homeownership is such a significant economic factor, a great deal of attention is paid to the mortgage market. This paper describes subprime lending in the mortgage market and how it has evolved through ...
bankruptcies
contrasts
corporate equity
credit risk
credit scores
economic conditions
economic factor
evolution
high risk loans
history requirements
market
mortgage
pennington
prepayment penalties
prime market
product choices
rental payments
risk exposure
subprime
subprime mortgage market
typical household
wachter