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The U.S. Subprime Mortgage Crisis
, 2017 The subprime mortgage crisis ranks among the most serious economic events affecting the United States since the great depression of the 1930s. This study analyzes key issues raised by the crisis at three levels: (i) issues directly and specifically relating to subprime mortgage lending; (ii) issues relating to the securitization of subprime mortgages ...
openaire +1 more source
Securitization and mortgage default [PDF]
The academic literature, the popular press, and policymakers have all debated securitization's contribution to the poor performance of mortgages originated in the run-up to the recent crisis.
Ronel Elul
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"Changes in the U.S. Financial System and the Subprime Crisis" [PDF]
This paper traces the evolution of housing finance in the United States from the deregulation of the financial system in the 1970s to the breakdown of the savings and loan industry and the development of GSE (government-sponsored enterprise ...
Jan Kregel
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The Consequences of Mortgage Credit Expansion: Evidence from the 2007 Mortgage Default Crisis [PDF]
We demonstrate that a rapid expansion in the supply of mortgages driven by disintermediation explains a large fraction of recent U.S. house price appreciation and subsequent mortgage defaults.
Amir Sufi, Atif Mian
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Race and Subprime Loan Pricing [PDF]
In this paper we investigate whether race and ethnicity influenced subprime loan pricing during 2005, the peak of the subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual- and ...
Andra Ghent +2 more
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Differences in subprime loan pricing across races and neighborhoods [PDF]
We investigate whether race and ethnicity influenced subprime loan pricing during 2005, the peak of the subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual- and neighborhood- level
Ghent, Andra C. +2 more
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Mortgage default and mortgage valuation [PDF]
We study optimal exercise by mortgage borrowers of the option to default. Also, we use an equilibrium valuation model incorporating default to show how mortgage yields and lender recovery rates on defaulted mortgages depend on initial loan-to-value ...
Stephen F. LeRoy +2 more
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Responsibility and Capitalism. A Phenomenological Way to Approach the Economic Crisis
Nordicum-Mediterraneum, 2013 The Western world is presently afflicted by a huge economic crisis, started in 2007 in the United States, with the collapse of the subprime mortgage market, and exploded in 2008 with the breakdown of Lehman Brothers[1].
Floriana Ferro
doaj
The U.S. foreclosure crisis: a two-pronged assault on the U.S. economy [PDF]
The U.S. mortgage loan foreclosure crisis has been called “the worst financial crisis since the great depression.” There are two distinct channels of influence of the subprime problem. The first is the rise in foreclosures that affects homeowners and the
Tatom, John
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THE HISTORICAL SETTING AND ORIGINAL TRAITS OF THE WORLD CRISIS
Revista de Políticas Públicas, 2014 The most dramatic and most publicized episodes of the world crisis have been financial: the subprime mortgage market collapse in 2007, the failure of Lehmann Brothers in September 2008 and more recently the Eurozone banking and sovereign debt crisis ...
François Chesnais
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