Chiang, Yao-Min; Sa-Aadu, Jarjisu - In: The Journal of Real Estate Finance and Economics 48 (2014) 4, pp. 709-753
The unprecedented run-up in global house prices of the 2000s was preceded by a revolution in U.S. mortgage markets in which borrowers faced a plethora of mortgages to choose from collectively known as nontraditional mortgages (NTMs), whose poor performance helped ignite the global financial...