In order to assess the resiliency of the non-Dodd-Frank Act stress test (DFAST) bank holding companies (BHCs), this note uses the loan-loss rate information in the public disclosure documents from DFAST 2017 and 2018

We empirically document that banks with greater exposure to high home price-to-income ratio regions in 2005 and 2006 have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last financial crisis even after controlling for capital,...