An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …-06 U.S. house price boom. Contrary to this belief, we show that the house price and subprime booms occurred in different …

discussions of the mortgage market to see what market participants thought would happen, the authors find that analysts, on the …

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …-06 U.S. house price boom. Contrary to this belief, we show that the house price and subprime booms occurred in different …

government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …

, mortgage credit supply curves are stepwise linear and lenders specialize in prime or subprime lending. The empirical section … estimates of their creditworthiness. This contrasts sharply with mortgage markets where lenders specialize in specific risk … categories of borrowers and mortgage supply is stepwise linear. The contrast between continuous lending for personal loans and …

different types of bank exposures, i.e. direct exposure to the US real estate sector, direct exposure to subprime lenders in the …

This paper examines racial and ethnic differences in high cost mortgage lending in seven diverse metropolitan areas … lenders explains almost all of the racial and ethnic differences in high cost mortgage borrowing …