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Subprime mortgages : America's latest boom and bust

Author: Edward M Gramlich
Publisher: Washington, D.C. : Urban Institute Press, ©2007.
Edition/Format:   Print book : EnglishView all editions and formats
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  Read more...
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Additional Physical Format: Online version:
Gramlich, Edward M.
Subprime mortgages.
Washington, D.C. : Urban Institute Press, ©2007
(OCoLC)651873826
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Edward M Gramlich
ISBN: 9780877667391 087766739X
OCLC Number: 123818339
Description: xii, 108 pages : illustrations ; 23 cm
Contents: The new mortgage market --
The evolution of this market --
Rental housing --
Benefits, costs, and risks for the new homeowners --
Policy changes.
Responsibility: Edward M. Gramlich.
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Abstract:

A new Urban Institute Press book offers a slate of reform opportunities for the ailing subprime mortgage market and provides one of the first comprehensive analyses of this still-evolving segment of  Read more...

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