Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
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We provide new facts on the debt dynamics leading up to the financial crisis of 2007. Earlier research suggests that distortions in the supply of mortgage credit, evidenced by a decoupling of credit flow from income growth, may have caused the rise in house prices and the subsequent housing market
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美国国家经济研究局创建时间：
2015-01-01
