Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962059 | Journal of Housing Economics | 2012 | 18 Pages |
Abstract
⺠We examine the misstated-income problem during the recent mortgage-market crisis. ⺠We measure the difference in stated and actual incomes on loan applications. ⺠Our results suggest a substantial degree of income overstatement in 2005 and 2006. ⺠Income over-statement was more common in markets with higher house-price growth.
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Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
McKinley L. Blackburn, Todd Vermilyea,