The rise in subprime lending and the ensuing wave of foreclosures was partly a result of
market forces that have been well-identified in the literature, but it was also a highly …

The recent financial crisis, with its origins in the collapse of the sub-prime mortgage boom
and house price bubble in the USA, is a shown to have been a striking example of …

This paper examines racial and ethnic differences in high-cost mortgage lending in seven
diverse metropolitan areas from 2004 to 2007. Controlling for credit score and other risk …

We investigate the relationship between foreclosures and hospital visits using data on all
foreclosures and all hospital and emergency room visits from four states that were among …

A leading explanation for the lack of widespread mortgage renegotiation is the existence of
frictions in the mortgage securitization process. This paper finds similarly small renegotiation …

In this paper, we use two comprehensive micro-data sets to study how the distribution of
mortgage debt evolved during the 2000s housing boom. We show that the allocation of …

The world development institutions commonly present'urban governance'as an antidote to
the so-called'urbanisation of poverty'and'parasitic urbanism'in Africa. Governance for Pro …

The subprime crisis shook the American economy to its core. How did it happen? Where
was the government? Did anyone see the crisis coming? Will the new financial reforms …

This study addresses two largely unanswered questions about the United States subprime
crisis: why were minority applicants, who had been excluded from equal access to mortgage …

This paper examines mortgage outcomes for a large sample of individual home purchases
and refinances linked to credit scores in seven major US markets. Among those with similar …