The public releases of the 2004 and 2005 HMDA data have engendered a lively debate over the pricing of mortgage credit and its implications regarding the treatment of minority mortgage borrowers. This research uses aggregated proprietary data provided by lenders and an endogenous switching regression model to estimate the probability of taking out a subprime mortgage, and annual percentage rate (APR) conditional on getting either a subprime or prime mortgage. The findings reveal that up to 90% of the African American APR gap, and 85% of the Hispanic APR gap, is attributable to observable differences in underwriting, costing, and market factors that appropriately explain mortgage pricing differentials. Although any potential discrimination is problematic and should be addressed, the anal...
There will always be institutions for which implementing a capacity-based costing methodology will not be appropriate. However, for many institutions, the business value created from such a methodology will far outweigh the additional expense of getting there. Financial institutions must balance their need to allocate costs for segment and management reporting with their need to understand the true cost of providing services to customers. Full-absorption costing has historically been utilized to support management and segment reporting, due to its ease of implementation. But this has come with consequences: inaccurate unit costs for pricing decisions that have been the source of endless internal debates over the charge of services. Capacity-based costing can provide a more accurate pict...
WASHINGTON, Feb. 1 /U.S. Newswire/ -- Emerging from almost three years of secrecy, a lawsuit accusing SAIC of false claims and other fraud has led the Air Force to issue an "alert" concerning the company. The unusual written notice calls on Air Force contracting officials worldwide to demand in writing price proposal backup data that reveals the details of how SAIC allegedly compensates for the business risks of performing fixed- price tasks. The Air Force alert arose from a Justice Department civil lawsuit against SAIC that had originated as a False Claims Act suit brought in January 2002 by a former SAIC employee. The allegations concern the costing and pricing of eight fixed-price delivery orders worth $24 million that were negotiated between 1995 and 2000 under a contract for envi...
... Associates where he worked on valuation, pricing and costing models. Domenick holds an MBA with a c...
...27 Business Tool for Success-Costing and Pricing Basics in Fairfax, VA, sponsored by Ge...
In November of 2006, AMIfs drafted a Treasury Services Financial Questionnaire for distribution to finance/accounting managers and treasury management professionals at North American financial institutions. When asked about costing methodologies, approximately 75% of the large institutions used more than one costing method, while only 30% of the financial institutions with assets less than $150 billion utilized more than one method. For the tier 1 financial institutions, 67% create a residual when running cost allocations. For tier 2 institutions responding, 50% create a residual and for tier 3, less than 30%. A very interesting question asked for the most important determinant in choosing a cost distribution methodology. For the tier 1 and tier 3 institutions, information integrity was...
...- Treasury Services' pricing has not been demonstrated consistently to cover co...
... able to absorb inefficiencies into its pricing. . The conglomerates, by definition, were diverse ...In the '80s, activity-based costing was promoted as a breakthrough in managerial accou...
... sharing information about their cost and pricing structures. . Members of medical colleges, societi... Commerce Commission investigated a costing and pricing model produced by the Royal Australia ...
...15 Business Tool for Success-Costing and Pricing Basics in Fairfax, VA, sponsored by Ge...
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