Download or read book Foreclosures of Subprime Mortgages in Chicago written by Morgan J. Rose and published by . This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreclosures of Subprime Mortgages in Chicago written by Morgan Rose and published by CreateSpace. This book was released on 2014-12-31 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Subprime Mortgages Foreclosures and Urban Neighborhoods written by Kristopher S. Gerardi and published by DIANE Publishing. This book was released on 2010-06 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Losing Ground Foreclosures in the Subprime Market Their Cost to Homeowners written by and published by DIANE Publishing. This book was released on 2006 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Unequal Burden in Chicago written by and published by . This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Addressing the Impact of the Foreclosure Crisis Federal Reserve Mortgage Outreach and Research Efforts written by and published by DIANE Publishing. This book was released on 2010 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Housing Management Foreclosures and Abandonments written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1975 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reducing Foreclosures written by Christopher Foote and published by DIANE Publishing. This book was released on 2009 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Segregation written by James H. Carr and published by Routledge. This book was released on 2008-04-18 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new imperative for equality / James H. Carr and Nandinee K. Kutty -- Origins of economic disparities : historical role of housing segregation / Douglas S. Massey -- From credit denial to predatory lending : the challenge of sustaining minority homeownership / Kathleen C. Engel and Patricia A. McCoy -- Housing and education : the inextricable link / Deborah McKoy and Jeffrey M. Vincent -- Residential segregation and employment inequality / Margery Austin Turner -- Impacts of housing and neighborhoods on health : pathways, racial/ethnic disparities, and policy directions / Dolores Acevedo-Garcia and Theresa L. Osypuk -- Neighborhood segregation, personal networks, and access to social resources / Rachel Garshick Kleit -- Continuing isolation : segregation in America today / Ingrid Gould Ellen -- Trends in the U.S. economy : the evolving role of minorities / Dean Baker and Heather Boushey -- The prospects and pitfalls of fair housing enforcement efforts / Gregory D. Squires -- Attaining a just (and economically secure) society / James H. Carr and Nandinee K. Kutty.

Download or read book Curbing Predatory Home Mortgage Lending written by United States. Department of Housing and Urban Development and published by . This book was released on 2000 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Subprime Mortgages written by Edward M. Gramlich and published by The Urban Insitute. This book was released on 2007 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, a new mortgage market offering loans at low interest rates and for little or no money down has given low-income people an opportunity to pursue the American dream of homeownership. The resulting wave in home buying promised to stabilize neighborhoods and families, boost the economy, and reduce crime. In many ways, the optimists were correct, but now, less than fifteen years later, the subprime mortgage market is collapsing, threatening to take the rest of the housing sector along with it.Subprime Mortgages: America's Latest Boom and Bust analyzes how the subprime market emerged, why it is in crisis, and how we can reform public policy to avert disaster. An attendant examination of the rental market also offers recommendations for shoring up what may be the best housing option for some families.

Download or read book Foreclosure Predatory Mortgage and Payday Lending in America s Cities written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy and published by . This book was released on 2007 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Bank National Association V Clark written by and published by . This book was released on 2004 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Preserving the American Dream written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2009 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Progress in Administrative and Other Efforts to Coordinate and Enhance Mortgage Foreclosure Prevention written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2008 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Silent Depression written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2010 with total page 1668 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report to Congress on the Root Causes of the Foreclosure Crisis written by Christopher E. Herbert and published by DIANE Publishing. This book was released on 2010-06 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes data and trends in the residential housing market and reviews the academic lit. and industry press on the root causes of the current foreclosure crisis (FC). Provides a review of policy responses and recommended actions to mitigate the FC and help prevent similar crises from occurring in the future. Contents: (1) Trends in Delinquencies and Foreclosures: Regional Trends in Foreclosures; (2) Lit. Review: General Lit. on Causes of Foreclosures and Delinquencies; Lit. Assessing Causes of the Current FC; Factors Enabling Expanded Risky Lending; (3) Policy Responses to the FC: Efforts To Address Rising Foreclosures; Efforts To Reduce the Risk of High Rates of Mortgage Foreclosures in the Future; Mortgage Market Reform. Illus.