Loan Performance and Negative Home Equity in the Non-Prime Mortgage Market
Download or Read eBook Loan Performance and Negative Home Equity in the Non-Prime Mortgage Market PDF written by William B. Shear and published by DIANE Publishing. This book was released on 2010-10 with total page 64 pages. Available in PDF, EPUB and Kindle.
| Author | : William B. Shear |
| Publisher | : DIANE Publishing |
| Total Pages | : 64 |
| Release | : 2010-10 |
| ISBN-10 | : 9781437927702 |
| ISBN-13 | : 143792770X |
| Rating | : 4/5 (02 Downloads) |
Book Synopsis Loan Performance and Negative Home Equity in the Non-Prime Mortgage Market by : William B. Shear
Book excerpt: The number of nonprime mortgage originations grew rapidly from 2000 through 2006, a period during which average house prices appreciated dramatically. The nonprime share of mortgage originations rose from 12% in 2000 to 34% in 2006. As house prices subsequently fell, the subprime and Alt-A market segments contracted sharply. Borrowers who had obtained nonprime mortgages earlier in the decade increasingly fell behind on their mortgage payments. This report: (1) provides info. on the performance of these nonprime loans as of 6/30/09, and describes forecasts made by others of future loan performance; and (2) examines the extent of negative home equity among nonprime borrowers in selected metro. areas and nationwide.
