The “New Normal” in Mortgage Lending and Its Impact on Default Probabilities
The paper analyses the evolution of the use of subprime loans and the availability of credit to different classes of borrowers. It examines the time period from 1980 to 2008 as a whole, as well as the changes in credit profiles in five sub-periods. By tracking borrower characteristics and their impa...
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| Format: | Article |
| Language: | English |
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Sciendo
2021-01-01
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| Series: | Baltic Journal of Real Estate Economics and Construction Management |
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| Online Access: | https://doi.org/10.2478/bjreecm-2021-0011 |