Subprime Lending: Did it Lead to the Real Estate Boom and Bust?

Authors

Knowledge@SMU

Publication Type

Journal Article

Publication Date

8-2008

Abstract

Is there a link between the availability of aggressive home loan lending and the price of homes? In a paper presented at the Far East and South Asian Meeting of the Econometric Society 2008, hosted by the Singapore Management University, Wharton professors Susan Wachter and Andrey Pavlov show that it is the fluctuation in the use of aggressive instruments which exacerbates the market downturns, and not the fact that such instruments generate higher default rates.

Disciplines

Business | Real Estate

Copyright Owner and Holder

Copyright © Singapore Management University 2012

Licece/Creative Commons Licence

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Article ID

1152

Subject(s)

Real Estate

Citation

Knowledge@SMU. Subprime Lending: Did it Lead to the Real Estate Boom and Bust?. (2008).
Available at: https://ink.library.smu.edu.sg/ksmu/350