Non-Prime Mortgages
Sub-Title:
Analysis of Loan Performance, Factors Associated with Defaults, and Data SourcesAuthor:
William B. ShearPublisher:
DIANE Publishing CompanyPublication Date:
01-01-2011ISBN:
9781437940183Pages:
73Subjects:
BusinessAvailable as:
Paperback, 9781437940183Description:
This is a print on demand edition of a hard to find publication. The surge in mortgage foreclosures that began in late 2006 and continues today was initially driven by deterioration in the performance of non-prime loans. Non-prime mortgage originations increased dramatically from 2000 through 2006, rising from 12% of all mortgage originations to 34%. The non-prime market contracted sharply in mid-2007, in response to increasing defaults and foreclosures for these loans. This report: (1) provides info. on the performance of non-prime loans through 12/31/09; (2) examines how loan and borrower characteristics and economic conditions influenced the likelihood of default of non-prime loans; and (3) describes the features of data on non-prime loan performance and borrower characteristics. Illus.
Read More