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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
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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
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Subprime crisis and volatility spillover
International Journal of Monetary Economics and Finance, 2011The subprime financial crisis has sparked our interest in identifying channels through which US crisis spread across 20 developed and emerging stock markets. Empirical results of GARCH and EGARCH estimated models show a high persistence and asymmetric effect of volatility.
Mouna Abdelhedi Zouch +2 more
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Subprime Crisis: Causes & Consequences
Advances in Economics, Management and Political Sciences, 2023The 2007-2009 financial crisis, considered the worst crisis in human history since the Great Depression of the 1930s was not expected to end the period of the Great Moderation when financial and economic stability lasted from the mid-1980s to 2007. Although more than a decade has passed since the crisis, the analysis of the causes and consequences of ...
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Metropolitan segregation and the subprime lending crisis
Housing Policy Debate, 2013Unsustainable high-cost lending was a major contributor to one of the worst financial crises in U.S. history. While several studies examine individual- and community-level predictors of high-cost lending, little research has tested for the possible causal effect of racial segregation.
Derek S. Hyra +3 more
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Thoughts about the Subprime Crisis
Economia politica, 2008This paper provides reflects on various aspects of the subprime crisis. It asks why events originating in such a small corner of U.S. financial markets could exercise such dramatic effects. It explores what to do now - both in the short run, when the markets and the macroeconomy require stabilization, and in the longer run, when there will be a need ...
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Property derivatives and the subprime crisis
Wilmott Journal, 2009AbstractThe recent real estate bubble was fuelled by non‐risk‐adjusted lending policies, low interest rates, and complex finance vehicles. Mortgage‐backed securities (MBS) played a crucial role in the crisis. These vehicles were praised as liquid capital market instruments that allowed mortgage lenders to replenish their funds, which could then be used
Juerg M. Syz, Paolo Vanini
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Demystifying Subprime Crisis [PDF]
, 2007 The article explains in lucid terms what the US Subprime Crisis is all about.
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Advances in Economics, Management and Political Sciences
This paper delves into an examination of the three primary interrelated factors that precipitated the subprime mortgage crisis: regulatory deficiencies, policy failures, and dysfunctional innovation. Furthermore, it conducts an analysis of the underlying factors that exacerbated the ramifications of this economic upheaval: the excessive proliferation ...
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This paper delves into an examination of the three primary interrelated factors that precipitated the subprime mortgage crisis: regulatory deficiencies, policy failures, and dysfunctional innovation. Furthermore, it conducts an analysis of the underlying factors that exacerbated the ramifications of this economic upheaval: the excessive proliferation ...
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The Subprime Crisis and African Americans
The Review of Black Political Economy, 2010There is a long history of unfair housing and lending practices in the United States and generally, African Americans have been disproportionately negatively impacted by these activities. In order to understand the current economic crisis and its impacts on African Americans, one must first explore the historical spectrum of discriminatory actions ...
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A Symposium on the Subprime Crisis
City & Community, 2009The subprime crisis in mortgage lending and the resulting wave of foreclosures have been hitting cities and communities all over the United States. First, Dan Immergluck argues that there are three main elements in the financial crisis: (1) the vertical disintegration of the mortgage market and the related securitization; (2) financial deregulation ...
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