| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21261 |
| 来源ID | Working Paper 21261 |
| A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012 | |
| Fernando Ferreira; Joseph Gyourko | |
| 发表日期 | 2015-06-15 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Utilizing new panel micro data on the ownership sequences of all types of borrowers from 1997-2012 leads to a reinterpretation of the U.S. foreclosure crisis as more of a prime, rather than a subprime, borrower issue. Moreover, traditional mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure propensity of prime borrowers relative to all-cash owners, and for three-quarters of the analogous subprime gap. Housing traits, race, initial income, and speculators did not play a meaningful role, and initial leverage only accounts for a small variation in outcomes of prime and subprime borrowers. |
| 主题 | Macroeconomics ; Financial Economics ; Public Economics ; Labor Economics ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w21261 |
| 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/578936 |
| 推荐引用方式 GB/T 7714 | Fernando Ferreira,Joseph Gyourko. A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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