The accumulation of lender-owned homes during the us mortgage crisis: Examining metropolitan REO inventories

Housing Policy Debate

Volumn 20, Issue 4, 2010, Pages 619-645

  Immergluck, Dan ^a  

^a GEORGIA INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

Foreclosure; Housing; Mortgage; Vacant abandoned property

Indexed keywords

EID: 79957664316     PISSN: 10511482     EISSN: 2152050X     Source Type: Journal    
DOI: 10.1080/10511482.2010.505872     Document Type: Article

References (15)

1. Apgar, William, and Mark Duda. 2005. Collateral damage: the municipal impact of today's mortgage foreclosure boom. Minneapolis: Homeownership Preservation Foundation. http://www.995hope.org/content/pdf/Apgar_Duda_Study_Short_Version.pdf (accessed February 12, 2009).
2. Calem, Paul, Jonathon Hershaff, and Susan Wachter. 2004. Neighborhood patterns of subprime lending: evidence from disparate cities. Housing Policy Debate 15: 603-22.
3. Campbell, John, Stefano Giglio, and Parag Pathak. 2008. Forced sales and housing prices. Federal Reserve System Conference on Housing and Mortgage markets, December 4, 5. http://www.richmondfed.org/conferences_and_events/research/2008/pdf/forced_sales_and_house_prices.pdf (retrieved on February 14, 2009).
4. Coulton, Claudia, Michael Schramm, and April Hirsch. 2008. Beyond REO: property transfers at extremely distressed prices in Cuyahoga county, 2005-2008. December. http://blog.case.edu/msass/2008/12/09/20081209_beyond_reo_final.pdf (accessed January 21, 2009).
5. Cutts, Amy Crews, and William Merrill. 2008. Interventions in mortgage default: policies and practices to prevent home loss and lower costs. In Borrowing to live: consumer and mortgage credit revisited, ed. N. Retsinas and E. Belsky. Washington, DC: Brookings Institution.
6. Danis, Michelle, and Anthony Pennington-Cross. 2005. A dynamic look at subprime loan performance. Journal of Fixed Income 15: 28-39.
7. Florida, Richard. 2009. How the crash will reshape America. The Atlantic. March. http://www.theatlantic.com/doc/200903/meltdown-geography (accessed February 14, 2009).
8. Gerardi, Kris, Adam Hale Shapiro, and Paul Willen. 2008. Subprime outcomes: risky mortgages, homeownership experiences, and foreclosures. Federal Reserve Bank of Boston Working Paper 07-15. http://www.bos.frb.org/economic/wp/wp2007/wp0715.pdf (accessed November 15, 2008).
9. Immergluck, Dan. 2008. Community response to the foreclosure crisis: thoughts on local interventions. Federal Reserve Bank of Atlanta Community Affairs Discussion Paper. http://www.frbatlanta.org/filelegacydocs/dp_0108.pdf (accessed January 20, 2009).
10. Immergluck, Dan, and Geoff Smith. 2006. The external costs of foreclosure: the impact of single-family mortgage foreclosures on property values. Housing Policy Debate 17, no. 1: 57-79.
11. Immergluck, Dan, and Marti Wiles. 1999. Two steps back: the dual mortgage market, predatory lending and the undoing of community development. Chicago: Woodstock Institute.
12. Long, J.S., and Freese, J. 2006. Regression models for categorical dependent variables using stata, 2nd edition. College Station, TX: Stata Press.
13. Mallach, Alan. 2008. How to spend $3.92 billion: stabilizing neighborhoods by addressing foreclosed and abandoned properties. Federal Reserve Bank of Philadelphia Discussion Paper, October. http://www.philadelphiafed.org/community-development/publications/discussion-papers/DiscussionPapers_Mallach_10_08_final.pdf (accessed November 15, 2008).
14. Mikelbank, Brian. 2008. Spatial analysis of the impact of vacant, abandoned and foreclosed properties. Unpublished Manuscript. Cleveland: Cleveland State University, June. Mortgage Bankers Association. 2007. Delinquencies increase in latest MBA national delinquency survey. September 6. http://www.mortgagebankers.org/NewsandMedia/PressCenter/56555.htm (accessed February 4, 2009).
15. Schuetz, Jennifer, Vicki Been, and Ingrid Gould Ellen. 2008. Neighboring effects of concentrated mortgage foreclosures. Working Paper 08-03. New York: Furman Center for Real Estate and Urban Policy. October 1.