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Spotlight: Texas subprime mortgages: metros vary on risky loans--and delinquencies

Wenhua Di and Anil Kumar ()

Southwest Economy, 2009, issue Q1, No 1, 7

Abstract: The current financial crisis has brought a severe decline in subprime mortgage lending. Like the nation, Texas and its metros still have exposure to existing loans. Housing prices, unemployment and overall economic activity will play a significant part in determining how many of them run into trouble.

Keywords: Subprime mortgage; Metropolitan areas; Economic conditions - Texas; Foreclosure; Mortgage loans (search for similar items in EconPapers)
Date: 2009
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Handle: RePEc:fip:feddse:y:2009:i:q1:p:7:n:1