Improving Consumer Mortgage Disclosures. (Record no. 60377)
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| 000 -LEADER | |
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| fixed length control field | 06506nam a22005053i 4500 |
| 001 - CONTROL NUMBER | |
| control field | EBC3019592 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | MiAaPQ |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20240729124123.0 |
| 006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS | |
| fixed length control field | m o d | |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
| fixed length control field | cr cnu|||||||| |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240724s2009 xx o ||||0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781614700746 |
| Qualifying information | (electronic bk.) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| Canceled/invalid ISBN | 9781606929230 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (MiAaPQ)EBC3019592 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (Au-PeEL)EBL3019592 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (CaPaEBR)ebr10671157 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (OCoLC)923661433 |
| 040 ## - CATALOGING SOURCE | |
| Original cataloging agency | MiAaPQ |
| Language of cataloging | eng |
| Description conventions | rda |
| -- | pn |
| Transcribing agency | MiAaPQ |
| Modifying agency | MiAaPQ |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | KF695 -- .I47 2008eb |
| 082 0# - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 346.73043 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Castleman, Jason C. |
| 245 10 - TITLE STATEMENT | |
| Title | Improving Consumer Mortgage Disclosures. |
| 250 ## - EDITION STATEMENT | |
| Edition statement | 1st ed. |
| 264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE | |
| Place of production, publication, distribution, manufacture | Hauppauge : |
| Name of producer, publisher, distributor, manufacturer | Nova Science Publishers, Incorporated, |
| Date of production, publication, distribution, manufacture, or copyright notice | 2009. |
| 264 #4 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE | |
| Date of production, publication, distribution, manufacture, or copyright notice | ©2009. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 1 online resource (217 pages) |
| 336 ## - CONTENT TYPE | |
| Content type term | text |
| Content type code | txt |
| Source | rdacontent |
| 337 ## - MEDIA TYPE | |
| Media type term | computer |
| Media type code | c |
| Source | rdamedia |
| 338 ## - CARRIER TYPE | |
| Carrier type term | online resource |
| Carrier type code | cr |
| Source | rdacarrier |
| 490 1# - SERIES STATEMENT | |
| Series statement | Housing Issues, Laws and Legislation |
| 505 0# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Intro -- IMPROVING CONSUMER MORTGAGEDISCLOSURES -- IMPROVING CONSUMER MORTGAGEDISCLOSURES -- CONTENTS -- PREFACE -- REPORTING ISSUES UNDER THE HOMEMORTGAGEDISCLOSURE ACT -- ABSTRACT -- INTRODUCTION -- BACKGROUND ON HMDA REPORTING -- REPORTING ISSUES PRIOR TO 2008 -- Redlining and Frequency of Rejection -- Risk-Based Pricing -- Reporting Requirements and Coverage -- DIFFICULTIES IDENTIFYING HIGH-PRICED LENDING ABUSES -- Lack of Credit History Information -- Reporting Problems with the APR -- Movements in Interest Rates -- RECENT MODIFICATIONS TO REGULATION C -- IMPLICATIONS FOR HOEPA LOANS -- IMPLICATIONS FOR FHA-INSURED LOANS -- IMPLICATIONS FOR FHA-INSURED LOANS -- REFERENCES -- IMPROVING CONSUMER MORTGAGE DISCLOSURES.AN EMPIRICAL ASSESSMENT OF CURRENTAND PROTOTYPE DISCLOSURE FORMS1 -- FEDERAL TRADE COMMISSION -- BUREAU OF ECONOMICS -- EXECUTIVE SUMMARY -- In-Depth Consumer Interviews -- Quantitative Consumer Testing -- Prototype Mortgage Cost Disclosures -- Results -- In-Depth Consumer Interviews -- Quantitative Consumer Testing -- CONCLUSIONS -- INTRODUCTION -- 1.1. Current Mortgage Cost Disclosures -- 1.2. Previous Studies of Mortgage Disclosures -- 1.3. A Study of Consumer Understanding of Mortgage Cost Disclosures -- CONSUMER INTERVIEW METHODOLOGY -- 2.1. Preliminary Focus Groups -- 2.2. Identification of Recent Borrowers -- 2.3. Recruitment of Respondents -- 2.4. Description of Respondents -- 2.5. Interview Procedure -- 2.6. Analysis of the Interviews -- CONSUMER INTERVIEW OBSERVATIONS -- 3.1. General Observations on the Interviews -- 3.2. Mortgage Shopping -- 3.3. RESPONDENT UNDERSTANDING OF THEIR RECENTLY OBTAINEDMORTGAGES -- 3.4. Use and Understanding of Current Disclosures -- 3.5. Reaction to the Prototype Disclosures -- CONSUMER TESTING METHODOLOGY -- 4.1. Current and Prototype Disclosure Forms -- 4.2. Test Procedure and Questions. |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 4.3. Loan-Cost Scenarios -- 4.4. Sample -- 4.5. Method of Analysis -- PROTOTYPE MORTGAGE COST DISCLOSURES -- 5.1. Development of the Prototype Disclosures -- 5.3. Description of the Prototype Form -- 5.4. Adjustable-Rate, Hybrid, and Payment Option Loans -- CONSUMER TESTING RESULTS -- 6.1. Aggregate Results -- 6.2. Individual Question Results 6.2.1 Overview -- Loan Amount -- Settlement Costs -- Charges for Optional Products and Services -- Total Up-Front Charges -- Interest Rate -- Annual Percentage Rate (APR) -- Cash Due at Closing -- Monthly Payment and Escrow -- Balloon Payment -- Prepayment Penalty -- CONCLUSIONS -- 7.1. Current Disclosures Failed to Convey Key Mortgage Costs to ManyConsumers -- 7.2 Prototype Disclosures Developed for the Study Significantly ImprovedConsumer Recognition of Mortgage Costs, Demonstrating that BetterDisclosures are Feasible -- 7.3. Both Prime and Subprime Borrowers Failed to Understand Key LoanTerms, and Both Benefitted from the Improved Disclosures -- 7.4. Improved Disclosures Provided the Greatest Benefit for More ComplexLoans, which Both Prime and Subprime Borrowers Had the Most DifficultyUnderstanding -- 7.5. The Importance of Consumer Testing -- APPENDIX ACONSUMER INTERVIEWS RECRUITMENTSCRIPT AND SCREENER -- FTCMORTGAGE DISCLOSURE STUDY CONSUMERINTERVIEW SCREENER -- APPENDIX BCONSUMER INTERVIEWS INTERVIEW GUIDE -- FTCMORTGAGE DISCLOSURE STUDY CONSUMERINTERVIEW GUIDE -- I. WARM-UP (2 minutes) -- II. Introductions and Mortgage Decision Process (5 Minutes) -- III. Gathering Information on the Mortgage Process (5 Minutes) -- IV. Shopping for a Loan (10 Minutes) -- V. Loan Disclosure Review (38 Minutes) -- APPENDIX CCONSUMER INTERVIEWS CURRENTDISCLOSURE FORMS -- Current Disclosure Forms Used in the Consumer Interviews -- APPENDIX DCONSUMER INTERVIEWS EXAMPLES OF RESPONDENTCOMMENTS ON SELECTED ISSUES. |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Examples of Respondent Comments on Selected Issues -- Table D.1 Examples of Respondent Understanding of the GFE Discount Fee Disclosure -- Table D.2 Examples of Respondent Understanding of the TILA APR Disclosure -- Table D.3 Examples of Respondent Misunderstandings of the TILA AmountFinanced Disclosure -- Table D.4 Examples of Respondent Understanding of the TILA Finance ChargeDisclosure -- Table D.5 Examples of Respondent Reactions to the Prototype Disclosure Form -- APPENDIX ECONSUMER TESTING RECRUITMENTSCRIPT AND SCREENER -- APPENDIX FCONSUMER TESTING QUESTIONNAIRE -- APPENDIX GCONSUMER TESTING CURRENT DISCLOSURE FORMS -- Current Disclosure Forms Used in the Consumer Testing -- REFERENCES -- INDEX. |
| 588 ## - SOURCE OF DESCRIPTION NOTE | |
| Source of description note | Description based on publisher supplied metadata and other sources. |
| 590 ## - LOCAL NOTE (RLIN) | |
| Local note | Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Mortgage loans -- Law and legislation -- United States. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Disclosure of information -- Law and legislation -- United States. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Mortgage loans -- Law and legislation -- United States -- Forms. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Disclosure of information -- Law and legislation -- United States -- Forms. |
| 655 #4 - INDEX TERM--GENRE/FORM | |
| Genre/form data or focus term | Electronic books. |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY | |
| Relationship information | Print version: |
| Main entry heading | Castleman, Jason C. |
| Title | Improving Consumer Mortgage Disclosures |
| Place, publisher, and date of publication | Hauppauge : Nova Science Publishers, Incorporated,c2009 |
| International Standard Book Number | 9781606929230 |
| 797 2# - LOCAL ADDED ENTRY--CORPORATE NAME (RLIN) | |
| Corporate name or jurisdiction name as entry element | ProQuest (Firm) |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Uniform title | Housing Issues, Laws and Legislation |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://ebookcentral.proquest.com/lib/orpp/detail.action?docID=3019592">https://ebookcentral.proquest.com/lib/orpp/detail.action?docID=3019592</a> |
| Public note | Click to View |
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