Predatory Lending and Mortgage Default

Robert Taylor and Andrew Nelson

Journal of Economics and Econometrics, 2018, vol. 61, issue 1, 29-61

Abstract: Loans are considered predatory in nature when they contain terms that are abusive to borrowers and provide no tangible net benefit. As a result, the predatory lending may undermine building strong, sustainable, and inclusive communities. The present papers uses a discriminant analysis to measure the association between predatory loan characteristics and the mortgage default. Our results suggest that the predatory lending and mortgage default are highly interdependent, and this relationship is bidirectional.

Keywords: D14; D18; G01; G21. (search for similar items in EconPapers)
Date: 2018
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