Subprime Mortgages: What, Where, and to Whom?
---- Acknowledgments ----
Prepared for the Lincoln Land Institute Conference Honoring Chip Case on December 7, 2007. The authors wish to thank Alex Chinco, Erik Hembre, Rembrand Koning, Christy Pinkston, and Julia Zhou for extremely dedicated research assistance. We thank Bob Avery, Ken Brevoort, Brian Bucks, Glenn Canner, Karen Dynan, Andreas Lehnert, Shane Sherlund, Dan Sokolov, and participants at the Lincoln Land Institute Conference in honor of Karl Case for many helpful comments and thoughts. Mayer wishes to especially thank Chip Case for his friendship and mentorship throughout his career. The paper represents the opinions of the authors and does not represent the views of the Federal Reserve Board or its staff. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.