Subprime Mortgage Lending in New York City is popular PDF and ePub book, written by Ebiere Okah in 2010-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Subprime Mortgage Lending in New York City can be Read Online from any device for your convenience.
Subprime Mortgage Lending in New York City Book PDF Summary
Subprime mortgage lending expanded in New York City between 2004 and mid-2007, and delinquencies on these subprime loans have been rising sharply. The authors describe the main features of this lending and model the performance of these loans. These subprime loans are found to be clustered in neighborhoods where average borrower credit quality is low and, unlike prime mortgage loans, where African-Americans and Hispanics constitute relatively large shares of the population. The authors estimate a model of the likelihood that these loans will become seriously delinquent and find a significant role for credit quality of borrowers, debt-to-income and loan-to-value ratios at the time of loan origination, and estimates of the loss of home equity. Illus.
Detail Book of Subprime Mortgage Lending in New York City PDF
- Author : Ebiere Okah
- Release : 01 August 2010
- Publisher : DIANE Publishing
- ISBN : 9781437930924
- Genre : Business & Economics
- Total Page : 40 pages
- Language : English
- PDF File Size : 16,7 Mb
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