Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
This paper highlights the importance of middle-class and high-FICO borrowers for the mortgage crisis. Contrary to popular belief, which focuses on subprime and poor borrowers, we show that mortgage originations increased for borrowers across all income levels and FICO scores. The relation between mo...
| Main Authors: | , , |
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| 其他作者: | |
| 格式: | 文件 |
| 语言: | en_US |
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Oxford University Press
2017
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| 在线阅读: | http://hdl.handle.net/1721.1/109226 https://orcid.org/0000-0002-3658-9131 |