regulatory reform. The analysis ascribes the crisis not only to problems in subprime mortgage lending and securitization, but … financial institutions. The first part of the paper provides an in-depth analysis of developments in subprime mortgage lending …. Among systemic flaws, the paper discusses governance problems in mortgage origination and securitization as well as banking …

This project will build upon my most recent article, Racism’s Property Victims: Prime Subprime Mortgage Targets, by …

The boom in the subprime mortgage market yielded many loans with high LTV ratios. From a large proprietary database on … subprime mortgages, we find that choice of mortgage rate type is not linear in loan sizes. A fixed rate mortgage contract is a … adjustable rate mortgage contracts. However, when LTV reaches a certain level, borrowers start to switch back to fixed rate …

foreclosures (a 20% reduction) and created $300 billion in housing wealth. The CFPLs boosted mortgage modifications and reduced … that entered foreclosure. The CFPLs had minimal adverse side effects on the availability of mortgage credit for new …