Comparing Patterns of Default Among Prime and Subprime Mortgages
Download or Read eBook Comparing Patterns of Default Among Prime and Subprime Mortgages PDF written by Gene Amromin and published by DIANE Publishing. This book was released on 2010-01 with total page 37 pages. Available in PDF, EPUB and Kindle.
| Author | : Gene Amromin |
| Publisher | : DIANE Publishing |
| Total Pages | : 37 |
| Release | : 2010-01 |
| ISBN-10 | : 9781437919189 |
| ISBN-13 | : 1437919189 |
| Rating | : 4/5 (89 Downloads) |
Book Synopsis Comparing Patterns of Default Among Prime and Subprime Mortgages by : Gene Amromin
Book excerpt: This article compares default patterns among prime and subprime mortgages, analyzes the factors correlated with default, and examines how forecasts of defaults are affected by alternative assumptions about trends in home prices. The authors find that extremely pessimistic forecasts of home price appreciation could have generated predictions of subprime defaults that were closer to the actual default experience for loans originated in 2006 and 2007. However, for prime loans one would have also had to anticipate that defaults would become much more sensitive to home prices. Tables and graphs.
