Article ID Journal Published Year Pages File Type
962778 Journal of Housing Economics 2011 20 Pages PDF
Abstract
► We examine the role piggyback lending played in the mortgage market collapse. ► A higher fraction of piggyback originations is related to higher default rates. ► The relationship is strongest for non-owner-occupied properties. ► But the pattern is limited to the use of subprime piggybacks.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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