Subprime discussion part one: What is the subprime market and why do we need it?

Knowledge@W. P. Carey recently taped a discussion about the subprime market between Jeffrey Coles, chairman of the finance department at the W. P. Carey School of Business, Anthony Sanders, professor of real estate and finance at the school and Steven Davidson, vice president, capital market research, for the Securities Industry and Financial Markets Association (SIFMA). Knowledge@W. P. Carey begins a five-part series that explores the scope and the internal workings of the subprime market, and the consequences of subprime failures. In part one, experts discuss the definition of a subprime borrower, the necessity for these loans, the complexity of the subprime market itself, and the reason why so many people are affected. Davidson was a featured speaker at the Risk, Reward and Real Estate Conference in Phoenix, sponsored by the Center for Real Estate Theory and Practice at the W. P. Carey School of Business.

Knowledge@W. P. Carey recently taped a discussion about the subprime market between Jeffrey Coles, chairman of the finance department at the W. P. Carey School of Business, Anthony Sanders, professor of real estate and finance at the school and Steven Davidson, vice president, capital market research, for the Securities Industry and Financial Markets Association (SIFMA).

Knowledge@W. P. Carey begins a five-part series that explores the scope and the internal workings of the subprime market, and the consequences of subprime failures. In part one, experts discuss the definition of a subprime borrower, the necessity for these loans, the complexity of the subprime market itself, and the reason why so many people are affected.

Davidson was a featured speaker at the Risk, Reward and Real Estate Conference in Phoenix, sponsored by the Center for Real Estate Theory and Practice at the W. P. Carey School of Business. Part two will identify neighborhoods in Phoenix where subprime loan defaults are concentrated, the effect on property valuations and the implications of lower property taxes.