Download or read book Role of Non Owner Occupied Homes in the Current Housing and Foreclosure Cycle written by Breck L. Robinson and published by DIANE Publishing. This book was released on 2010-10 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-occupant homeowners (NOH) differ from owner occupants in that they tend to have lower-risk credit characteristics, but may also have weaker incentives to maintain mortgage pay. when housing values fall. During the recent housing boom, the share of mortgage borrowing by NOH was relatively high in states where home values rose rapidly. After the housing boom, foreclosures on NOH mortgages in several Midwestern and Northeastern states reflected a high rate of foreclosure per mortgage, not a high vol. of mortgages to NOH. The reverse held true in coastal and mountain states. NV and FL have experienced the greatest impact overall, because they have both a high vol. of mortgages to NOH and a high rate of foreclosure on those mortgages. Illus.
Download or read book The Performance of Non Owner Occupied Mortgages During the Housing Crisis written by Breck L. Robinson and published by . This book was released on 2015 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article documents the contributions of non-owner occupants to the demand for housing prior to the housing crisis. In addition, this article observes the post-origination performance of non-owner-occupied mortgages during the crisis. Theory tells us that non-owner occupant homeowners differ from owner occupants in that they tend to view homeownership as a financial transaction that can be terminated if the investment is no longer financially feasible. As a result, theory tells us that lenders hold non-owner occupants to a higher underwriting standard in an attempt to mitigate the increased risk of lending to this group. My results show that non-owner occupants have lower risk characteristics when compared to owner occupants and this lower risk may be a contributing factor in explaining the similarity in foreclosure rates between owner and non-owner occupants. In order to identify the impact of foreclosures from mortgages originated to non-owner occupants during the housing crisis, I isolate the impact into two components: the prevalence and the performance of non-owner-occupied mortgages. The data show that there is variation at the state level in impact measures from foreclosures on mortgages to non-owner occupants. In addition, the source of this impact is different by region of the country. For example, some Midwestern states have been impacted by foreclosures to non-owner occupants as a result of their poor performance during the housing crisis. However, the high impact factor for some Western and coastal states is largely attributable to the large volume of mortgages originated to non-owner occupants. In states like Nevada and Florida, high overall impact is a function of both high prevalence and poor performance on mortgages originated to non-owner occupants.
Download or read book Housing and the Financial Crisis written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2013-08-19 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.
Download or read book Community Policing written by Victor E. Kappeler and published by Routledge. This book was released on 2015-02-13 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Community policing is a philosophy and organizational strategy that expands the traditional police mandate of fighting crime to include forming partnerships with citizenry that endorse mutual support and participation. The first textbook of its kind, Community Policing: A Contemporary Perspective delineates this progressive approach, combining the accrued wisdom and experience of its established authors with the latest research-based insights to help students apply what is on the page to the world beyond. This seventh edition extends the road map presented by Robert Trojanowicz, the father of community policing, and brings it into contemporary focus. The text has been revised throughout to include the most current developments in the field, including "Spotlight on Community Policing Practice" features that focus on real-life community policing programs in various cities as well as problem-solving case studies. Also assisting the reader in understanding the material are Learning Objectives, Key Terms, and Discussion Questions, in addition to numerous links to resources outside the text. A glossary and an appendix, "The Ten Principles of Community Policing," further enhance learning of the material.
Download or read book Oversight of VA Home Loan Guaranty Program Including H R 2618 H R 2664 and H R 2505 written by United States. Congress. House. Committee on Veterans' Affairs. Subcommittee on Housing and Memorial Affairs and published by . This book was released on 1983 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreclosure Problems and Solutions written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 2008 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Texas Foreclosure Manual Third Edition written by William H. Locke and published by . This book was released on 2014-05-02 with total page 1198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The American Mortgage System written by Susan M. Wachter and published by University of Pennsylvania Press. This book was released on 2011-05-31 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful home ownership requires the availability of appropriate mortgage products. In the years leading up to the collapse of the housing market, home buyers frequently accepted mortgages that were not only wrong for them but catastrophic for the economy as a whole. When the housing market bubble burst, so did a cornerstone of the American dream for many families. Restoring the promise of this dream requires an unflinching inspection of lending institutions and the right tools to repair the structures that support solid home purchases. The American Mortgage System: Crisis and Reform focuses on the causes of the housing market collapse and proposes solutions to prevent another rash of foreclosures. Edited by two leaders in the field of real estate and finance, Susan M. Wachter and Marvin M. Smith, The American Mortgage System examines key elements of the mortgage meltdown. The volume's contributors address the influence of the Community Reinvestment Act, which is often blamed for the crisis. They uncover how the government-sponsored enterprises Fannie Mae and Freddie Mac invested outside the housing market with disastrous results. They present surprising information about low-income borrowers and the strengths of local banks. This collection of thoughtful studies includes extensive analysis of loan practices and the creation of unstable mortgage securities, presenting data largely unavailable until now. More than a critique, The American Mortgage System offers solutions to the problems facing the future of American home ownership, including identifying asset price bubbles, calculating risk, and preventing discrimination in lending. Measured yet timely and by turns provocative, The American Mortgage System provides a careful assessment of a troubled but indispensable part of the economic and social structure of the United States. This book is a sound investment for economists, urban planners, and all who shape public policy.
Download or read book Federal Register written by and published by . This book was released on 1984 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The State of the Housing Market written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2011 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Affordable Housing Reader written by J. Rosie Tighe and published by Routledge. This book was released on 2013 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Affordable Housing Reader brings together classic works and contemporary writing on the themes and debates that have animated the field of affordable housing policy as well as the challenges in achieving the goals of policy on the ground. The Reader - aimed at professors, students, and researchers - provides an overview of the literature on housing policy and planning that is both comprehensive and interdisciplinary. It is particularly suited for graduate and undergraduate courses on housing policy offered to students of public policy and city planning. The Reader is structured around the key debates in affordable housing, ranging from the conflicting motivations for housing policy, through analysis of the causes of and solutions to housing problems, to concerns about gentrification and housing and race. Each debate is contextualized in an introductory essay by the editors, and illustrated with a range of texts and articles. Elizabeth Mueller and Rosie Tighe have brought together for the first time into a single volume the best and most influential writings on housing and its importance for planners and policy-makers.
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.
Download or read book Mortgage Foreclosures and Other Current Mortgage Credit Issues written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development and published by . This book was released on 1986 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Right to Housing written by Rachel G. Bratt and published by Temple University Press. This book was released on 2006 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of America's housing crisis by the leading progressive housing activists in the country.
Download or read book A Review of Mortgage Servicing Practices and Foreclosure Mitigation written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2008 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book H R 3068 TARP for Main Street Act of 2009 written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2009 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Problems in Mortgage Servicing from Modification to Foreclosure written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2011 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt:
