GNMA Annual Report PDF Download
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Author: Government National Mortgage Association
Publisher:
ISBN:
Category : Mortgages
Languages : en
Pages : 20
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Book Description
Author: Government National Mortgage Association
Publisher:
ISBN:
Category : Mortgages
Languages : en
Pages : 20
Get Book Here
Book Description
Author: Government National Mortgage Association
Publisher:
ISBN:
Category : Mortgages
Languages : en
Pages : 28
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Book Description
Author: Government National Mortgage Association
Publisher:
ISBN:
Category : Mortgages
Languages : en
Pages : 72
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Book Description
Author: United States. Dept. of Housing and Urban Development
Publisher:
ISBN:
Category : Grants-in-aid
Languages : en
Pages : 68
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Book Description
Author: Government National Mortgage Association
Publisher:
ISBN:
Category : Mortgage loans
Languages : en
Pages : 28
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Book Description
Author:
Publisher:
ISBN:
Category : Auditing
Languages : en
Pages : 132
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Book Description
Author: Government National Mortgage Association
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 20
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Book Description
Author: United States. Commodity Futures Trading Commission
Publisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 146
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Book Description
Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Mortgage loans
Languages : en
Pages : 36
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Book Description
Author: Mr.Luc Laeven
Publisher: International Monetary Fund
ISBN: 1451873549
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to recent changes in accounting rules that relax fair-value accounting, and these banks provision less for bad loans. Furthermore, distressed banks use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate that banks' balance sheets offer a distorted view of the financial health of the banks.
