195
Views
25
CrossRef citations to date
0
Altmetric
ARTICLES

Analysing Determinants of Foreclosure among High-income African-American and Hispanic Borrowers in the Washington, DC Metropolitan Area

&
Pages 195-220 | Published online: 09 Jun 2011

References

  • Anacker , K. B. and Carr , J. H. 2009 . Die Immobilienkrise in den USA: Ursachen, Auswirkungen und ein vorläufiger Ausblick [The real estate crisis in the USA: causes, impacts and a preliminary outlook] . Die Alte Stadt , : 283 – 296 .
  • Arrow , K. 1973 . “ The theory of discrimination ” . In Discrimination in Labor Markets , Edited by: Aschenfelter , O. and Rees , A. 3 – 33 . Princeton , NJ : Princeton University Press .
  • Avery , R. B. , Brevoort , K. P. and Canner , G. B. 2007 . The 2006 HMDA data . Federal Reserve Bulletin , December : A73 – A109 .
  • Baxter , V. and Lauria , M. 2000 . Residential mortgage foreclosure and neighborhood change . Housing Policy Debate , 11 ( 3 ) : 675 – 699 .
  • Becker , G. S. 1971 . The Economics of Discrimination , Chicago , IL : The University of Chicago Press .
  • Berkovec , J. A. , Canner , G. B. , Gabriel , S. A. and Hannan , T. H. 1996a . Mortgage discrimination and FHA loan performance . Cityscape: A Journal of Policy Development and Research , 2 ( 1 ) : 9 – 23 .
  • Berkovec , J. A. , Canner , G. B. , Gabriel , S. A. and Hannan , T. H. 1996b . Response to critiques of ‘Mortgage discrimination and FHA loan performance’ . Cityscape: A Journal of Policy Development and Research , 2 ( 1 ) : 49 – 53 .
  • Bocian , D. G. , Ernst , K. S. and Li , W. 2006 . Unfair Lending: The Effect of Race and Ethnicity on the Price of Subprime Mortgages CRL Research Paper, Center for Responsible Lending. Available at: http://www.responsiblelending.org/mortgage-lending/research-analysis/unfair-lending-the-effect-of-race-and-ethnicity-on-the-price-of-subprime-mortgages.html (accessed 1 July 2010).
  • Bocian , D. G. , Li , W. and Ernst , K. S. 2010 . Foreclosures of Race and Ethnicity: The Demographics of a Crisis CRL Research Paper, Center for Responsible Lending. Available at: http://www.responsiblelending.org/mortgage-lending/research-analysis/foreclosures-by-race-and-ethnicity.pdf (accessed 1 July 2010).
  • Calem , P. S. , Gillen , K. and Wachter , S. 2004 . The neighborhood distribution of subprime mortgage lending . Journal of Real Estate Finance and Economics , 29 ( 4 ) : 393 – 410 .
  • Canner , G. and Bhutta , N. 2008 . Memorandum to Sandra Braunstein Available at: http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf (accessed 1 July 2010).
  • Coulton , C. , Chan , T. , Schramm , M. and Mikelbank , K. 2008 . Pathways to Foreclosure: A Longitudinal Study of Mortgage Loans, Cleveland and Cuyahoga County, 2005–2008 , Report, Case Western Reserve University, Center on Urban Poverty and Community Development . Available at: http://blog.case.edu/msass/2008/06/23/Pathways_to_foreclosure_6_23.pdf (accessed 1 July 2010).
  • Crawford , G. and Rosenblatt , E. 1999 . Differences in the cost of mortgage credit: implications for discrimination . Journal of Real Estate Finance and Economics , 19 ( 2 ) : 147 – 159 .
  • Ding , L. , Quercia , R. G. and Ratcliffe , J. 2009 . Neighborhood Subprime Lending and the Performance of Community Reinvestment Mortgages Working Paper, Center for Community Capital, The University of North Carolina at Chapel Hill. Available at: http://www.ccc.unc.edu/documents/Neighbor.SubPrime.CRA.Mtges.8.09.pdf (accessed 1 July 2010).
  • Engel , K. C. and McCoy , P. 2002 . A tale of three markets: the law and economics of predatory lending . 80 Texas Law Review , 1255 : 1270 – 1298 .
  • Engel , K. C. and McCoy , P. 2008 . “ From credit denial to predatory lending: the challenge of sustaining minority homeownership ” . In Segregation: The Rising Costs for America , Edited by: Carr , J. H. and Kutty , N. K. 81 – 123 . New York , NY : Routledge .
  • Fair Isaac Corporation . 2010 . “ Get your FICO score. Free ” . Available at: http://www.myfico.com/Default.aspx (accessed 1 July 2010).
  • Galster , G. C. 1992 . Research on discrimination in housing and mortgage markets: assessment and future directions . Housing Policy Debate , 3 ( 2 ) : 639 – 683 .
  • Galster , G. C. 1998 . “ Discrimination ” . In The Encyclopedia of Housing , Edited by: van Vliet , W. 118 – 121 . Thousand Oaks , CA : Sage Publications .
  • Garr , D. J. 1998 . “ Refinancing ” . In The Encyclopedia of Housing , Edited by: van Vliet , W. 463 – 464 . Thousand Oaks , CA : Sage Publications .
  • Gerardi , K. , Shapiro , A. H. and Willen , P. S. 2007 . Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures Working Paper No. 07-15, Federal Reserve Bank of Boston. Available at: http://www.bos.frb.org/economic/wp/wp2007/wp0715.htm (accessed 1 July 2010).
  • Gruenstein , D. and Herbert , C. E. 2000 . Analyzing Trends in Subprime Originations and Foreclosures: A Case Study of the Boston Metro Area Abt Associates Report. Available at: http://www.abtassociates.com/reports/es-2000804000192_87267.pdf (accessed 1 July 2010).
  • Hamilton , L. C. 1992 . Regression with Graphics. A Second Course in Applied Statistics , Belmont , CA : Duxbury Press .
  • Immergluck , D. 2008a . From the subprime to the exotic . Journal of the American Planning Association , 74 ( 1 ) : 59 – 76 .
  • Immergluck , D. 2008b . “ The accumulation of foreclosed properties: trajectories of Metropolitan REO inventories during the 2007–2008 mortgage crisis, Community Affairs Discussion Paper No. 02-08, Federal Reserve Bank of Atlanta ” . Available at: http://www.frbatlanta.org/filelegacydocs/dp_0208.pdf (accessed 1 July 2010).
  • Immergluck , D. 2009a . Foreclosed. High-risk Lending, Deregulation, and the Undermining of America's Mortgage Market , Ithaca , NY : Cornell University Press .
  • Immergluck , D. 2009b . The foreclosure crisis, foreclosed properties, and federal policy . Journal of the American Planning Association , 75 ( 4 ) : 406 – 423 .
  • Immergluck , D. and Smith , G. 2005 . Measuring the effect of subprime lending on neighborhood foreclosures: evidence from Chicago . Urban Affairs Review , 40 ( 3 ) : 362 – 389 .
  • Jaffe , A. J. 1998a . “ Adjustable-rate mortgages ” . In The Encyclopedia of Housing , Edited by: van Vliet , W. 6 – 7 . Thousand Oaks , CA : Sage Publications .
  • Jaffe , A. J. 1998b . “ Balloon mortgage ” . In The Encyclopedia of Housing , Edited by: van Vliet , W. 29 Thousand Oaks , CA : Sage Publications .
  • Jaffe , A. J. 1998c . “ Amortization ” . In The Encyclopedia of Housing , Edited by: van Vliet , W. 21 – 22 . Thousand Oaks , CA : Sage Publications .
  • King , A. T. 1981 . Discrimination in Mortgage Lending. A Study of Three Cities , New York , NY : New York University .
  • Kroszner , R. 2009 . “ The Community Reinvestment Act and the recent mortgage crisis ” . In Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act , Edited by: Chakrabarti , P. , Erickson , D. , Essene , R. S. , Galloway , I. and Olson , J. 8 – 11 . Boston , MA : Federal Reserve Banks of Boston and San Francisco . San Francisco, CA
  • Lacy , K. R. 2007 . Blue-chip Black. Race, Class, and Status in the New Black Middle Class , Berkeley , CA : University of California Press .
  • Laderman , E. and Reid , C. 2008 . Lending in Low- and Moderate-income Neighborhoods in California: The Performance of CRA Lending During the Subprime Meltdown Working Paper, Federal Reserve Bank of San Francisco. Available at: http://www.richmondfed.org/conferences_and_events/research/2008/pdf/lending_in_low_and_moderate_income_neighborhoods.pdf (accessed 1 July 2010).
  • Laderman , E. and Reid , C. 2009 . “ CRA lending during the subprime meltdown ” . In Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act , Edited by: Chakrabarti , P. , Erickson , D. , Essene , R. S. , Galloway , I. and Olson , J. 115 – 133 . Boston , MA : Federal Reserve Banks of Boston and San Francisco . San Francisco, CA
  • Lauria , M. and Baxter , V. 1999 . Residential mortgage foreclosure and racial transition in New Orleans . Urban Affairs Review , 34 ( 6 ) : 757 – 786 .
  • Ludwig , E. A. , Kamihachi , J. and Toh , L. 2009 . “ The Community Reinvestment Act: past successes and future opportunities ” . In Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act , Edited by: Chakrabarti , P. , Erickson , D. , Essene , R. S. , Galloway , I. and Olson , J. 84 – 104 . Boston , MA : Federal Reserve Banks of Boston and San Francisco . San Francisco, CA
  • Mayer , C. and Pence , K. 2008 . Subprime Mortgages: What, Where, and to Whom? Finance and Economics Discussion Series, Federal Reserve Board. Available at: http://www.federalreserve.gov/pubs/feds/2008/200829/200829pap.pdf (accessed 1 July 2010).
  • McClain , J. and Fowler , L. 2008 . Foreclosures in the Washington, DC Region: Evaluating the Scope of the Crisis Regional Housing Foreclosure Summit Paper. Available at: http://www.mwcog.org/uploads/pub-documents/zVdbWQ20080623130246.pdf (accessed 1 July 2010).
  • Morrow-Jones , H. A. 1998 . “ Federal Housing Administration ” . In The Encyclopedia of Housing , Edited by: van Vliet , W. 181 – 183 . Thousand Oaks , CA : Sage Publications .
  • Myers , S. L. and Chan , T. 1995 . Racial discrimination in housing markets: accounting for credit risk . Social Science Quarterly , 76 ( 3 ) : 543 – 561 .
  • National Community Reinvestment Coalition (NCRC) . 2010 . Foreclosure in the Nation's Capital: How Unfair and Reckless Lending Undermines Homeownership Working Paper. Available at: http://www.ncrc.org/images/stories/pdf/research/ncrc_foreclosure_paper_final.pdf (accessed 1 July 2010).
  • Newman , K. and Wyly , E. K. 2004 . Geographies of mortgage market segmentation: the case of Essex County, New Jersey . Housing Studies , 19 ( 1 ) : 53 – 83 .
  • Nothaft , F. E. and Perry , V. G. 2002 . Do mortgage rates vary by neighborhood? Implications for loan pricing and redlining . Journal of Housing Economics , 11 : 244 – 265 .
  • Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of Thrift Supervision, n.d. Memorandum. Subject: Subprime Lending. Description: Expanded Guidance for Subprime Lending Programs .
  • Page , M. 1995 . Racial and ethnic discrimination in urban housing markets: evidence from a recent audit study . Journal of Urban Economics , 38 : 183 – 206 .
  • Schafer , R. and Ladd , H. F. 1981 . Discrimination in Mortgage Lending , Cambridge , MA : Massachusetts Institute of Technology .
  • Scheessele , R. M. 2002 . Black and White Disparities in Subprime Mortgage Refinance Lending, Housing Finance Working Paper Series, US Department of Housing and Urban Development, Office of Policy Development and Research. Available at: http://www.huduser.org/Publications/pdf/workpapr14.pdf (accessed 1 July 2010).
  • Schloemer , E. , Li , W. , Ernst , K. and Keest , K. 2006 . Losing Ground: Foreclosures in the Subprime Market and Their Cost to Homeowners CRL Report, Center for Responsible Lending. Available at: http://www.responsiblelending.org/mortgage-lending/research-analysis/foreclosure-paper-report-2-17.pdf (accessed 1 July 2010).
  • Schwartz , A. 2010 . Housing Policy in the United States , New York , NY : Routledge .
  • Shiller , R. J. 2008 . The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It , Princeton , NJ : Princeton University Press .
  • Sidney , M. 1998 . “ Department of Veterans Affairs ” . In The Encyclopedia of Housing , Edited by: van Vliet , W. 115 – 116 . Thousand Oaks , CA : Sage Publications .
  • Squires , G. D. and O’Connor , S. 2001 . Color and Money. Politics and Prospects for Community Reinvestment in Urban America , Albany , NY : State University of New York Press .
  • US Bureau of the Census . “ Metropolitan and Micropolitan Statistical Area Estimates: Annual Estimates of the Population: April 1, 2000 to July 1, 2009 ” . Available at: http://www.census.gov/popest/metro/CBSA-est2009-annual.html (accessed 1 July 2010).
  • US Government Printing Office . 2010 . Public Law 111-203 – July 21, 2010. Dodd-Frank Wall Street Reform and Consumer Protection Act Available at: http://www.gpo.gov/fdsys/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf (accessed 1 July 2010).
  • Vogt , W. P. 2005 . Dictionary of Statistics & Methodology. A Nontechnical Guide for the Social Sciences , Thousand Oaks , CA : Sage Publications .
  • Wyly , E. K. , Moos , M. , Foxcroft , H. and Kabahizi , E. 2007 . Subprime mortgage segmentation in the American urban system . Tijdschrift voor Economische en Sociale Geografie , 99 ( 1 ) : 3 – 23 .
  • Yinger , J. 1986 . Measuring racial discrimination with fair housing audits: caught in the act . The American Economic Review , 76 ( 5 ) : 881 – 893 .
  • Yinger , J. 1998 . Housing discrimination is still worth worrying about . Housing Policy Debate , 9 ( 4 ) : 893 – 927 .

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.