Subprime Mortgages

A really interesting article came out in Fortune about research from Wharton economists Fernando Ferreira and Joseph Gyourko.  Their paper looks at foreclosure data from 1997 through 2012 and finds that while foreclosure activity started first in the subprime market, the foreclosure activity in the prime market quickly outnumbered the number of subprime foreclosures.

The article can be found here--
http://fortune.com/2015/06/17/subprime-mortgage-recession/

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