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This study examines the relation between country-level audit profession development (APD) and bank loan contracting around the world. Using a sample of bank loan data from 35 countries, we find that stronger APD is associated with more favorable loan terms, such as lower loan spreads, fewer...
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The 2015 HMDA Rule required that financial institutions that originated no fewer than 25 closed-end mortgage loans in each of the two preceding years and meet other reporting criteria such as asset and locational tests report their closed-end mortgage activities under HMDA. This “25-loan”...
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