It's Not Just Subprime!

DeGennaro, Ramon

doi:10.2139/ssrn.1527238

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It's Not Just Subprime!

Ramon P. DeGennaro

University of Tennessee, Knoxville - Department of Finance

July 2, 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.

Number of Pages in PDF File: 9

Keywords: Subprime, Mortgages, Predatory lending

JEL Classification: G21, L85

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Date posted: December 26, 2009

Suggested Citation

DeGennaro, Ramon P., It's Not Just Subprime! (July 2, 2009). Available at SSRN: http://ssrn.com/abstract=1527238 or http://dx.doi.org/10.2139/ssrn.1527238

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)