Copyright (c) 2009 Marquette University All rights reserved. http://epublications.marquette.edu Recent documents in e-Publications@Marquette en-us Fri, 06 Nov 2009 05:24:30 PST 3600 http://epublications.marquette.edu/econ_learning/2 http://epublications.marquette.edu/econ_learning/2 Thu, 05 Nov 2009 09:51:04 PST Discusses the standard list of factors that affect or drive demand. Identifies each and summarizes logic behind each driver. Steven E. Crane http://epublications.marquette.edu/edu_fac/26 http://epublications.marquette.edu/edu_fac/26 Thu, 05 Nov 2009 06:59:47 PST The authors investigated the experiences related to becoming psychotherapists for 5 counseling psychology doctoral trainees in their first prepracticum course. Qualitative analyses of weekly journals indicated that trainees discussed challenges related to becoming psychotherapists (e.g., being self-critical, having troubling reactions to clients, learning to use helping skills), gains made during the semester related to becoming psychotherapists (e.g., using helping skills more effectively, becoming less self-critical, being able to connect with clients), as well as experiences in supervision and activities that helped them cope with their anxieties. Results are discussed in 5 broad areas: feelings about self in role of psychotherapist, awareness of reactions to clients, learning and using helping skills, reactions to supervision, and experiences that fostered growth. Implications for training and research are provided. Clara E. Hill http://epublications.marquette.edu/econ_learning/1 http://epublications.marquette.edu/econ_learning/1 Wed, 04 Nov 2009 13:16:19 PST Lists and discusses the "10 Principles of Economics" identified in the Mankiv Introductory Economics Text. Steven E. Crane http://epublications.marquette.edu/fin_fac/6 http://epublications.marquette.edu/fin_fac/6 Wed, 04 Nov 2009 08:42:47 PST Subprime mortgage lending has grown rapidly in recent years and with it, so have concerns about predatory lending. In response to evidence of predatory lending, most states have enacted new laws or expanded existing laws to address abuses in the subprime home loan market. The effect of these statutes is a matter of debate. This paper seeks to improve the understanding of this increasingly important issue and pays particular attention to the role that legal enforcement mechanisms play in this context. The results of the analysis are consistent with the view that anti-predatory lending laws influence subprime lending markets and that disaggregating the details of the overall legal framework into its component parts is essential for understanding subprime market dynamics. The restrictions, coverage, and enforcement components all have significant relationships with subprime market outcomes, with the coverage relationship found to be broadly consistent with the reverse lemons hypothesis put forward by Ho and Pennington-Cross (2007). The results also suggest that the newer mini-HOEPA laws have had an impact on the subprime market above and beyond the older preexisting laws, particularly for subprime originations. Broader coverage through these new laws is associated with higher origination likelihoods, while increased restrictions through the mini-HOEPA laws are associated with lower origination propensities. Raphael W. Bostic http://epublications.marquette.edu/fin_fac/5 http://epublications.marquette.edu/fin_fac/5 Wed, 04 Nov 2009 08:42:46 PST The lag between the time that a borrower stops making payments on a mortgage and the termination of the loan plays a critical role in the costs borne by both borrower and lender on defaulted loans. While the prior literature uses a multinomial logit approach, statistical tests indicate that we cannot accept the associated assumption of Independence of Irrelevant Alternatives (IIA). Using a nested logit specification our results suggest that the recipe for delinquency involves young loans to low credit score borrowers with low or no documentation in housing markets with moderately volatile and flat or declining nominal house prices. Michelle A. Danis http://epublications.marquette.edu/lib_learning/3 http://epublications.marquette.edu/lib_learning/3 Wed, 04 Nov 2009 08:12:29 PST Abstract Example of a YouTube video. Subject area: Chemistry Audience level: Time commitment: 5-10 minutes Database(s) used: ProQuest Level: Format: tutorial Information Literacy Standards - something - something - something Raynor Memorial Libraries http://epublications.marquette.edu/fin_fac/4 http://epublications.marquette.edu/fin_fac/4 Wed, 04 Nov 2009 08:10:36 PST This article examines the choice of borrowers to extract wealth from housing in the high-cost (subprime) segment of the mortgage market and assesses the prepayment and default performance of these cash-out refinance loans relative to the rate of refinance loans. Consistent with survey evidence, the propensity to extract equity is sensitive to the relative interest rates of other forms of consumer debt. After the loan is originated, results indicate that cash-out refinances perform differently from non-cash-out refinances. For example, cash-outs are less likely to default or prepay, and the termination of cash-outs is more sensitive to changing interest rates and house prices. Anthony Pennington-Cross http://epublications.marquette.edu/fin_fac/3 http://epublications.marquette.edu/fin_fac/3 Wed, 04 Nov 2009 07:25:48 PST This study analyzes the impact of the new urbanism on single-family home prices. Specifically, we explore the price differential that homebuyers pay for houses in new urbanist developments relative to houses in conventional suburban developments. Using data on over 5,000 single-family home sales from 1994 to 1997 in three different neighborhoods, hedonic regression results reveal that consumers pay more for homes in new urbanist communities than those in conventional suburban developments. Further analyses indicate that the price premium is not attributable to differences in improvement age and other housing characteristics. Charles C. Tu http://epublications.marquette.edu/fin_fac/2 http://epublications.marquette.edu/fin_fac/2 Tue, 03 Nov 2009 11:37:04 PST We find that returns to momentum investing are higher among high idiosyncratic volatility (IVol) stocks, especially high IVol losers. Higher IVol stocks also experience quicker and larger reversals. The findings are consistent with momentum profits being attributable to underreaction to firm-specific information and with IVol limiting arbitrage of the momentum effect. We also find a positive time-series relation between momentum returns and aggregate IVol. Given the long-term rise in IVol, this result helps explain the persistence of momentum profits since Jegadeesh and Titman's (1993) study. Matteo P. Arena http://epublications.marquette.edu/lib_learning/2 http://epublications.marquette.edu/lib_learning/2 Mon, 02 Nov 2009 09:12:33 PST Something interesting. Subject area: Chemistry Audience level: Time commitment: 5-10 minutes Database(s) used: ProQuest Level: Format: tutorial Information Literacy Standards - something - something - something Raynor Memorial Libraries http://epublications.marquette.edu/lib_learning/1 http://epublications.marquette.edu/lib_learning/1 Mon, 02 Nov 2009 07:57:35 PST A two-page handout to guide the development of a search statement in online databases. From a sample topic statement, search terms are identified, Boolean search operators are highlighted, and a model search statement is illustrated. A worksheet for constructing one's own search statement is included. Subject area: Education Audience level: Undergraduate Time commitment: 20-30 minutes Database(s) used: Instruction level: Intermediate Format: Handout/worksheet Information Literacy Standards - Standard 1: The information literate student determines the nature and extent of the information needed. Performance Indicator 1: ..defines and articulates the need for information. Standard 2: The information literate student accesses needed information effectively and efficiently. Performance Indicator 2: ...constructs and implements effectively designed search strategies. Scott B. Mandernack http://epublications.marquette.edu/edu_fac/25 http://epublications.marquette.edu/edu_fac/25 Mon, 02 Nov 2009 07:21:17 PST Twelve adult clients described the role of religion and spirituality in their lives and in therapy as a whole, as well as their specific experiences of discussing religious-spiritual topics in individual outpatient psychotherapy with nonreligiously affiliated therapists. Data were analyzed using Consensual Qualitative Research (CQR; Hill, Thompson, & Williams, 1997). Results indicated that clients were regularly involved in religious-spiritual activities, usually did not know the religious-spiritual orientation of their therapists, but often found them open to such discussions. Specific helpful discussions of religion-spirituality were often begun by clients in the 1st year of therapy, were related to clients' presenting concerns, were facilitated by therapists' openness, and yielded positive effects. Specific unhelpful discussions were raised equally by clients and therapists early in therapy, made clients feel judged, and evoked negative effects. Implications for practice and research are addressed. Sarah Knox