Subprime Mortgage Lending In New York City
Download and Read Subprime Mortgage Lending In New York City full books in PDF, ePUB, and Kindle. Read online free Subprime Mortgage Lending In New York City ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Subprime Mortgage Lending in New York City
Author | : Ebiere Okah |
Publisher | : DIANE Publishing |
Total Pages | : 40 |
Release | : 2010-08 |
Genre | : Business & Economics |
ISBN | : 1437930921 |
Download Subprime Mortgage Lending in New York City Book in PDF, Epub and Kindle
Subprime mortgage lending expanded in New York City between 2004 and mid-2007, and delinquencies on these subprime loans have been rising sharply. The authors describe the main features of this lending and model the performance of these loans. These subprime loans are found to be clustered in neighborhoods where average borrower credit quality is low and, unlike prime mortgage loans, where African-Americans and Hispanics constitute relatively large shares of the population. The authors estimate a model of the likelihood that these loans will become seriously delinquent and find a significant role for credit quality of borrowers, debt-to-income and loan-to-value ratios at the time of loan origination, and estimates of the loss of home equity. Illus.
Subprime Mortgage Lending in New York City Related Books
Pages: 40
Pages: 96
Pages: 110
Pages: 76
Pages: 89