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Predatory Lending and the Subprime Crisis

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NBER2013-10-01 更新2025-01-04 收录
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We measure the effect of an anti-predatory pilot program (Chicago, 2006) on mortgage default rates to test whether predatory lending was a key element in fueling the subprime crisis. Under the program, risky borrowers and/or risky mortgage contracts triggered review sessions by housing counselors

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2013-10-01
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