Mortgage Markets & the Role of Nonprime Loans
Book Details
Format
Hardback or Cased Book
ISBN-10
1611229189
ISBN-13
9781611229189
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Oct 20th, 2011
Print length
204 Pages
Weight
610 grams
Dimensions
18.20 x 26.10 x 2.00 cms
Product Classification:
Economics
AI Summary
Ksh 33,500.00
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During the first part of this decade, the number of mortgage organisations grew rapidly, particularly in the nonprime segment of the mortgage market. However, these market segments contracted sharply in the summer of 2007, partly in response to a dramatic increase in default and foreclosure rates for these mortgages. The negative repercussions from nonprime lending practices has prompted greater scrutiny of this market segment, a number of government efforts to modify troubled loans and proposals to strengthen federal regulation of the mortgage industry. This new book examines the evolution and condition of the nonprime market segment.
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