137
Views
7
CrossRef citations to date
0
Altmetric
Articles

Weathering the storm: How have IDA homebuyers fared in the foreclosure crisis?

, , , &
Pages 605-625 | Received 02 Jul 2010, Accepted 22 Jun 2011, Published online: 26 Oct 2011

References

  • Avery , Robert , B. , Brevoort , Kenneth P. and Canner , Glenn B. 2007 . The 2006 HMDA data . Federal Reserve Bulletin , : A73 – 109 . Dec
  • Boehm , Thomas , P. and Alan Schlottmann . 2004 . Wealth accumulation and homeownership: evidence for low-income households , Cambridge, MA : Abt Associates .
  • Bostic , Raphael and Kwan Ok Lee . 2008 . Assets and credit among low-income households . American Economic Review , 98 ( 2 ) : 310 – 14 .
  • Bostic , Raphael and Kwan Ok Lee . 2009 . “ Homeownership: America's dream? ” . In Insufficient funds: Savings, assets, credit, and banking among low-income households , Edited by: Blank , Rebecca M. and Barr , Michael S. 218 – 56 . New York : Russell Sage Foundation .
  • Clancy , Margaret , Michal Grinstein-Weiss and Mark Schreiner . Financial education and saving outcomes in individual development accounts . Working Paper 01–2 . St. Louis, MO : Center for Social Development, Washington University .
  • Dietz , Robert , D. and Haurin , Donald R. 2003 . The social and private micro-level consequences of homeownership . Journal of Urban Economics , 54 : 401 – 50 .
  • DiPasquale , Denise and Glaeser , Edward L. 1999 . Incentives and social capital: Are homeowners better citizens? . Journal of Urban Economics , 45 : 354 – 84 .
  • Fishbein , Allen , J. and Patrick Woodall . 2006 . Women are prime targets for subprime lending: Women are disproportionately represented in high-cost mortgage market , Washington, DC : Consumer Federation of America .
  • Galster , George , C. and Santiago , Anna M. 2008 . “ Low-income homeownership as an asset-building tool ” . In Urban and regional policy and its effects , Edited by: Margery Austin Turner , Howard Wial and Harold Wolman . 60 – 108 . Washington, DC : Brookings Institution Press .
  • Green , Richard and Michelle White . 1997 . Measuring the benefits of homeowning: Effects on children . Journal of Urban Economics , 41 : 441 – 61 .
  • Grinstein-Weiss , Michal , Jung-Sook Lee , Greeson , Johanna K. P. , Chang-Keun Han , Yeo , Yeong H. and Kate Irish . 2008 . Fostering low-income homeownership through individual development accounts: A longitudinal, randomized experiment . Housing Policy Debate , 19 ( 4 ) : 711 – 39 .
  • Han , Chang-Keun and Michael Sherraden . 2009 . Do institutions really matter for saving among low-income households? . Journal of Socio-Economics , 38 ( 3 ) : 475 – 83 .
  • Haurin , Donald , R. , Parcel , Toby L. and Jean Haurin , R. 2002 . “ The impact of homeownership on child outcomes ” . In Low-income homeownership: Examining the unexamined goal , Edited by: Retsinas , Nicolas P. and Belsky , Eric S. 427 – 46 . Cambridge, MA : Joint Center for Housing Studies; Washington, DC: Brookings Institution Press .
  • Kane and Thomas . 1994 . College entry by Blacks since 1970: The role of college costs, family background, and the returns to education . Journal of Political Economy , 102 ( 5 ) : 878 – 911 .
  • Lerman , Robert , I. and Signe-Mary McKernan . 2008 . “ Benefits and consequences of holding assets ” . In Asset building and low-income families , Edited by: Signe-Mary McKernan and Michael Sherraden . 175 – 206 . Washington, DC : Urban Institute Press .
  • Mayer , Susan and Christopher Jencks . 1989 . Poverty and the distribution of material hardship . Journal of Human Resources , 24 ( 1 ) : 88 – 114 .
  • Mayer , Christopher , Karen Pence and Sherlund , Shane M. 2009 . The rise in mortgage defaults . Journal of Economic Perspectives , 23 ( 1 ) : 27 – 50 .
  • Mills , Gregory , Gale , William G. , Rhiannon Patterson , Engelhardt , Gary V. , Erickson , Michael D. and Emil Apostolov . 2008 . Effects of individual development accounts on asset purchases and savings behavior: Evidence from a controlled experiment . Journal of Public Economics , 92 ( 5–6 ) : 1509 – 30 .
  • Mills , Gregory , Kenneth Lam , Donna DeMarco , Christopher Rodger and Bulbul Kaul . 2008 . Assets for independence act evaluation , Cambridge, MA : Abt Associates .
  • RealtyTrac . 2008 . Foreclosure activity increases 75 percent in 2007 http://www.realtytrac.com/content/press-releases/us-foreclosure-activity-increases-75-percent-in-2007–3604
  • RealtyTrac . 2009a . Foreclosure activity increases 81 percent in 2008 http://www.realtytrac.com/content/press-releases/foreclosure-activity-increases-81-percent-in-2008–4551
  • RealtyTrac . 2009b . Foreclosure activity increases 9 percent in first quarter http://www.realtytrac.com/content/press-releases/foreclosure-activity-increases-9-percent-in-first-quarter-4799
  • Reid , Carolina and Elizabeth Laderman . 2009 . The untold costs of subprime lending: Examining the links among higher-priced lending, foreclosures, and race in California , San Francisco : Federal Reserve Bank of San Francisco .
  • Schreiner, Mark. 2006. Program costs for individual development accounts: Final figures from CAPTC in Tulsa. Savings and Development 30, no. 3: 247–74
  • Schreiner , Mark , Margaret Clancy and Michael Sherraden . 2002 . Saving performance in the American dream demonstration: A national demonstration of individual development accounts , CSD Report. St. Louis, MO : Center for Social Development, Washington University .
  • Schreiner , Mark and Michael Sherraden . 2007a . Can the poor save? Saving and asset building in individual development accounts , New Brunswick, NJ : Transaction Publishers .
  • Schreiner , Mark and Michael Sherraden . 2007b . Detecting effects on net worth is nettlesome work: Evidence from a randomized experiment with individual development accounts in Tulsa , Washington, DC : Association for Public Policy Analysis and Management .
  • Sherlund and Shane . 2008 . The past, present, and future of subprime mortgages , Finance and Economics Discussion Series 2008–63, Federal Reserve Board .
  • Shlay and Amy , B. 2006 . Low-income homeownership: American dream or delusion? . Urban Studies , 43 ( 3 ) : 511 – 31 .
  • Turner , Tracy , M. and Luea , Heather M. 2009 . Homeownership, wealth accumulation, and income status . Journal of Housing Economics , 18 ( 2 ) : 104 – 14 .
  • US Department of Health and Human Services, Office of Community Service. n.d. Report to Congress, Assets for Independence Program: Status at the conclusion of the tenth year , Washington, DC : Office of Community Service, Department of Health and Human Services .
  • Williams and Trina Rachelle . 2003 . The impact of household wealth and poverty on child development outcomes: Examining asset effects , Washington University : St. Louis .
  • Yadama , Gautam and Michael Sherraden . 1996 . Effects of assets on attitudes and behaviors: Advance test of a social policy proposal . Social Work Research , 20 ( 1 ) : 3 – 11 .
  • Zhan and Min . 2003 . Savings outcomes of single mothers in individual development account programs . Social Development Issues , 25 ( 1/2 ) : 74 – 88 .
  • Zhan , Min and Michael Sherraden . 2003 . Assets, expectations, and educational achievement . Social Service Review , 77 ( 2 ) : 191 – 211 .
  • Zielewski , Erica , Caroline Ratcliffe , Signe-Mary McKernan , Lissa Johnson and Michael Sherraden . 2009 . Evaluation design for the next phase of the assets for independence program: Final literature review , Washington, DC : US Department of Health and Human Services, Administration for Children and Families, Office of Community Services .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.