Minority mortgage market experiences leading up to and during the financial crisis

Stephen L. Ross 22 August 2014

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The foreclosure crisis and the growth of subprime lending that preceded the crisis have disproportionately affected low income and minority neighbourhoods (Geradi and Willen 2009, Fisher et al. 2010, Mayer and Pence 2007, Edminston 2009) and have had significant negative consequences for minority homeownership (Geradi and Willen 2009).

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Topics:  Global crisis Poverty and income inequality

Tags:  subprime crisis, mortgage crisis, creditor discrimination, minority lending

Lender regulation and the mortgage crisis

Jihad Dagher, Ning Fu 26 June 2012

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The far-reaching consequences of the US mortgage crisis have sent economists and policymakers searching for a better understanding of the roots of the housing bubble. Recent research shows substantial evidence that the unprecedented mortgage boom was fueled by a deterioration in lending standards, which was at least partly due to a moral hazard problem created by the process of securitising loans or, in other words, the “Originate to Distribute” (OTD) model (see, for example, Dell'Ariccia et al. 2008; Keys et al. 2010; Mian and Sufi 2009; and Purnanandam 2010).

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Topics:  Global crisis International finance

Tags:  financial regulation, banking regulation, mortgage crisis

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