Money for Nothing and Checks for Free : Recent Developments in U.S. Subprime Mortgage Markets /

After a number of warning signs, the U.S. "subprime mortgage crisis" became a headline issue in February 2007. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant tightening in subprime lending standards, the im...

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מידע ביבליוגרפי
מחבר ראשי: Mills, Paul
מחברים אחרים: Kiff, John
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2007.
סדרה:IMF Working Papers; Working Paper ; No. 2007/188
גישה מקוונת:Full text available on IMF
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245 1 0 |a Money for Nothing and Checks for Free :   |b Recent Developments in U.S. Subprime Mortgage Markets /  |c Paul Mills, John Kiff. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a After a number of warning signs, the U.S. "subprime mortgage crisis" became a headline issue in February 2007. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant tightening in subprime lending standards, the impact thus far on core U.S. financial institutions has been limited. This paper reviews the history and structure of the subprime market. The results suggest that new origination and funding technology appear to have made the financial system more stable at the expense of undermining the effectiveness of consumer protection regulation. Potential solutions to the management of this trade-off are then explored. 
538 |a Mode of access: Internet 
700 1 |a Kiff, John. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/188 
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