The foreclosure crisis in 2008: predatory lending or household overreaching?

At least early in the financial crisis, the high rate of foreclosures seemed to be due more to households' overreaching than to predatory lending. A disproportionate number of those being foreclosed on were well-educated, well-off and relatively young people.

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Year of publication:	2011
Authors:	Emmons, William R. ; Fogel, Kathy ; Lee, Wayne Y. ; Rorie, Deena ; Ma, Liping ; Yeager, Timothy J.
Published in:	The Regional Economist. - Federal Reserve Bank of St. Louis. - 2011, July, p. 12-14
Publisher:	Federal Reserve Bank of St. Louis
Subject:	Foreclosure \| Mortgage loans \| Housing - Finance

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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