It's Not Just Subprime!

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

Posted: 21 Sep 2009 Last revised: 24 Dec 2009

Ramon P. DeGennaro

University of Tennessee, Knoxville - Department of Finance

Multiple version iconThere are 2 versions of this paper

Date Written: September 20, 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

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: https://ssrn.com/abstract=1476063

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)

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