Construct · 1 fields · 1 citations

subprime lending: a standalone construct

One name. One construct. A landmark on the map.

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Household finance

the expansion of mortgage credit to riskier borrowers before 2007, which preceded the rise in defaults.

In household finance, subprime lending refers to the expansion of mortgage credit to riskier borrowers before 2007, which preceded the rise in defaults. This meaning comes from Mian (2009) in Quarterly Journal of Economics.[1]

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Nearby constructs

credit2 fields · 2 citationsjingle · one word, two constructs expansion4 fields · 4 citationsjingle · one word, four expansions household finance1 fields · 1 citationsanchor · a standalone construct

References

Mian, A., & Sufi, A. (2009). The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis. Quarterly Journal of Economics, 124(4), 1449-1496. https://doi.org/10.1162/qjec.2009.124.4.1449

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