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metadata language: English

The Evolution of the Subprime Mortgage Market

Version
v1
Resource Type
Dataset : survey data
Creator
  • Chomsisengphet, Souphala (Office of the Comptroller of the Currency)
  • Pennington-Cross, Anthony (Federal Reserve Bank of St. Louis)
Other Title
  • Version 1 (Subtitle)
Publication Date
2006-01-31
Funding Reference
  • Federal Reserve Bank of St. Louis
Language
English
Free Keywords
loans; mortgages
Description
  • Abstract

    This paper describes subprime lending in the mortgage market and how it has evolved through time. Subprime lending has introduced a substantial amount of risk-based pricing into the mortgage market by creating a myriad of prices and product choices largely determined by borrower credit history (mortgage and rental payments, foreclosures and bankruptcies, and overall credit scores) and down payment requirements. Although subprime lending still differs from prime lending in many ways, much of the growth (at least in the securitized portion of the market) has come in the least-risky (A-) segment of the market. In addition, lenders have imposed prepayment penalties to extend the duration of loans and required larger down payments to lower their credit risk exposure from high-risk loans.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • (1) The file submitted is the data file 0601apd.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

Availability
Download
This study is freely available to the general public via web download.
Alternative Identifiers
  • 1325 (Type: ICPSR Study Number)
Publications
  • Chomsisengphet, Souphala, Pennington-Cross, Anthony. The Evolution of the Subprime Mortgage Market. Federal Reserve Bank of St. Louis Review.88, (1), 31-56.2006.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Chomsisengphet, Souphala; Pennington-Cross, Anthony (2006): The Evolution of the Subprime Mortgage Market. Version 1. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01325.v1