Subprime Mortgages
By:Edward M. Gramlich
Published on 2007 by The Urban Insitute
Over the past decade, a new mortgage market offering loans at low interest rates and for little or no money down has given low-income people an opportunity to pursue the American dream of homeownership. The resulting wave in home buying promised to stabilize neighborhoods and families, boost the economy, and reduce crime. In many ways, the optimists were correct, but now, less than fifteen years later, the subprime mortgage market is collapsing, threatening to take the rest of the housing sector along with it. Subprime Mortgages: America's Latest Boom and Bust analyzes how the subprime market emerged, why it is in crisis, and how we can reform public policy to avert disaster. An attendant examination of the rental market also offers recommendations for shoring up what may be the best housing option for some families.
This Book was ranked at 11 by Google Books for keyword Mortgage.
Book ID of Subprime Mortgages's Books is GrUW0XaxbogC, Book which was written byEdward M. Gramlichhave ETAG "qE4IG7F5gH0"
Book which was published by The Urban Insitute since 2007 have ISBNs, ISBN 13 Code is 9780877667391 and ISBN 10 Code is 087766739X
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