IDEAS home Printed from https://ideas.repec.org/a/kap/iaecre/v15y2009i1p1-1610.1007-s11294-008-9177-4.html
   My bibliography  Save this article

Subprime Mortgage Tremors: An International Issue

Author

Listed:
  • Gerald Lander
  • Katherine Barker
  • Margarita Zabelina
  • Tiffany Williams

Abstract

The subprime mortgage crisis has negatively affected individuals, investors, lenders, and economies worldwide. This paper first examines contributing factors of the crisis: predatory lending, predatory borrowing and mortgage fraud, unethical practices, unregulated mortgage brokers, off-balance-sheet activity, and the infusion of capital from Asia that provided the fuel for subprime mortgage activity to continue. International markets have both suffered from and contributed to the crisis. Legislation that has been enacted or recommended in the U.S. and the European Union is reviewed. We then make recommendations which could begin to restore confidence of consumers and investors worldwide; however, it is clear that laws and regulations must be enacted quickly to correct the situation and bring stability to investment markets. Copyright International Atlantic Economic Society 2009

Suggested Citation

  • Gerald Lander & Katherine Barker & Margarita Zabelina & Tiffany Williams, 2009. "Subprime Mortgage Tremors: An International Issue," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 15(1), pages 1-16, February.
    • Handle: RePEc:kap:iaecre:v:15:y:2009:i:1:p:1-16:10.1007/s11294-008-9177-4
    DOI: 10.1007/s11294-008-9177-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11294-008-9177-4
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11294-008-9177-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patrick Payne & Tammy Huffman Ph.D, 2012. "Minimizing predatory lending: Designing a long-term compensation structure to minimize the actions of opportunistic mortgage brokers," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 2(5), pages 8-19, October.
    2. Birol KARAKURT & Tekin AKDEMİR, 2016. "Küresel Finansal Krizinin Devlet Borçlarına Etkisi: Gelişmiş ve Gelişmekte Olan Ülkeler Açısından Bir Değerlendirme," Sosyoekonomi Journal, Sosyoekonomi Society, issue 24(29).
    3. Patrick Payne & Tammy Huffman Ph.D, 2012. "Minimizing predatory lending: Designing a long-term compensation structure to minimize the actions of opportunistic mortgage brokers," International Journal of Business and Social Research, LAR Center Press, vol. 2(5), pages 8-19, October.
    4. Meier, Samira & Rodriguez Gonzalez, Miguel & Kunze, Frederik, 2021. "The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review," International Review of Law and Economics, Elsevier, vol. 65(C).

    More about this item

    Keywords

    Subprime; Mortgage; Lending; F30; F39; G10; G15;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F39 - International Economics - - International Finance - - - Other
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:iaecre:v:15:y:2009:i:1:p:1-16:10.1007/s11294-008-9177-4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.