Journal Article
Brewing bubbles: how mortgage practices intensify housing booms
Abstract: Even before the Great Recession, housing market bubbles have been associated with severe financial crises around the world. Why do these booms and busts occur? Leonard Nakamura explains that part of the answer may lie with how mortgage lending practices appear to respond to rising and falling house prices in somewhat unexpected ways.
Keywords: Lending practices; Bubbles; Mortgages; Housing market;
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File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2014/q1/brQ114_brewing_bubbles.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2014
Issue: 1
Pages: 16-24