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9780877667391

Subprime Mortgages

Subprime Mortgages
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  • Comments: Spine creases, wear to binding and pages from reading. May contain limited notes, underlining or highlighting that does affect the text. Possible ex library copy, will have the markings and stickers associated from the library. Accessories such as CD, codes, toys, may not be included.

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  • ISBN-13: 9780877667391
  • ISBN: 087766739X
  • Publication Date: 2007
  • Publisher: Urban Institute Press

AUTHOR

Gramlich, Edward M.

SUMMARY

Over the past decade, a new mortgage market offering loans at low interest rates and for little or no money down has given low-income people an opportunity to pursue the American dream of homeownership. The resulting wave in home buying promised to stabilize neighborhoods and families, boost the economy, and reduce crime. In many ways, the optimists were correct, but now, less than fifteen years later, the subprime mortgage market is collapsing, threatening to take the rest of the housing sector along with it.Subprime Mortgages: America's Latest Boom and Bust analyzes how the subprime market emerged, why it is in crisis, and how we can reform public policy to avert disaster. An attendant examination of the rental market also offers recommendations for shoring up what may be the best housing option for some families.Gramlich, Edward M. is the author of 'Subprime Mortgages', published 2007 under ISBN 9780877667391 and ISBN 087766739X.

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