Villains or scapegoats? The role of subprime borrowers in driving the U.S. housing boom
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DOI: 10.1016/j.jfi.2021.100906
Abstract: Abstract An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002-2006 U.S. house price boom. By contrast, this paper documents a robust, negative correlation between… read more here.
Keywords: subprime borrowers; house price; housing boom; boom ... See more keywords