Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don't Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don't

By Christopher L. Foote, Kristopher Gerardi, Lorenz Goette, and Paul Willen

Using a variety of datasets, we document some basic facts about the current subprime crisis. Many of these facts are applicable to the crisis at a national level, while some illustrate problems relevant only to Massachusetts and New England. We conclude by discussing some outstanding questions about which the data, we believe, are not yet conclusive.