Subprime lending has grown over the past decade into a highly visible part of the United States' mortgage market. Previous studies have shown that a relatively large share of subprime lending occurs in census tracts with high concentrations of low-income and minority households, generating the...

Subprime lending in the residential mortgage market, characterized by relatively high credit risk and interest rates or fees, has developed over the past decade into a prominent segment of the market (Temkin (2000)). Recent research indicates that there is geographical concentration of subprime...

This paper examines anisotropic spatial autocorrelation in single-family house prices and in hedonic house price equation residuals using a spherical semivariogram and transactions data for one county in the Philadelphia, Pennsylvania MSA. Isotropic semivariograms model spatial relationships as...