Housing foreclosure as a geographically contingent event: Columbus Ohio 2003-2007

Urban Geography

Volumn 34, Issue 6, 2013, Pages 764-794

  Brown, Lawrence A ^a   Webb, Michael D ^a   Chung, Su Yeul ^b  

^a OHIO STATE UNIVERSITY   (United States)

^b Sangmyung University   (South Korea)

Author keywords

Columbus Ohio; Contingency Foreclosure; Housing; Race Ethnicity; Subprime Lending; Urban

Indexed keywords

EMPIRICAL ANALYSIS; ETHNICITY; INCOME; INFLATION; LENDING BEHAVIOR; MORTGAGE LENDING; NEIGHBORHOOD; RACE; REGRESSION ANALYSIS; URBAN HOUSING;

COLUMBUS [OHIO]; OHIO; UNITED STATES;

EID: 84884888261     PISSN: 02723638     EISSN: None     Source Type: Journal    
DOI: 10.1080/02723638.2013.802128     Document Type: Review

References (84)

1. Badcock, B. 2002. Making Sense of Cities: A Geographical Survey, London, UK: Arnold.
2. Bajaj, V. and, Fessenden, F. 2007. What's behind the race gap?, New York Times. November4
3. Baxter, V. and, Lauria, M. 2000. Residential mortgage foreclosure and neighborhood change. Housing Policy Debate, 11: 675-699.
4. Berry, B. J. L. and, Kasarda, J. D. 1977. Contemporary Urban Ecology, New York, NY: Macmillan.
5. Boulding, K. E. 1956. General systems theory-The skeleton of science. Management Science, 2: 197-208.
6. Brooks, R. and, Ford, C. M. 2007. The United States of subprime. Wall Street Journal,. October11
7. Brooks, R. and, Simon, R. 2007. Subprime debacle traps even very credit-worthy. Wall Street Journal,. December3
8. Brown, L. A. and, Chung, S. Y. 2008. Market-led pluralism: Rethinking our understanding of racial/ethnic spatial patterning in U.S. cities. Annals of the Association of American Geographers, 98: 180-212.
9. Browning, L. 2008. Ex-officer faults mortgage giants for orgy of nonpirme loans, New York Times. December10
10. Calem, P. S. Hershaff, J. E. and, Wachter, S. M. 2004. Neighborhood patterns of subprime lending: Evidence from disparate cities. Housing Policy Debate, 15: 603-622. (Pubitemid 41403924)
11. Chorley, R. J. 1962. " Geomorphology and General Systems Theory ". In Geological Survey, Professional Paper 500-B, Washington, DC: United States Government Printing Office.
12. City of Columbus, 2002, The south side plan. Retrieved March 31, 2013 from City of Columbus, Department of Development, Planning Division Web site at http://assets.columbus.gov/development/planning/southsideplan.pdf.
13. City of Columbus, 2006, Greater parsons avenue: Area vision plan. Retrieved March 31, 2013 from City of Columbus, Department of Development, Planning Division Web site at http://assets.columbus.gov/development/planning/ ParsonsAveVisionPlan.pdf
14. City of Columbus, 2008, South side plan: Merion village and Schumacher place amendment. Retrieved March 31, 2013 from City of Columbus, Department of Development, Planning Division Web site at http://assets.columbus.gov/ development/planning/SouthsideMerionVillageandSchumacherPlacePlan.pdf
15. Community Research Partners, n.d. DataSource. Retrieved March 31, 2013 from Community Research Partners Web site at www.communityresearchpartners.org/ datatools/(http://www.communityresearchpartners.org/datatools/)
16. Crossney, K. B. 2010. Is predatory mortgage lending activity spatially clustered?. Professional Geographer, 62: 153-170.
17. Curry, T. and, Shibut, L. 2000. The cost of the savings and loan crisis: Truth and consequences. FDIC Banking Review, 13: 26-35.
18. Delgado, L. and, Gallagher, A. 2006. Borrower-and mortgage-related factors associated with FHA foreclosures. Family and Consumer Sciences Research Journal, 34: 204-222.
19. Eakin, H. and, Luers, A. L. 2006. Assessing the vulnerability of social-environmental systems. Annual Review of Environment and Resources, 31: 365-394. (Pubitemid 44748636)
20. Edmiston, K. D. and, Zalneraitis, R. 2007. Rising foreclosures in the United States: A perfect storm. Economic Review of the Federal Reserve Bank of Kansas City, Fourth Quarter 2007, 92: 115-145.
21. Evans, K. 2007. Mortgage turmoil hits renters. Wall Street Journal,. October11
22. Feagin, J. R. 1987. The secondary circuit of capital: Office construction in Houston, Texas. International Journal of Urban and Regional Research, 11: 172-192.
23. Finch, C. Emrich, C. T. and, Cutter, S. L. 2010. Disaster disparities and differential recovery in New Orleans. Population and Environment, 31: 179-202.
24. Fomunung, I. Washington, S. and, Guensler, R. 1999. A statistical model for estimating oxides of nitrogen emissions from light duty motor vehicles. Transportation Research Part D-Transport And Environment, 4: 333-352. (Pubitemid 30024585)
25. Gerardi, K. Rosen, H. S. and, Willen, P. 2007. Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market, National Bureau of Economic Research, Working Paper 12967.
26. Goodman, P. S. and, Morgenson, G. 2008. The reckoning: Saying yes, WaMu built empire on shaky loans, New York Times. December27
27. Gramlich, E. M. 2007. Booms and busts: The case of subprime mortgages. Economic Review of the Federal Reserve Bank of Kansas City,: 105-113. Fourth Quarter
28. Hagerty, J. R. and, Gepfert, K. 2007. One family's journey into a subprime trap. Wall Street Journal,. August16
29. Hagerty, J. R. and, Simon, R. 2008. Housing pain gauge: Nearly 1 in 6 owners "under water". Wall Street Journal, October 8
30. Harvey, D. 1975. " The political economy of urbanization in advanced capitalist Societies: The case of the United States ". In The Social Economy of Cities, Edited by: Gappert, G. and Rose, H. M. 119-163. Beverly Hills, CA: Sage. editors
31. Harvey, D. 1978. The urban process under capitalism: A framework for analysis. International Journal of Urban and Regional Research, 2: 101-131.
32. Haughney, C. 2008. Pain of foreclosures spreads to the affluent, New York Times. April25
33. Haurin, D. R. and, Morrow-Jones, H. A. 2006. The impact of real estate market knowledge on tenure choice: A comparison of black and white households. Housing Policy Debate, 17: 625-653.
34. Hogan, D. J. and, Marandola, E. Jr. 2005. Towards an interdisciplinary conceptualisation of vulnerability. Population, Space, and Place, 11: 455-471. (Pubitemid 41825391)
35. Holloway, S. R. 1998. Exploring the neighborhood contingency of race discrimination in mortgage lending in Columbus, Ohio. Annals of the Association of American Geographers, 88: 252-276. (Pubitemid 28358909)
36. Holloway, S. R. 2000. Identity, contingency, and the urban geography of "race". Social and Cultural Geography, 1: 197-208.
37. Hoover, E. M. and, Vernon, R. 1962. Anatomy of a Metropolis. The Changing Distribution of People and Jobs Within the New York Metropolitan Region, Garden City, NY: Doubleday, Anchor Books (paperback edition. Originally published by Cambridge, MA: Harvard University Press, 1959.
38. Hudson, M. 2007. Lending a hand: How Wall Street stoked the mortgage meltdown, Lehman and others transformed the market for riskiest borrowers. Wall Street Journal,. June27
39. Immergluck, D. 2009. Foreclosed: High-Risk Lending, Deregulation, and the Undermining of America's Mortgage Market, Ithaca, NY: Cornell University Press.
40. Immergluck, D. 2010. Neighborhoods in the wake of the debacle: Intrametropolitan patterns of foreclosed properties. Urban Affairs Review, 46: 3-36.
41. Immergluck, D. and, Smith, G. 2006. The external costs of foreclosure: The impact of single-family mortgage foreclosures on property values. Housing Policy Debate, 17: 57-79. (Pubitemid 44111205)
42. Jargowsky, P. A. 2003. Stunning Progress, Hidden Problems: The Dramatic Decline of Concentrated Poverty in the 1990s, Washington, DC: The Brookings Institution, Center on Urban and Metropolitan Policy.
43. Johnson, A. 2008. A blight on Ohio cities Columbus Dispatch. February19
44. Jones, J. P. III. and, Hanham, R. Q. 1995. Contingency, realism, and the expansion method. Geographical Analysis, 27: 185-207.
45. Jordan, M. 2007. Unlikely mortgage winner: Illegal immigrant loans have been solid bets; Threats are looming. Wall Street Journal,. October9
46. Kaplan, D. H. and, Sommers, G. G. 2009. An analysis of the relationship between housing foreclosures, lending practices, and neighborhood ecology: Evidence from a distressed county. Professional Geographer, 61: 101-120.
47. Karp, J. and, Jordan, M. 2007. How the subprime mess hit poor immigrant groups. Wall Street Journal,. December6
48. Krueckeberg, D. A. 1999. The grapes of rent: A history of renting in a country of owners. Housing Policy Debate, 10: 9-30.
49. Leland, J. 2007. As owners feel mortgage pain, so do renters, New York Times. November18
50. Leland, J. 2008. Baltimore finds subprime crisis snags women, New York Times. January 15
51. Lentz, E. R. 2003. Columbus: The Story of A City, Charleston, SC: Arcadia Publishing.
52. Lewis, M. 2010. The Big Short: Inside the Doomsday Machine, New York, NY: WW Norton.
53. Lord, R. 2005. American Nightmare: Predatory Lending and the Foreclosure of the American Dream, New York, NY: Common Courage Press.
54. Lucy, W. 2010. Foreclosing the Dream: How America's Housing Crisis is Reshaping Our Cities and Suburbs, Chicago, IL: Planners Press.
55. Mandel, J. 2001. Survival to Surplus: Variation in Livelihood Strategies Among Women in Porto Novo, Benin, Department of Geography, Ohio State University, Columbus. PhD Dissertation
56. Murray, A. Koschinsky, J. Liu, Y. Rey, S. J. and, Brown, L. A. 2013. Are foreclosures contagious? An exploratory space-time analysis of Ohio's Franklin County, 2001-2008. International Journal of Applied Geospatial Research,. forthcoming
57. Nasar, J. L. Evans-Cowley, J. S. and, Mantero, V. 2007. McMansions: The extent and regulation of super-sized houses. Journal of Urban Design, 12: 339-358. (Pubitemid 47491321)
58. Newman, K. and, Wyly, E. K. 2004. Geographies of mortgage market segmentation: The case of Essex County, New Jersey. Housing Studies, 19: 53-83. (Pubitemid 38162768)
59. Norusis, M. 2012. " Cluster analysis ". In IBM SPSS Statistics 19 Statistical Procedures Companion, Prentice-Hall, Pearson. Upper Saddle River, NJ: 375-404. Retrieved March 31, 2013 from Norusis Web site at http://www.norusis.com/pdf/SPC-v19.pdf
60. Openshaw, S. 1984. Ecological fallacies and the analysis of areal census data. Environment and Planning A, 16: 17-31.
61. Pfeiffer, D. 2012. African Americans search for more for less and peace of mind on the exurban frontier. Urban Geography, 33: 64-90.
62. Renuart, E. 2004. An overview of the predatory mortgage lending process. Housing Policy Debate, 15: 467-502. (Pubitemid 41403920)
63. Rothstein, D. and Mehta, S. 2009, Foreclosure growth in Ohio 2009. Policy Matters Ohio. Retrieved March 31, 2013 from Policy Matters Ohio Web site at http://www.policymattersohio.org/wp-content/uploads/2011/09/ ForeclosureGrowth2009.pdf (http://www.policymattersohio.org/wp-content/uploads/ 2011/09/ForeclosureGrowth2009.pdf)
64. Salmon, F. 2007, Explaining CDO's, Overcollateralization edition. Market Movers Blog, Conde Nast Portfolio.com. Retrieved December 31, 2013 from Upstart Business Journal Web site at http://www.portfolio.com/views/blogs/market-movers/ 2007/12/28/explaining-cdos-overcollateralization-edition
65. Sayer, A. 2000. Realism and Social Science, London, UK: Sage.
66. Securities Industry and Financial Markets Association (SIFMA), 2008, Selected industry statistics. Retrieved March 31, 2013 from Securities Industry and Financial Markets Association Web site at http://www.sifma.org/research/ statistics.aspx
67. Schafran, A. and, Wegman, J. 2012. Restructuring, race, and real estate: Changing home values and the new California metropolis, 1989-2010. Urban Geography, 33: 630-654.
68. Sharma, M. 2009. Spatial Integration and Neighborhood Diversity in US MSAs, 1990-2000: A Mixed-Method Approach, Department of Geography, Ohio State University. PhD DissertationColumbus.
69. Sharma, M. and, Brown, L. A. 2012. Racial/ethnic intermixing in intra-urban space and socioeconomic context: Columbus, Ohio and Milwaukee, Wisconsin. Urban Geography, 33: 317-347.
70. Shiller, R. 2005. Irrational Exuberance, 2nd, Princeton, NJ: Princeton University Press. ed.)
71. Shiller, R. 2008. The Subprime Solution: How Today's Global Financial Crisis Happened and What to Do about It, Princeton, NJ: Princeton University Press.
72. Simon, R. and, Corkery, M. 2008. Speculators may have accelerated housing downturn. Wall Street Journal, 6. February
73. Standard and Poor, 2010, S&P/Case-Shiller home price indices: 2009, A year in review. Retrieved March 31, 2013 from Standard and Poor Web site at http://www.cmegroup.com/trading/real-estate/files/SP-CSI-2009-Year-in-Review.pdf
74. Streitfeld, D. 2010. Owners stop paying mortgages, and stop fretting, New York Times. May31
75. Swyngedouw, E. 1996. The city as a hybrid: On nature, society and cyborg urbanization. Capitalism, Nature, Socialism, 7: 65-80.
76. Swyngedouw, E. 2006. Circulations and metabolisms: (Hybrid) natures and (cyborg) cities. Science as Culture, 15: 105-121.
77. United Way of Central Ohio, 2004, What matters: Community assessment 2004. Retrieved March 31, 2013 from Community Research Partners Web site at http://communityresearchpartners.org/uploads/publications/UWCO-CA-Web-PDF.pdf
78. Wallace, D. and, Wallace, R. 2000. Life and death in Upper Manhattan and the Bronx: Toward an evolutionary perspective on catastrophic social change. Environment and Planning A, 32: 1245-1266. (Pubitemid 30464401)
79. White House, 2004, Fact sheet: America's Ownership Society, expanding opportunities. Press Release. Retrieved March 31, 2013 from the White House Web site at http://georgewbush-whitehouse.archives.gov/news/releases/2004/08/ 20040809-9.html .
80. Whitehouse, M. 2007. Day of reckoning: Subprime aftermath: Losing the family home, Mortgages bolstered Detroit's middle class-Until money ran out. Wall Street Journal,. May30
81. Wrigley, N. 2002. Categorical Data Analysis for Geographers and Environmental Scientists, Caldwell, NJ: Blackburn Press (reprint of 1985 edition.
82. Wyly, E. K. Atia, M. Foxcroft, H. Hammel, D. J. and, Phillips-Watts, K. 2006. American home: Predatory mortgage capital and neighbourhood spaces of race and class exploitation in the United States. Geografiska Annaler B, 88: 105-132. (Pubitemid 43337591)
83. Wyly, E. K. Atia, M. and, Hammel, D. J. 2004. Has mortgage capital found an inner-city spatial fix?. Housing Policy Debate, 15: 623-685. (Pubitemid 41403925)
84. Wyly, E. K. Moos, M. Foxcroft, H. and, Kabahizi, E. 2008. Subprime mortgage segmentation in the American urban system. Tijdschrift voor Economische en Sociale Geografie, 99: 3-23.