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dc.contributor.authorRose, Morgan J.
dc.date.accessioned2020-07-08T17:11:55Z
dc.date.available2020-07-08T17:11:55Z
dc.date.issued2013-05-13
dc.description.abstractUsing data on subprime mortgages from ten cities, I examine geographic variation in the effects of prepayment penalties, balloon loans, and reduced documentation on the probabilities of foreclosure and prepayment. Results indicate that across cities, reduced documentation is consistently related to higher probabilities of foreclosure, and prepayment penalties are consistently related to lower probabilities of prepayment. Prepayment penalties and balloon loans are more sporadically associated with foreclosures, and reduced documentation and balloon loans are more sporadically associated with prepayments. These results are robust to controls for several state antipredatory lending law provisions, whose effects are also tested.en_US
dc.description.urihttps://www-mitpressjournals-org.proxy-bc.researchport.umd.edu/doi/10.1162/REST_a_00256en_US
dc.format.extent139 pagesen_US
dc.genrejournal articlesen_US
dc.identifierdoi:10.13016/m2uuvl-xono
dc.identifier.citationMorgan J. Rose, Geographic Variation in Subprime Loan Features, Foreclosures, and Prepayments, The Review of Economics and Statistics 2013 95:2, 563-590, https://doi-org.proxy-bc.researchport.umd.edu/10.1162/REST_a_00256en_US
dc.identifier.urihttps://doi-org.proxy-bc.researchport.umd.edu/10.1162/REST_a_00256
dc.identifier.urihttp://hdl.handle.net/11603/19084
dc.language.isoen_USen_US
dc.publisherMIT Pressen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Economics Department Collection
dc.relation.ispartofUMBC Faculty Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.
dc.rightsPublic Domain Mark 1.0*
dc.rightsThis publisher erronesously believes that this was written as part of one of the author's official duties as an Employee of the United States Government and is therefore a work of the United States Government, and has published it on a public domain licenese.
dc.rights.urihttp://creativecommons.org/publicdomain/mark/1.0/*
dc.titleGeographic Variation in Subprime Loan Features, Foreclosures, and Prepaymentsen_US
dc.typeTexten_US


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This item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.
Except where otherwise noted, this item's license is described as This item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.