Bringing Subprime Mortgages to Market and the Effects on Lower-Income Borrowers

Working paper on how some borrowers end up with subprime mortgages and the extent to which those loans serve the true financial needs of those borrowers. Published by Harvard University’s Joint Center for Housing Studies, the paper was first presented at Building Assets, Building Credit: A Symposium on Improving Financial Services in Low-Income Communities, held at Harvard University.