Journal Article

The foreclosure crisis in 2008: predatory lending or household overreaching?


Abstract: At least early in the financial crisis, the high rate of foreclosures seemed to be due more to households' overreaching than to predatory lending. A disproportionate number of those being foreclosed on were well-educated, well-off and relatively young people.

Keywords: Mortgage loans; Housing - Finance; Foreclosure;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2011

Issue: July

Pages: 12-14