Subprime outcomes: turmoil in the mortgage market

Christopher Lee Foote () and Ann Eggleston

Annual Report, 2007, pages 6-15

Abstract: Until 2007, few Americans had probably heard the word “subprime” - including many homeowners who would come to learn that their own mortgage was a subprime mortgage. Today, subprime mortgages are much discussed because they lie at the center of the turmoil that roiled credit markets in 2007 and 2008.

Keywords: Subprime; mortgage (search for similar items in EconPapers)
Date: 2007

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Persistent link: http://EconPapers.repec.org/RePEc:fip:fedbar:y:2007:p:6-15

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