EconPapers    
Economics at your fingertips  
 

Why HARM the subprime borrower?

Rajdeep Sengupta and Yu-Man Tam ()

The Regional Economist, 2010, issue Apr, 21-22

Abstract: Hybrid adjustable rate mortgages (HARM) were designed to be refinanced by the reset date, when the interest rate would jump. These mortgages worked out well for many people who were credit risks - but only as long as housing prices continued to rise.

Keywords: Subprime; mortgage (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://stlouisfed.org/publications/pub_assets/pdf/re/2010/b/subprime.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://stlouisfed.org/publications/pub_assets/pdf/re/2010/b/subprime.pdf [301 Moved Permanently]--> https://www.stlouisfed.org/publications/pub_assets/pdf/re/2010/b/subprime.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlre:y:2010:i:apr:p:21-22

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in The Regional Economist from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-11-30
Handle: RePEc:fip:fedlre:y:2010:i:apr:p:21-22