Search engine for discovering works of Art, research articles, and books related to Art and Culture
Javascript must be enabled to continue!
An Analysis of the Impact of Usury Ceilings on Conventional Mortgage Loans
View through CrossRef
Legislatures institute usury ceilings for a variety of reasons. The ceilings are designed to (1) curb excessive profits, (2) lower interest rates and inflation, (3) stimulate housing and growth, (4) subsidize certain consumer groups, and (5) protect the unwary and uninformed. However, in each case, the usury celings set up perverse effects which may defeat these goals. Particularly since the legislatures do not provide for administrative remedies, rationing, or adjustable ceilings, they cannot control these effects. Any reinstitution of ceilings must avoid these problems if the goals of the program are not to be defeated. However, the most effective policy would be to avoid the usury ceilings altogether.
Title: An Analysis of the Impact of Usury Ceilings on Conventional Mortgage Loans
Description:
Legislatures institute usury ceilings for a variety of reasons.
The ceilings are designed to (1) curb excessive profits, (2) lower interest rates and inflation, (3) stimulate housing and growth, (4) subsidize certain consumer groups, and (5) protect the unwary and uninformed.
However, in each case, the usury celings set up perverse effects which may defeat these goals.
Particularly since the legislatures do not provide for administrative remedies, rationing, or adjustable ceilings, they cannot control these effects.
Any reinstitution of ceilings must avoid these problems if the goals of the program are not to be defeated.
However, the most effective policy would be to avoid the usury ceilings altogether.
Related Results
MORTGAGE AS A TOOL FOR ADDRESSING HOUSING NEEDS
MORTGAGE AS A TOOL FOR ADDRESSING HOUSING NEEDS
Mortgage lending is investigated as an effective tool for solving residential problems of the country’s population. The advantages and disadvantages of types of mortgage loans and ...
Unsystematic Risk Factors and Mortgage Non- Performing Loans in Kenya: Evidence from Commercial Banks
Unsystematic Risk Factors and Mortgage Non- Performing Loans in Kenya: Evidence from Commercial Banks
Commercial banks face severe challenges relating to their processes due to variations in the financial system. Identifying methods for reducing mortgage defaults and reducing the l...
New evidence for wood and reed ceilings from Roman Pannonia
New evidence for wood and reed ceilings from Roman Pannonia
AbstractRelatively little is known about Roman age wooden ceilings especially in the provinces, since only few have survived. Most of our evidence comes from the Vesuvian cities in...
Serious Mortgage Arrears among Immigrant Descendant and Native Participants in a Low-Income Public Starter Mortgage Program: Evidence from Norway
Serious Mortgage Arrears among Immigrant Descendant and Native Participants in a Low-Income Public Starter Mortgage Program: Evidence from Norway
Although low-income homeownership programs serving vulnerable families at the lower end of the income distribution have been the focus of housing policy in many countries over the ...
PENGHARAMAN RIBA DALAM ISLAM
PENGHARAMAN RIBA DALAM ISLAM
Riba is always to be the interesting thing from classics until modern in academics or business. But now the usury still has been done in other activities, as good in buying and sel...
IMPACT OF THE COVID-19 PANDEMIC ON THE DEVELOPMENT OF MORTGAGE LENDING IN RUSSIA
IMPACT OF THE COVID-19 PANDEMIC ON THE DEVELOPMENT OF MORTGAGE LENDING IN RUSSIA
Relevance of the research topic. The coronavirus crisis has had a controversial impact on the mortgage market. On the one hand, mortgages during the Covid-19 pandemic have become m...
Machine Learning for Enhancing Mortgage Origination Processes: Streamlining and Improving Efficiency
Machine Learning for Enhancing Mortgage Origination Processes: Streamlining and Improving Efficiency
The mortgage industry, historically characterized by manual processes, paperwork, and complex decision-making, is on the brink of a digital revolution driven by machine learning (M...
Riba and Interest in The View Of The Four Madzhab and Contemporary Ulama
Riba and Interest in The View Of The Four Madzhab and Contemporary Ulama
The discourse on usury is a classic issue, both in the development of Islamic thought and in Islamic civilization. Riba is a complicated problem that often occurs in society. The r...