TITLE

The U.S. Foreclosure Crisis Was Not Just a Subprime Event

AUTHOR(S)
Picker, Les
PUB. DATE
August 2015
SOURCE
NBER Digest;Aug2015, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reviews "A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012," by Fernando Ferreira and Joseph Gyourko, an NBER Working Paper from the U.S. National Bureau of Economic Research (NBER). Topics include the paper investigating explanations on why U.S. homeowners lost their homes during the housing bust. Also mentioned are the crisis as not even a subprime sector event and the empirical finding on negative equity conditions.
ACCESSION #
109011174

 

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