商业银行管理BankManagmentFinancialServices7th第18章课后题答案汇编Word格式文档下载.docx
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ChapterOutline
I.Introduction
II.TypesofLoansGrantedtoIndividualsandFamilies
A.ResidentialMortgageLoans
B.NonresidentialLoans
1.InstallmentLoans
2.NoninstallmentLoans
C.CreditCardLoansandRevolvingCredit
D.NewCreditCardRegulations
E.DebitCards:
APartialSubstituteforCreditCards?
1.DebitCards
2.RapidConsumerLoanGrowth
Ill.CharacteristicsofConsumerLoans
IV.EvaluatingaConsumerLoanApplication
A.CharacterandPurpose
B.IncomeLevels
C.DepositBalances
D.EmploymentandResidentialStability
E.PyramidingofDebt
F.HowtoQualifyforaConsumerLoan
G.TheChallengeofConsumerLending
V.ExampleofaConsumerLoanApplication
VI.Credit-ScoringConsumerLoanApplications
A.TheTheoryofCreditScoring
B.AnExampleofCreditScoring
C.TheFICOCreditScoringSystem
VII.LawsandRegulationsApplyingtoConsumerLoans
A.CustomerDisclosureRequirements
1.TruthinLendingAct
2.FairCreditReportingAct
3.FairCreditBillingAct
4.FairCreditandCharge-CardDisclosureAct
5.FairDebtCollectionPracticesAct
B.OutlawingCreditDiscrimination
1.EqualCreditOpportunityAct
2.CommunityReinvestmentsAct
C.PredatoryLendingandSubprimeLoans
VIII.RealEstateLoans
A.DifferencesBetweenRealEstateLoansandOtherLoans
B.FactorsinEvaluatingApplicationsforRealEstateLoans
C.HomeEquityLending
IX.TheChangingEnvironmentforConsumerandRealEstateLending
X.PricingConsumerandrealEstateLoans:
DeterminingtheRateofInterestandOtherLoanTerms
A.TheInterestRateAttachedtoNonresidentialConsumerLoans
1.TheCostPlusModel
2.AnnualPercentageRate
3.SimpleInterest
4.TheDiscountRateMethod
5.TheAdd-OnLoanRateMethod
6.Ruleof78s
B.InterestRatesonHomeMortgageLoans
1.FixedRatedMortgages
2.VariableRateMortgages
3.ChargingtheCustomerMortgagePoints
XI.SummaryoftheChapter
ConceptChecks
18-1.Whataretheprincipaldifferencesamongresidentialloans,nonresidentialinstallmentloans,noninstallmentloans,andcreditcardorrevolvingloans?
Residentialloansarecredittofinancethepurchaseofahomeorfundimprovementsonaprivateresidence.Installmentloansarepaidoffgraduallyovertimewhereasnoninstallmentloansaregenerallypaidoffinlumpsumattheendoftheloan.Installmentloansusuallyfinancelarge-ticketpurchases,suchasautomobilesorhouseholdfurniture,whereasnoninstallmentloansusuallyaredirectedatcurrentlivingexpenses.Installmentloanshelpthebankrecoverfundsthatcanbereloanedmorequicklybuttheygenerallyrequireamoreintensivecreditinvestigationbythebank.Bankcreditcardsofferconvenienceandarevolvinglineofcreditthatthecustomercanaccesswhenevertheneedarises.
18-2.Whydointerestratesonconsumerloanstypicallyaveragehigherthanonmostotherkindsofloans?
Interestratesonconsumerloansaretypicallyhigherthanonmostotherkindsofloanssincetheyareamongthemostcostlyandmostriskytomakeperdollarofloanablefunds.Consumerloansalsotendtobecyclicallysensitive.Moreover,consumerstendtoberelativelyunresponsivetochangesininterestrateswhentheygooutandborrowmoney.
18-3.Whatfeaturesofaconsumerloanapplicationshouldaloanofficerexaminemostcarefully?
Aloanofficershouldexaminecharacterandpurpose,incomelevels,employmentandresidentialstability,andpyramidingofdebtwhenevaluatingaconsumerloanapplication.
18-4.Howdocreditscoringsystemswork?
Credit-scoringsystemsusestatisticaltechniques（usuallymultiplediscriminantanalysis）toclassifyborrowersbasedonselectedcharacteristicsofeachborrowerastowhethertheyarelikelyorunlikelytorepaytheloantheyhaverequested.
18-5.Whataretheprincipaladvantagestoalendinginstitutionofusingacreditscoringsystem?
Thecreditscoringmethodhastheadvantageofbeingobjective,requiringlessloanofficerjudgment,possiblyloweringloanlosses,andloweringoperatingcostswhenalargevolumeofconsumerloansisprocessed.
18-6.Arethereanysignificantdisadvantagestoacreditscoringsystem?
Creditscoringsystemsdonottakeintoaccountmotivationalfactorsorindividualdifferencesandmaybecomeoutdatedunlessfrequentlyretestedforstatisticalaccuracy.
18-7.Inthecredit-scoringsystempresentedinthechapter,wouldaloanapplicantwhoisaskilledworker,liveswitharelative,hasanaveragecreditrating,hasbeeninhisorherpresentjobandathisorhercurrentaddressforexactlyoneyear,hasfourdependentsandatelephone,andholdsacheckingaccountbelikelytoreceivealoan?
Pleaseexplainwhy.
Given,thecreditscoringmodelinthechapter,theskilledworkerwouldhavethefollowingcreditscore:
Skilledworker8points
Liveswithfriendorrelative2
Averagecreditrating5
Oneyearincurrentjob2
Oneyearincurrentresidence1
Telephoneinhome2
NumberofDependents:
Morethanthree2
BankAccountsHeld:
CheckingAccountonly2__
TotalScore24points
Becausethisloanapplicant'
scriterionscoreisbelow28pointstheloanrequestislikelytobedenied.
18-8.WhatisFICOandwhatdoesitdoforlenders?
Whyisthiscreditscoringsystemsopopulartoday?
FICOisacreditscoringsystemdevelopedbyFairIsaacCorporation.Itisfast,objectiveandimpartialandthatmakesitveryusefulforregulatedfinancialinstitutions
18-9.Whatlawsexisttodaytogiveconsumersfullerdisclosureaboutthetermsandrisksoftakingoncredit?
Thefollowingfederallawsgiveconsumerswhoareborrowingmoneyfullerdisclosureaboutthetermsandrisksoftakingoncredit:
a.Truth-in-LendingActc.FairCreditBillingAct
b.FairCreditReportingActd.FairDebtCollectionPracticesAct
TheTruth-in-LendingActmakeshouseholdborrowersbetterinformedaboutthetermsofcreditsotheycanshoparound.TheFairCreditReportingActgivesindividualseasieraccesstotheircredit-bureaurecordsandtherighttochallengeinformationcontainedthereinandtoinsistonthepromptcorrectionoferrors.TheFairCreditBillingActgivesconsumerstherighttodisputebillingerrorsandhavethoseerrorscorrected.TheFairDebtCollectionPracticesActlimitshowfaracreditororcreditcollectionagencycangoinpressingthatcustomertopayup.
18-10.Whatlegalprotectionsareavailabletodaytoprotectborrowersagainstdiscrimination?
Againstpredatorylending?
TheEqualCreditOpportunityActoutlawsdiscriminationinlendingbasedonrace,age,sex,religiouspreference,receiptofpublicassistance,andsimilarfactors.TheCommunityReinvestmentActrequiresbanksandotherlendinginstitutionstomakean"
affirmativeeffort"
toserveallsegmentsoftheirdesignatedmarketareaswithoutdiscriminatingagainstcertainneighborhoods.
Predatorylendingisanabusivepracticeamongsomelendersthatconsistsofmakingloanstoweakborrowersandthenchargingthemexcessivefeesandinterestrates,therebyincreasingtheriskofdefault.In1994CongresspassedtheHomeOwnershipandEquityProtectionActwhichwasaimedtoprotecthomeownersfromloanagreementstheycouldnotafford.LoanswhoseAPRis10percentagepointsormoreabovetheyieldoncomparableTreasurysecuritiesaredefinedasabusiveandconsumershave6daysinwhichtodecidewhethertoproceedwiththeloan.Creditgrantinginstitutionsmustfullydiscloseallfeesandrisks.Ifthesearenotdisclosed,thentheborrowerhasupto3yearstorescindthetransactionandlendersmightbeliableforalldamagesthatoccur.
18-11.Inyouropinion,areanyadditionallawsneededintheseareas?
Thisquestiondoesnothavearightorwronganswer.Dependingonone'
spointofview,moreorlessregulationintheseareascanbesupported.Most,ifnotall,bankersandbanktradeassociations,aswellasmanyoftheregulatoryagencies,tendtoagreethattherearealreadymorethanenoughlawsandregulationsintheseareas.Consumergroupsandsomeelectedofficialswouldarguethatconsumers,particularlyincertaineconomicgroupsorcommunities,needmorelegislationand/orregulationtoprotecttheirinterests.
18-12.Inwhatwaysisarealestateloanuniquecomparedtootherkindsofbankloans?
Realestateloansarelonger-termthanmostotherloansandusuallyinvolveabove-averageamountsoffundsatrisk.Moreover,theydependmoreheavilyonthevalueandmaintenanceofcollateralthanmostothertypesofloans.
18-13.Whatfactorsshouldalenderconsiderinevaluatingrealestateloanapplications?
Amongthefactorstobeconsideredinevaluatingarealestateloanapplicationsare:
1.Whatistheborrower'
smonthlyincomeandmonthlydebtrepayments?
Thebankmustbeassuredthereisadequatecushiontocomfortablyabsorbthehomeloanrepayments.
2.Doestheborrowerhavegoodprospectsforcontinuedemployment?
Becausetheloanis
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