Subprime Mortgage Lending in New York City
By:Ebiere Okah
Published on 2010-08 by DIANE Publishing
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.
This Book was ranked at 5 by Google Books for keyword Mortgage.
Book ID of Subprime Mortgage Lending in New York City's Books is 7cpOQ66KVBsC, Book which was written byEbiere Okahhave ETAG "rjWpBOQQ8wo"
Book which was published by DIANE Publishing since 2010-08 have ISBNs, ISBN 13 Code is 9781437930924 and ISBN 10 Code is 1437930921
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