Steinbuks, Jevgenijs; Elliehausen, Gregory - In: The Journal of Real Estate Finance and Economics 49 (2014) 1, pp. 47-72
We analyze the effects of state predatory mortgage lending laws, which have been a model for recent changes in the United States federal legislation enacted to regulate the mortgage contract terms common in higher-risk mortgage market segments. Using the Rothschild-Stiglitz approach to model...