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Diane Publishing Books
Decomposing the Foreclosure Crisis: House Price Depreciation Versus Bad Underwriting
Kristopher Gerardi (au); Adam Hale Shapiro (au); Paul S. Willen (au)
Estimates a model of foreclosure using a data set that includes every residential mortgage, purchase-and-sale, and foreclosure transaction in Mass. from 1989 to 2008. Addresses the identification issues related to the estimation of the effects of house prices on residential foreclosures. Studies the dramatic increase in foreclosures that occurred in Mass. between 2005 and 2008 and concludes that the foreclosure crisis was primarily driven by the severe decline in housing prices that began in the latter part of 2005, not by a relaxation of underwriting standards. Relaxed underwriting standards severely aggravated the crisis by creating a class of homeowners who were particularly vulnerable to the decline in prices. Charts and tables.
Gershwin in His Time: A Biographical Scrapbook, 1919-1937
Politics of Despair: Power & Resistance in the Tobacco Wars
Carnavalia!: African-Brazilian Folklore and Crafts
Sale Price: $10.00
Secret War in Shanghai: An Untold Story of Espionage, Intrigue, & Treason
Live Now, Age Later: Proven Ways to Slow Down the Clock
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