Turmoil in the Residential Mortgage Market, a Review and Compilation of Research and Policy
43 Pages Posted: 2 Jun 2009
Date Written: January 2, 2009
Abstract
Although the 30-year fixed rate loan is the standard in the U.S. mortgage market the interest rate risk is borne by holder of the note. This risk, and myriad other motivations fostered the development of the subprime and Alt-A instruments that together have become the bane of the housing market. Neither is likely to return as viable instruments, but the need for risk based pricing will return as the housing cycle returns. For this reason it is valuable to examine the academic research on unconventional loans as policy and future research advances.
Keywords: housing, subprime, mortgage, default, foreclosure
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
The Impact of Local Predatory Lending Laws
By Giang Ho and Anthony Pennington-cross
-
State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms
By Raphael W. Bostic, Kathleen C. Engel, ...
-
The Impact of Local Predatory Lending Laws on the Flow of Subprime Credit
By Giang Ho and Anthony Pennington-cross
-
How Do Predatory Lending Laws Influence Mortgage Lending in Urban Areas?
By Keith D. Harvey and Peter J. Nigro
-
A Tale of Three Markets: The Law and Economics of Predatory Lending
-
Predatory Lending Laws and the Cost of Credit
By Giang Ho and Anthony Pennington-cross
-
By Philip Bond, David K. Musto, ...