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Subprime Mortgages

ebook

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.


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Publisher: The Urban Institute Press

Kindle Book

  • Release date: April 24, 2012

OverDrive Read

  • ISBN: 9780877668206
  • Release date: April 24, 2012

EPUB ebook

  • ISBN: 9780877668206
  • File size: 1887 KB
  • Release date: April 24, 2012

Open EPUB ebook

  • ISBN: 9780877668206
  • File size: 1884 KB
  • Release date: April 24, 2012

Formats

Kindle Book
OverDrive Read
EPUB ebook
Open EPUB ebook
Kindle restrictions

subjects

Business Nonfiction

Languages

English

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.


Expand title description text