Subprime Standardization: How Rating Agencies Allow Predatory Lending to Flourish in the Secondary Mortgage 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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A dramatic rise in subprime foreclosures over the past several years has led to calls for restrictions of, or prohibitions against, a range of lending practices loosely termed “predatory.” Several cities and states have enacted legislation or regulations aimed at eliminating predatory practices, and some advocacy groups have endorsed action nationally. This working paper uses data from the Chic...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.797164