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Mortgage Markets & the Role of Nonprime Loans
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Mortgage Markets & the Role of Nonprime Loans

Book Details

Format Hardback or Cased Book
ISBN-10 1611229189
ISBN-13 9781611229189
Publisher Nova Science Publishers Inc
Imprint Nova Science Publishers Inc
Country of Manufacture US
Country of Publication GB
Publication Date Oct 20th, 2011
Print length 204 Pages
Weight 610 grams
Dimensions 18.20 x 26.10 x 2.00 cms
Product Classification: Economics
Ksh 33,500.00
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During the first part of this decade, the number of mortgage organisations grew rapidly, particularly in the nonprime segment of the mortgage market. However, these market segments contracted sharply in the summer of 2007, partly in response to a dramatic increase in default and foreclosure rates for these mortgages. The negative repercussions from nonprime lending practices has prompted greater scrutiny of this market segment, a number of government efforts to modify troubled loans and proposals to strengthen federal regulation of the mortgage industry. This new book examines the evolution and condition of the nonprime market segment.

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