Brewing bubbles: how mortgage practices intensify housing booms

Business Review, 2014, issue 1, 16-24

Abstract: Even before the Great Recession, housing market bubbles have been associated with severe financial crises around the world. Why do these booms and busts occur? Leonard Nakamura explains that part of the answer may lie with how mortgage lending practices appear to respond to rising and falling house prices in somewhat unexpected ways.

Keywords: Lending practices; Bubbles; Mortgages; Housing market (search for similar items in EconPapers)
Date: 2014
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