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| A Subprime Pioneer’s Notes on the Financial Crisis She Predicted |
| Credit.com article features Professor Engel |
"Kathleen Engel started to notice something funny happening with home loans in 1999. She lived in Shaker Heights, Ohio, just a few blocks from the city of Cleveland. Out of nowhere, she’d found herself inundated with offers from loan brokers. They called on the phone, left flyers on her porch, sent her direct mail.
All the brokers were offering home equity loans. Engel’s neighbors were flooded with the same offers. When Engel called about the loans, she discovered a pattern..." |
| Full text of article |
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