Subprime outcomes: turmoil in the mortgage market

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;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Annual Report

Publication Date: 2007

Pages: 6-15