Results 1 - 1 of 1 for PRIME [Author: Souphala Chomsisengphet]
The Evolution of the Subprime Mortgage Market - Review
This article describes subprime lending in the mortgage market and how it has evolved through time. Subprime lending has introduced a substantial amount of risk-based pricing into the mortgage market by creating a myriad of prices and product choices largely determined by borrower credit history (mortgage and rental payments, foreclosures and bankruptcies, and overall credit scores) and down payment requirements.
research.stlouisfed.org/.../review/2006/01/01/the-evolution-of-the-subprime-mortgage-market
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