Foreclosures of Subprime Mortgages in Chicago PDF Download
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Author: Morgan J. Rose
Publisher:
ISBN:
Category : Bank examination
Languages : en
Pages : 44
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Book Description
Author: Morgan J. Rose
Publisher:
ISBN:
Category : Bank examination
Languages : en
Pages : 44
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Book Description
Author: Morgan Rose
Publisher: CreateSpace
ISBN: 9781505309089
Category :
Languages : en
Pages : 36
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Book Description
A dramatic rise in subprime foreclosures over the past several years has led to calls for restrictions of, or prohibitions against, a range of lending practices loosely termed "predatory." Several cities and states have enacted legislation or regulations aimed at eliminating predatory practices, and some advocacy groups have endorsed action nationally. This working paper uses data from the Chicago metropolitan area to examine the impact of two frequently cited predatory lending practices, long prepayment penalty periods and balloon payments, on the probability of foreclosure on subprime refinance and home purchase mortgages. This paper also examines the impact of low- and no-documentation, and how combinations of low- and no-documentation, long prepayment penalty periods, and balloon payments affect foreclosure rates.
Author: Kristopher S. Gerardi
Publisher: DIANE Publishing
ISBN: 143792879X
Category : Self-Help
Languages : en
Pages : 39
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Book Description
Analyzes the impact of the subprime mortgage crisis on urban neighborhoods in Mass. Explores the topic using a data set that matches race and income info. with property-level, transaction data. Much of the subprime lending in the state was concentrated in urban neighborhoods and that minority homeownerships created with subprime mortgages have proved exceptionally unstable in the face of rapid price declines. Subprime lending did not, as commonly believed, lead to a substantial increase in homeownership by minorities but instead generated turnover in properties owned by minority residents. The particularly dire foreclosure situation in urban neighborhoods actually makes it somewhat easier for policymakers to provide remedies. Illus.
Author:
Publisher: DIANE Publishing
ISBN: 9781422310298
Category : Foreclosure
Languages : en
Pages : 56
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Book Description
Author:
Publisher:
ISBN:
Category : Discrimination in mortgage lending
Languages : en
Pages : 38
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 1437941966
Category : Foreclosure
Languages : en
Pages : 27
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Book Description
This publication highlights MORE-sponsored projects designed to communicate best practices and information about innovative programs to improve conditions in neighborhoods affected by high rates of foreclosure. It also reviews initiatives undertaken by the various Reserve Banks and the Board of Governors to respond to the foreclosure crisis.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Abandonment of property
Languages : en
Pages : 280
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Book Description
Author: Christopher Foote
Publisher: DIANE Publishing
ISBN: 1437928773
Category : Law
Languages : en
Pages : 53
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Book Description
Takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. The authors focus on two key decisions: the borrower's choice to default on a mortgage and the lender's subsequent choice whether to renegotiate or modify the loan. Unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely to be the main reason that borrowers decide to default. The efficiency of foreclosure for investors is a more plausible explanation for the low number of modifications to date. Policies designed to reduce foreclosures should focus on ameliorating the effects of job loss rather than modifying loans to make them more affordable on a long-term basis. Illustrations.
Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Discrimination in mortgage loans
Languages : en
Pages : 124
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Book Description
Author: James H. Carr
Publisher: Routledge
ISBN: 1135889791
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
Segregation: The Rising Costs for America documents how discriminatory practices in the housing markets through most of the past century, and that continue today, have produced extreme levels of residential segregation that result in significant disparities in access to good jobs, quality education, homeownership attainment and asset accumulation between minority and non-minority households. The book also demonstrates how problems facing minority communities are increasingly important to the nation’s long-term economic vitality and global competitiveness as a whole. Solutions to the challenges facing the nation in creating a more equitable society are not beyond our ability to design or implement, and it is in the interest of all Americans to support programs aimed at creating a more just society. The book is uniquely valuable to students in the social sciences and public policy, as well as to policy makers, and city planners.
