, mortgage credit supply curves are stepwise linear and lenders specialize in prime or subprime lending. The empirical section … discrete lending by specialized lenders for mortgage credit has led to concerns regarding the efficiency and equity of mortgage …In the U.S., households participate in two very different types of credit markets. Personal lending is characterized by …

-income and minority homeowners are targeted for high-cost loans, this paper examines the extent to which subprime lending occurs … procedure is employed that fine-tunes the influence of race in the allocation of mortgage capital between the prime and subprime … markets. After taking into accounts various controls, the results suggest the possibility of bias in mortgage lending for the …

remedies to obtain possession and execute a sale of the collateral. This research uses data on subprime mortgage losses to …Lender losses on mortgage loans arise from a two-stage process. In the first stage, the borrower stops making payments … variables in the decisions of borrowers and lenders. Although subprime borrowers default earlier, which should reduce lender …