Results 141 to 150 of about 10,959 (205)

Critical fragility in sociotechnical systems. [PDF]

open access: yesProc Natl Acad Sci U S A
Moran J   +4 more
europepmc   +1 more source

subprime mortgage crisis, the

2011
A subprime mortgage loan is a residential mortgage loan that is particularly risky for some reason. The elevated risk may stem from the credit history of the borrower, the lack of a large down payment, or a monthly payment that is large relative to the borrower’s income (see Chapter 2 of Muolo and Padilla (2010) for a history of subprime residential ...
Christopher L. Foote, Paul S. Willen
openaire   +2 more sources

The Subprime Virus

Real Estate Economics, 2015
We examine the correlation between prime mortgage default risk and the introduction of subprime mortgages in a local area. We motivate our analysis with a model of a default contagion effect that spreads the effect of a mortgage foreclosure from one property to surrounding properties.
Sumit Agarwal   +2 more
openaire   +2 more sources

Subprime mortgage default

Journal of Urban Economics, 2010
Abstract This paper constructs a reduced-form credit risk model of mortgage default. The data used is of privately-securitized subprime ARMs (adjustable rate mortgages), originated between 1997 and 2008, and observed between 2000 and 2009. The period studied thus encompasses the beginning of the subprime crisis. Given the estimated model, contractual
James B. Kau   +3 more
openaire   +1 more source

Subprime mortgage design

Journal of Banking & Finance, 2011
This paper offers evidence on the design of subprime mortgages as bridge-financing products. We show that the viability of subprime mortgages was uniquely predicated on the appreciation of house prices over short-horizons. High rates of early prepayments on subprime mortgages are suggestive of the use of prepayments as an exit option. This paper argues
Geetesh Bhardwaj, Rajdeep Sengupta
openaire   +1 more source

Financial contagion in the subprime crisis context: A copula approach

The North American journal of economics and finance, 2019
This paper investigates the financial contagion phenomenon and its intensity in the context of the subprime crisis by adopting the copulas approach. The wavelet technique is used to predict the accurate occurrence of the subprime crisis.
Imen Zorgati, Faten Lakhal, Elmoez Zaabi
semanticscholar   +1 more source

Racial Patterns in Mortgage Lending Outcomes During and After the Subprime Boom

Housing Policy Debate, 2019
The racial contours of the United States’ subprime lending boom, foreclosure crisis, and subsequent recovered market illustrate that the benefits and risks of homeownership were unevenly distributed.
T. Haupert
semanticscholar   +1 more source

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