Did Prepayments Sustain the Subprime Market?
نویسندگان
چکیده
منابع مشابه
Subprime Market Growth and Predatory Lending
This article provides an overview of two core issues related to subprime market growth and predatory lending. Two general issues were addressed. First, the rapid growth of subprime lending in minority neighborhoods has raised questions concerning the absence of prime conventional lenders in these neighborhoods. There is evidence that more competition by prime lenders could lower the borrowing c...
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Crisis may spread through economy via the propagating mechanisms of the labour market households becoming delinquent due to an initial unemployment shock may be unable to continue servicing obligations versus the financial system. With large debts e.g. mortgages such defaults pose a threat to financial system stability. In this paper we use the Polish household budget surveys to simulate the im...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1361116