Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2012
We measure the effect of an anti-predatory pilot program (Chicago, 2006) on mortgage default rates to test whether … predatory lending was a key element in fueling the subprime crisis. Under the program, risky borrowers and/or risky mortgage … subprime borrowers. Our results suggest that predatory lending practices contributed to high mortgage default rates among sub …