5  See note 4, Report to the Congress on Practices of the Consumer Credit Industry, table 6; and Board of Governors of the Federal Reserve System (2007), 2007 Survey of Consumer Finances, Board of Governors. 6  See Chris Mayer and Karen Pence (2008), "Subprime Mortgages: What, Where, and to Whom?"
Finance and Economics Discussion Series 2008-29 (Washington: Board of Governors of the Federal Reserve System, June); and Inside Mortgage Finance (2007), The 2007 Mortgage Market Statistical Annual vol. 1; The Primary Market (Bethesda, Md. : Inside Mortgage Finance Publications). BIS Review 47/2009  3  Mortgage products have likewise become much more complex.