It's Not Just Subprime!

DeGennaro, Ramon P.

Abstract

It's Not Just Subprime!

Ramon P. DeGennaro

University of Tennessee, Knoxville - Department of Finance

September 20, 2009

Journal of Private Enterprise, Vol. 25, No.1, 2009

Abstract:
Many writers have been quick to blame the high rate of foreclosures on subprime mortgages on what they call greedy, predatory lenders who exploited poor, unsophisticated and uneducated borrowers. The problem with this interpretation is that it cannot explain the behavior of foreclosure rates on prime mortgages. Examining the foreclosure rates on fixed- and adjustable- rate loans offers a better interpretation.

Keywords: subprime, mortgages, predatory lending

JEL Classification: G21, L85

Accepted Paper Series

Date posted: September 21, 2009 ; Last revised: December 24, 2009

Suggested Citation

DeGennaro, Ramon P., It's Not Just Subprime! (September 20, 2009). Journal of Private Enterprise, Vol. 25, No.1, 2009. Available at SSRN: http://ssrn.com/abstract=1476063

Contact Information

Ramon P. DeGennaro (Contact Author)

University of Tennessee, Knoxville - Department of Finance ( email )

423 Stokely Management Center
Knoxville, TN 37996
United States
865-974-1726 (Phone)
865-974-1716 (Fax)