Gerardi, Kristopher S.; Lehnert, Andreas; Sherlund, Shane M. - Federal Reserve Bank of Atlanta - 2009
increase in foreclosures that occurred in 2007 and 2008. Most of these foreclosures stemmed from loans originated in 2005 and … discussions of the mortgage market to see what market participants thought would happen, the authors find that analysts, on the …This paper explores the question of whether market participants could have or should have anticipated the large …