Consumer & Economic Development & Information Center (CEDRIC)
CEDRIC's principal mission is to foster research related to consumer and economic development issues such as consumer and small business financial behavior, access to credit, affordable housing, and community development and reinvestment.
News
A Look at Upstate New York's Subprime Mortgages in Foreclosure
Subprime mortgage conditions remain a concern upstate. Analyzing a subset of these loans, this report finds that six counties with large urban centers account for about half of the securitized, subprime residential first lien loans in foreclosure. Read More...
Understanding the Securitization of Subprime Mortgage Credit
This paper provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Read More...
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