Researchers collaborate on subprime lending investigation
Thursday, July 3, 2014 - 05:30
in Mathematics & Economics
(Phys.org) —A recent article, appearing in the Journal of Urban Economics, authored by Penn State faculty member Brent Ambrose, Smeal Professor of Risk Management in the Smeal College of Business, and former doctoral student Moussa Diop examines the effects of subprime mortgage lending on the multifamily renting market. They found that subprime lending had a significant effect on rental defaults, which affected rental rates and property valuations.