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Big concentrations of subprime loans exist along the Texas border with Mexico, in California and in Southern cities with large minority populations.
Neighborhoods in Queens, the Bronx and Brooklyn also have large concentrations of subprime loans, which are at high risk of foreclosure, according to Home Mortgage Disclosure Act data examined by The New York Times.
Controlling for alternative explanations of the housing crisis, we find that segregation is strongly associated with higher concentrations of subprime loans in clusters of minority census tracts but find no evidence of unequal lending patterns when we examine minority census tracts in an aspatial way.
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Yet, the studies do not explicitly test whether the concentration of subprime loans in minority neighborhoods varied by segregation levels.
The agency is specifically looking at the way the companies reported their subprime mortgage portfolios and concentrations of loans extended to borrowers who offered little documentation.
Regulators are focusing on the way both companies reported their subprime mortgage portfolios and concentrations of loans extended to borrowers who offered little documentation, also known as Alt-A loans.
This paper offers evidence on the design of subprime mortgages as bridge-financing products.
The recent global financial crisis originated from the securitisation of subprime mortgages.
Conservatives blamed the growth of subprime mortgages.
Hundreds of thousands of subprime borrowers are still struggling.
The market value of subprime assets continues to move around.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com