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Predatory Lending and Mortgage Default

Author

Listed:
  • Robert Taylor
  • Andrew Nelson

Abstract

Loans are considered predatory in nature when they contain terms that are abusive to borrowers and provide no tangible net benefit. As a result, the predatory lending may undermine building strong, sustainable, and inclusive communities. The present papers uses a discriminant analysis to measure the association between predatory loan characteristics and the mortgage default. Our results suggest that the predatory lending and mortgage default are highly interdependent, and this relationship is bidirectional.

Suggested Citation

  • Robert Taylor & Andrew Nelson, 2018. "Predatory Lending and Mortgage Default," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 61(1), pages 29-61.
    • Handle: RePEc:eei:journl:v:61:y:2018:i:1:p:29-61
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    More about this item

    Keywords

    D14; D18; G01; G21.;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • G01 - Financial Economics - - General - - - Financial Crises

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