Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962778 | Journal of Housing Economics | 2011 | 20 Pages |
Abstract
⺠We examine the role piggyback lending played in the mortgage market collapse. ⺠A higher fraction of piggyback originations is related to higher default rates. ⺠The relationship is strongest for non-owner-occupied properties. ⺠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
Michael LaCour-Little, Charles A. Calhoun, Wei Yu,