Insight and research

The Special Purpose Credit Program

The Special purpose credit programs (SPCPs) have grown in popularity as a way for policymakers to allow lenders to offer credit to borrowers of protected classes. We can help lenders collect data and prepare for the written plan outlined by guidance from the Consumer Financial Protection Bureau (CFPB), particularly assessing the need for an SPCP through a broad market analysis.  

Zhu has worked with Urban Institute research team for the SPCP toolkit: 

https://www.urban.org/projects/special-purpose-credit-program-data-toolkit

This tool offers current and historical market-specific data to make the case for SPCPs serving households of color; an interactive Excel file based on market-specific data to assess place-based versus people-based options that can be useful to program design, targeting, and goal setting; and documentation supporting the written plan.

Additional data needs and requests can be addressed. 

Contact us at: FinsightConsultingGroup@gmail.com

Housing Market

• Housing Finance At A Glance: A Monthly Chartbook

• Mortgage Insurance Market at a Glance, Karan Kaul, Laurie Goodman, John Walsh, and Jun Zhu, 2019

• Housing Affordability for Renter Index: Local Perspective and Migration, Laurie Goodman and Jun Zhu, 2019

Mortgage finance

• How Beneficial Are Streamlined Modifications?, Laurie Goodman,Walt Scott, and Jun Zhu, 2018

• What Fueled the Financial Crisis? An Analysis of the Performance of Purchase and Refinance Loans, Laurie Goodman and Jun Zhu, 2018

• Fannie Mae Raises the DTI Limit, Edward Golding, Laurie Goodman,and Jun Zhu, 2017

Policy evaluation

• GSE Capital Requirement/Banking Basel Rule 

 "Analysis of the Proposed 2020 FHFA Rule on Enterprise Capital", Edward Golding, Laurie Goodman, and Jun Zhu, 2020.

• Qualified mortgage (QM) Rule

"The CFPB’s Proposed QM Rule Will Responsibly Ease Credit Availability", Karan Kaul, Laurie Goodman, and Jun Zhu, 2020.

• Community Reinvestment Act (CRA) rule

"The OCC’s Final CRA Rule Improves Upon the Proposed Rule but Remains Unsatisfactory", Laurie Goodman, Ellen Seidman, and Jun Zhu, 2020.

mergers and acquistions

• "Bid Anticipation, Information Revelation, and Merger Gains", Wenyu Wang, Journal of Financial Economics, 2018.

• "Inefficiencies and Externalities from Opportunistic Acquirers",  Di Li, Lucian Taylor, and Wenyu Wang, Journal of Financial Economics, 2018.

• "Managerial Control Benefits and the Takeover Market Efficiency", Wenyu Wang and Yufeng Wu, Journal of Financial Economics, 2019.

Corporate Restructuring

• "Dissecting Bankruptcy Frictions", Winston Dou, Lucian Taylor, Wei Wang, and Wenyu Wang, 2020.

• "Simultaneous Debt-Equity Holdings and the Resolution of Financial Distress", Yongqiang Chu, Ha Diep Nguyen, Jun Wang, Wei Wang, and Wenyu Wang, 2020.