5 Pages Posted: 30 Mar 2008
Date Written: December 12, 2007
The subprime mortgage mess is an economic crisis which is being evidenced by an increase in loan default leading to foreclosure within the subprime market. The most recent research cites economic factors - housing prices and stagnating incomes - as the catalyst for the current situation.
Keywords: subprime, mortgage, housing prices, economic impact, personal income
JEL Classification: G21, G24, E31
Suggested Citation: Suggested Citation