Non-Prime Mortgages

Non-Prime Mortgages
By:William B. Shear
Published on 2011-01 by DIANE Publishing

This is a print on demand edition of a hard to find publication. The surge in mortgage foreclosures that began in late 2006 and continues today was initially driven by deterioration in the performance of non-prime loans. Non-prime mortgage originations increased dramatically from 2000 through 2006, rising from 12% of all mortgage originations to 34%. The non-prime market contracted sharply in mid-2007, in response to increasing defaults and foreclosures for these loans. This report: (1) provides info. on the performance of non-prime loans through 12/31/09; (2) examines how loan and borrower characteristics and economic conditions influenced the likelihood of default of non-prime loans; and (3) describes the features of data on non-prime loan performance and borrower characteristics. Illus.

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Book which was published by DIANE Publishing since 2011-01 have ISBNs, ISBN 13 Code is 9781437940183 and ISBN 10 Code is 1437940188

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