| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19550 |
| 来源ID | Working Paper 19550 |
| Predatory Lending and the Subprime Crisis | |
| Sumit Agarwal; Gene Amromin; Itzhak Ben-David; Souphala Chomsisengphet; Douglas D. Evanoff | |
| 发表日期 | 2013-10-17 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We measure the effect of an anti-predatory pilot program (Chicago, 2006) on mortgage default rates to test whether predatory lending was a key element in fueling the subprime crisis. Under the program, risky borrowers and/or risky mortgage contracts triggered review sessions by housing counselors who shared their findings with the state regulator. The pilot cut market activity in half, largely through the exit of lenders specializing in risky loans and through decline in the share of subprime borrowers. Our results suggest that predatory lending practices contributed to high mortgage default rates among subprime borrowers, raising them by about a third. |
| 主题 | Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w19550 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577225 |
| 推荐引用方式 GB/T 7714 | Sumit Agarwal,Gene Amromin,Itzhak Ben-David,et al. Predatory Lending and the Subprime Crisis. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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