift-share analyses to measure the extent to which changing demographics explain the observed changes. The results show that demographic trends—aging of the population, increasing racial/ethnic diversity, delayed marriage and childbirth, and related factors—explain only a small portion of the housing market’s boom and bust. Instead, the homeownership rate’s rise and fall have been due to broader changes in the economy, credit conditions, and housing markets. This Article then presents homeownership projections for 2015 to 2035, describing three scenarios that define a range of homeownership outcomes. The low and high scenarios presented in this Article produce a range for the national homeownership rate of 60.7% to 64.8% by 2035. The analyses describe the implications of each scenario for growth in the number of homeowner households, as well as the distributional implications of lower versus higher homeownership rates for homeownership outcomes by age, race/ethnicity, and family type

Pituitary necrosis and vasospasm following removal of craniopharyngioma

We report a case of vasospasm complicating delayed pituitary necrosis after craniopharyngioma resection in an 18-year old female. This is the first reported case that utilizes aggressive blood pressure management, fluid optimization, and rheologic doses of mannitol to successfully treat severe symptomatic vasospasm

Has the Mortgage Pendulum Swung Too Far? Intro & Panel 1

Intro by Dean Vincent Rougeau The Current State of Access to Credit Moderator: Gary Klein, Senior Trial Counsel, Massachusetts Office of the Attorney General Panelists: Neil Bhutta, Principal Economist, Federal Reserve Board Tom Callahan, Executive Director, Massachusetts Affordable Housing Alliance Jonathan Spader, Joint Center on Housing Studies, Harvard Universit

Has the Mortgage Pendulum Swung Too Far? Intro \u26 Panel 1

Intro by Dean Vincent Rougeau The Current State of Access to Credit Moderator: Gary Klein, Senior Trial Counsel, Massachusetts Office of the Attorney General Panelists: Neil Bhutta, Principal Economist, Federal Reserve Board Tom Callahan, Executive Director, Massachusetts Affordable Housing Alliance Jonathan Spader, Joint Center on Housing Studies, Harvard Universit

Parental transfer of financial knowledge and later credit outcomes among low- and moderate-income homeowners

It is well established that acquiring financial skills during childhood is linked with better savings in adulthood. Little is known, however, about the relationship between parental teaching of money management early in life and children's financial outcomes in adulthood. This is particularly true for low- and moderate-income (LMI) households. Using data from Community Advantage Program survey data for 2,389 LMI homeowners, we find that adults who report receiving high levels of money-management teaching in childhood from their parents are associated with higher credit scores and lower credit card debt in adulthood. We also find that the level of parental financial teaching influences the relationship between children's later educational attainment and credit scores. These findings suggest implications for initiatives promoting financial capability for parents and children.Credit scores Credit card debt Savings Parental teaching Financial skills Asset building Low-income homeowners Financial education