Comparing Foreclosure Counseling Policies in the US and UK

Journal of Comparative Policy Analysis: Research and Practice

Volumn 12, Issue 4, 2010, Pages 417-438

  Collins, J Michael ^a   Orton, Michael ^b  

^a UNIVERSITY OF WISCONSIN MADISON   (United States)

^b UNIVERSITY OF WARWICK   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 79960324390     PISSN: 13876988     EISSN: 15725448     Source Type: Journal    
DOI: 10.1080/13876988.2010.495509     Document Type: Review

References (46)

1. Apgar, W. and Duda, M., 2005, Collateral Damage: The Municipal Impact of Today's Mortgage Foreclosure Boom (Minneapolis, MN: Homeownership Preservation Foundation), available at http:// www.hpfonline.org (accessed January 14, 2007).
2. Balmer, N., Pleasence, P., Buck, A. and Walker, H. C., 2005, Worried sick: the experience of debt problems and their relationship with health, illness and disability. Social Policy and Society, 5(1), pp. 39-51.
3. Berthoud, R. and Kempson, E., 1992, Credit and Debt: The PSI Report (London: Policy Studies Institute).
4. Collins, J. M., 2007, Exploring the design of financial counseling for mortgage borrowers in default. Journal of Family and Economic Issues, 28(2), pp. 207-226.
5. Council of Mortgage Lenders Statistics, 2007, available at: http://www.cml.org.uk/cml/statistics (accessed December 15, 2008).
6. Council of Mortgage Lenders Market Commentary, 2008, available at: http://www.cml.org.uk/cml/ publications/marketcommentary/109 (accessed December 20, 2008).
7. Cutts, A. C. and Green, R. K., 2005, Innovative servicing technology: smart enough to keep people in their houses?, in: N. Retsinas and E. Belsky (Eds) Building Assets, Building Credit: Creating Wealth in Low-Income Communities (Washington, DC: The Brookings Institution Press), pp. 348-378.
8. Cutts, A. C. and Merrill, W., 2008, Interventions in Mortgage Defaults: Problems and Practices to Prevent Home Loss and Lower Costs. Freddie Mac Working Paper.
9. Department for Business, Enterprise and Regulatory Reform, 2007, Tackling Over-indebtedness: Annual Report 2007 (London: Department for Business, Enterprise and Regulatory Reform).
10. Department of Trade and Industry, 2004, Tackling Over-indebtedness-Action Plan 2004 (London: Department of Trade and Industry).
11. Ding, L., Quercia, R. G. and Ratcliffe, J., 2008, Post-purchase counseling and default resolutions among low-and moderate-income borrowers. Journal of Real Estate Research, 30(3), pp. 315-344.
12. Elliehausen, G., Lundquist, E. C. and Staten, M. E., 2007, The impact of credit counseling on subsequent borrower behavior. Journal of Consumer Affairs, 41(1), pp. 1-28.
13. Esping-Andersen, G., 1990, The Three Worlds of Welfare Capitalism (Cambridge: Polity).
14. Fawcett Society, 2007, Women and Debt (London: Fawcett Society).
15. Financial Literacy and Education Commission, 2006 Taking Ownership of the Future (Washington, DC: Department of the Treasury).
16. Financial Services Authority, 2006, Financial Capability in the UK: Delivering Change (London: Financial Services Authority).
17. Ford, J., 1988, The Indebted Society: Credit and Default in the 1980s (London: Routledge).
18. Herbert, A. and Kempson, E., 1995, Water Debt and Disconnection (London: Policy Studies Institute).
19. Herbert, C. E., Turnham, J. and Rodgers, C. N., 2008, The State of the Housing Counseling Industry: 2008 Report (US Department of Housing and Urban Development, Office of Policy Development and Research, September).
20. Hinton, T. and Berthoud, R., 1988, Money Advice Services (London: HMSO).
21. Hirad, A. and Zorn, P.M., 2001, A Little Knowledge is a Good Thing: Empirical Evidence of the Effectiveness of Pre-purchase Homeownership Counseling (Joint Center for Housing Studies of Harvard University).
22. HM Treasury, 2004, Promoting Financial Inclusion (Norwich: HMSO).
23. Immergluck, D. and Smith, G., 2006, The impact of single-family mortgage foreclosures on neighbourhood crime. Housing Studies, 21(6), pp. 851-866.
24. Kempson, E., McKay, S. and Willitts K., 2004, Characteristics of Families in Debt and the Nature of Indebtedness (London: Department for Work and Pensions).
25. Moorhead, R. and Robinson, M., 2006, A Trouble Shared: Legal Problems Clusters in Solicitors, DCA Research Series 8/06 (London: Department for Constitutional Affairs).
26. OCC, 2008, US Office of the Comptroller of the Currency, available at http://www.occ.treas.gov/ftp/ADVISORY/2008-1.html (updated May 16, 2008) (accessed March 16, 2009).
27. Orr, L. L., Bell, S. H. and Lam, K., 2007, Long-term Impacts of the New Deal for Disabled People (Norwich UK: Research Report-Department For Work).
28. Orton, M., 2008, The Long-term Impact of Debt Advice-The Year 1 Report (Coventry: Warwick Institute for Employment Research).
29. Pearson, J. and Davis, L., 2002, The Hotline Outcomes Assessment Study. Final Report-Phase III: Full-Scale Telephone Survey (Denver: Center for Policy Research).
30. Pence, K. M., 2006, Foreclosing on opportunity: state laws and mortgage credit. Review of Economics and Statistics, 88(1), pp. 177-182.
31. Pew Charitable Trusts, 2008, Defaulting on the Dream: States Respond to America's Foreclosure Crisis, available at http://www.pewtrusts.org (accessed December 10, 2008).
32. Pleasence, P., 2008, Trials and tribulations: conducting randomized experiments in a socio-legal setting. Journal of Law and Society, 35(s1), pp. 8-29.
33. Pleasence, P. and Balmer, N. J., 2007, Changing fortunes: results from a randomized control trial of the offer of debt advice in England and Wales. Journal of Empirical Legal Studies, 4(3), pp. 651-673.
34. Pleasence, P., Balmer, N. J. and Buck, A., 2008, The health cost of civil law problems: further evidence of links between civil law problems and morbidity, and the consequential use of health services. Journal of Empirical Legal Studies, 5(2), pp. 351-373.
35. Pleasence, P., Buck, A., Balmer, N. J. and Williams, K., 2007, A Helping Hand: The Impact of Debt Advice on People's Lives (London: Legal Services Research Centre).
36. Quercia, R. and Cowan, S., 2008, The impacts of community-based foreclosure prevention programs. Housing Studies, 23(3), pp. 461-483.
37. Quercia, R. G. and Wachter, S. M., 1996, Homeownership counseling performance: how can it be measured? Housing Policy Debate, 7(1), pp. 175-187.
38. Quercia, R., Cowan, S. and Moreno, A., 2004, The Cost-Effectiveness of Community-Based Foreclosure Prevention (Joint Center for Housing Studies of Harvard University), available at www.jchs.harvard. edu (accessed January 14, 2007).
39. Roper Public Affairs and Media/Freddie Mac, 2005, Roper Survey Asks why More Delinquent Borrowers Don't Call Lenders for Help, available at http://www.freddiemac.com (accessed January 12, 2007).
40. Rose, R., 1991, Comparing forms of comparative analysis. Political Studies, 39(3), pp. 446-462.
41. Rowlingson, K. and Kempson, E., 1993, Gas Debt and Disconnections (London: Policy Studies Institute).
42. Sandefur, R., 2007, The importance of doing nothing: everyday problems and responses of inaction, in: P. Pleasence, A. Buck and N. J. Balmer (Eds) Transforming Lives: Law and Social Process (Norwich: TSO), pp. 112-132.
43. Smith, M. and Patel, A., 2008, Money Advice Outreach Evaluation: Cost and Effectiveness of the Outreach Pilots (London, Legal Services Research Centre).
44. Turley C. and White, C., 2007, Assessing the Impact of Advice for People with Debt Problems: Final Report (London: Legal Services Research Centre).
45. Williams, K. and Sansom, A., 2007, The Impact of Debt Advice: Advice Agency Client Study (London: Department for Constitutional Affairs).
46. Williams, T., 2004, Review of Research into the Impact of Debt Advice (London: Legal Services Research Centre).