{"id":18392,"date":"2022-11-24T08:54:04","date_gmt":"2022-11-24T05:54:04","guid":{"rendered":"https:\/\/w3.bilkent.edu.tr\/en\/?p=18392"},"modified":"2022-11-26T08:14:44","modified_gmt":"2022-11-26T05:14:44","slug":"man-seminar-the-rise-of-nonbanks-and-the-quality-of-financial-services-evidence-from-consumer-complaints-ahmet-degerli-230pm-november-25-en","status":"publish","type":"post","link":"https:\/\/w3.bilkent.edu.tr\/en\/man-seminar-the-rise-of-nonbanks-and-the-quality-of-financial-services-evidence-from-consumer-complaints-ahmet-degerli-230pm-november-25-en\/","title":{"rendered":"MAN Seminar: \u201cThe Rise of Nonbanks and the Quality of Financial Services: Evidence from Consumer Complaints\u201d, Ahmet De\u011ferli, 2:30PM November 25 (EN)"},"content":{"rendered":"<p>Date: 25 November 2022, Friday<br \/>\nTime: 14:30-15:30<\/p>\n<p>\u2018The Rise of Nonbanks and the Quality of Financial Services: Evidence from Consumer Complaints\u2019<br \/>\nby<br \/>\nAhmet De\u011ferli<\/p>\n<p>Federal Reserve Board<\/p>\n<p>***This is an online seminar.\u00a0To request the event link, please send a message to department.<\/p>\n<p>Abstract: We show that as nonbanks\u2019 market share increases in a local residential mortgage market, the quality of mortgage services in the market improves. Two instrumental variable analyses exploiting (1) stress tests conducted by the Federal Reserve, and (2) mortgage industry surety bonds required by each state confirm this finding. We find evidence that as nonbanks grow their market share, they develop a specialty in servicing lower-income borrowers and increase investment in technology, leading to improved service quality. This improvement in service quality is more salient in counties with a higher percentage of minority populations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Date: 25 November 2022, Friday Time: 14:30-15:30 \u2018The Rise of Nonbanks and the Quality of Financial Services: Evidence from Consumer Complaints\u2019 by Ahmet De\u011ferli Federal Reserve Board ***This is an online seminar.\u00a0To request the event link, please send a message to department. Abstract: We show that as nonbanks\u2019 market share [\u2026] <\/p>\n<div class=\"clear\"><\/div>\n<p><a class=\"more_link clearfix\" href=\"https:\/\/w3.bilkent.edu.tr\/en\/man-seminar-the-rise-of-nonbanks-and-the-quality-of-financial-services-evidence-from-consumer-complaints-ahmet-degerli-230pm-november-25-en\/\" rel=\"nofollow\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-18392","post","type-post","status-publish","format-standard","hentry","category-oldposts"],"_links":{"self":[{"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/posts\/18392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/comments?post=18392"}],"version-history":[{"count":1,"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/posts\/18392\/revisions"}],"predecessor-version":[{"id":18393,"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/posts\/18392\/revisions\/18393"}],"wp:attachment":[{"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/media?parent=18392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/categories?post=18392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/w3.bilkent.edu.tr\/en\/wp-json\/wp\/v2\/tags?post=18392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}