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Subprime Mortgages Foreclosures And Urban Neighborhoods


Subprime Mortgages Foreclosures And Urban Neighborhoods
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Subprime Mortgages Foreclosures And Urban Neighborhoods


Subprime Mortgages Foreclosures And Urban Neighborhoods
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Author : Kristopher S. Gerardi
language : en
Publisher: DIANE Publishing
Release Date : 2010-06

Subprime Mortgages Foreclosures And Urban Neighborhoods written by Kristopher S. Gerardi and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06 with Self-Help categories.


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.



Subprime Mortgages Foreclosures And Urban Neighborhoods


Subprime Mortgages Foreclosures And Urban Neighborhoods
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Author : Kristopher Gerardi
language : en
Publisher:
Release Date : 2014

Subprime Mortgages Foreclosures And Urban Neighborhoods written by Kristopher Gerardi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.


This paper analyzes the impact of the subprime crisis on urban neighborhoods in Massachusetts. The topic is explored using a dataset that matches race and income information from HMDA with property-level, transaction data from Massachusetts registry of deeds offices. With these data, we show that much of the subprime lending in the state was concentrated in urban neighborhoods and that minority homeownerships created with subprime mortgages have proven exceptionally unstable in the face of rapid price declines. The evidence from Massachusetts suggests that subprime lending did not, as is commonly believed, lead to a substantial increase in homeownership by minorities, but instead generated turnover in properties owned by minority residents. Furthermore, we argue that the particularly dire foreclosure situation in urban neighborhoods actually makes it somewhat easier for policymakers to provide remedies.



Subprime Mortgages Foreclosures And Urban Neighborhoods


Subprime Mortgages Foreclosures And Urban Neighborhoods
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Author :
language : en
Publisher:
Release Date : 2008

Subprime Mortgages Foreclosures And Urban Neighborhoods written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.




Neighborhoods The Blameless Victims Of The Subprime Mortgage Crisis


Neighborhoods The Blameless Victims Of The Subprime Mortgage Crisis
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Author : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy
language : en
Publisher:
Release Date : 2009

Neighborhoods The Blameless Victims Of The Subprime Mortgage Crisis written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.




Effects Of The Subprime Mortgage Crisis In New York City And Efforts To Help Struggling Homeowners


Effects Of The Subprime Mortgage Crisis In New York City And Efforts To Help Struggling Homeowners
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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
language : en
Publisher:
Release Date : 2008

Effects Of The Subprime Mortgage Crisis In New York City And Efforts To Help Struggling Homeowners written by United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.




Strengthening Our Economy


Strengthening Our Economy
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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
language : en
Publisher:
Release Date : 2010

Strengthening Our Economy written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Community development categories.




Restoring The American Dream


Restoring The American Dream
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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
language : en
Publisher:
Release Date : 2010

Restoring The American Dream written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.




A Local Look At The National Foreclosure Crisis


A Local Look At The National Foreclosure Crisis
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Author : United States. Congress. Joint Economic Committee
language : en
Publisher:
Release Date : 2007

A Local Look At The National Foreclosure Crisis written by United States. Congress. Joint Economic Committee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.




Subprime Mortgage Lending In New York City


Subprime Mortgage Lending In New York City
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Author : Ebiere Okah
language : en
Publisher: DIANE Publishing
Release Date : 2010-08

Subprime Mortgage Lending In New York City written by Ebiere Okah and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with Business & Economics categories.


Subprime mortgage lending expanded in New York City between 2004 and mid-2007, and delinquencies on these subprime loans have been rising sharply. The authors describe the main features of this lending and model the performance of these loans. These subprime loans are found to be clustered in neighborhoods where average borrower credit quality is low and, unlike prime mortgage loans, where African-Americans and Hispanics constitute relatively large shares of the population. The authors estimate a model of the likelihood that these loans will become seriously delinquent and find a significant role for credit quality of borrowers, debt-to-income and loan-to-value ratios at the time of loan origination, and estimates of the loss of home equity. Illus.



Preserving The American Dream


Preserving The American Dream
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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
language : en
Publisher:
Release Date : 2009

Preserving The American Dream written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Financial services industry categories.