Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10012230641
Persistent link: https://www.econbiz.de/10011971811
Persistent link: https://www.econbiz.de/10011737711
An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002-06 U.S. house price boom. Contrary to this belief, we show that the house price and subprime booms occurred in different places. Counties with the largest home price appreciation...
Persistent link: https://www.econbiz.de/10011895606
An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002–2006 U.S. house price boom. By contrast, this paper documents a robust, negative correlation between the growth in the share of purchase mortgages to subprime borrowers and...
Persistent link: https://www.econbiz.de/10014048863