It's Not Just Subprime!

9 Pages Posted: 26 Dec 2009

See all articles by Ramon P. DeGennaro

Ramon P. DeGennaro

University of Tennessee, Knoxville - Department of Finance

Multiple version iconThere are 2 versions of this paper

Date Written: July 2, 2009


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! (July 2, 2009). Available at SSRN: or

Ramon P. DeGennaro (Contact Author)

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

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Knoxville, TN 37996
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