Prime or not so prime? An exploration of US housing finance in the new century

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Prime or not so prime? An exploration of US housing finance in the new century

BIS Quarterly Review | 06 March 2006by Allen B FrankelPDF full text (110kb) | 12 pagesSignificant US house price appreciation in the last few years has greatly helped to enlarge the size and scope of secondary markets for securities backed by non-prime mortgage loans.

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