scholarly journals The Mortgage Market in 2011: Highlights from the Data Reported under the Home Mortgage Disclosure Act

2012 ◽  
Vol 98 (6) ◽  
pp. 0-0 ◽  
Author(s):  
Robert B. Avery ◽  
◽  
Neil Bhutta ◽  
Kenneth P. Brevoort ◽  
Glenn B. Canner
Keyword(s):  
Mortgage Market ◽  
Home Mortgage Disclosure Act ◽  
Home Mortgage

scholarly journals The Mortgage Market in 2010: Highlights from the Data Reported under the Home Mortgage Disclosure Act

2011 ◽  
Vol 97 (6) ◽  
pp. 0-0 ◽  
Author(s):  
Robert B. Avery ◽  
◽  
Neil Bhutta ◽  
Kenneth P. Brevoort ◽  
Glenn B. Canner
Keyword(s):  
Mortgage Market ◽  
Home Mortgage Disclosure Act ◽  
Home Mortgage

scholarly journals Political Economies of Acute Childhood Illnesses: Measuring Structural Racism as Mesolevel Mortgage Market Risks

2021 ◽  
Vol 31 (Suppl) ◽  
pp. 319-332
Author(s):  
Alyasah Ali Sewell
Keyword(s):  
Sore Throat ◽  
Neighborhood Effects ◽  
Mortgage Market ◽  
Structural Racism ◽  
The Past ◽  
Market Risks ◽  
Home Mortgage Disclosure Act ◽  
Upset Stomach ◽  
Political Economies ◽  
Home Mortgage

Objectives: Health studies of structural racism/discrimination have been animated through the deployment of neighborhood effects frameworks that engage institutional­ist concerns about sociopolitical resources and mobility structures. This study high­lights the acute illness risks of place-based inequalities and neighborhood-varying race-based inequalities by focusing on access to and the regulation of mortgage markets.Design: By merging neighborhood data on lending processes from the Home Mortgage Disclosure Act with individual health from the Project on Human Development in Chicago Neighborhoods, this article evalu­ates the acute childhood illness risks of four mutually inclusive, political economies using multilevel generalized linear models.Setting: Chicago, IL, USAParticipants: Youth aged 0 to 17 yearsMethods: Multilevel logistic regressionMain Outcome Measures: The prevalence of 11 acute illnesses (cold/flu, sinus trouble, sore throat/tonsils, headache, upset stom­ach, bronchitis, skin infection, pneumonia, UTI, fungal disease, mononucleosis) and the past-year frequencies of 6 acute illnesses (cold/flu, sinus trouble, sore throat/tonsils, headache, upset stomach, bronchitis) are evaluated.Results: The most theoretically consistent predictor of illness is a measure identifying neighborhoods with above-city-median levels of racial disparities in the regulation of loans – a mesolevel measure of structural racism. In areas with high levels of Minority- White differences in less regulated credit, youth are more likely to have a range of acute illnesses and experience them at more frequent intervals in the past year.Conclusions: This article highlights the substantive and methodological importance of focusing on multidimensional representa­tions of institutionalized political economic inequalities circumscribed and traversed by the power relations established by institu­tions and the state.Ethn Dis.2021;31(Suppl1):319-332; doi:10.18865/ed.31.S1.319

The Global Recession of 2007–2009: The Moral Factor and Jewish Law

2010 ◽  
pp. 403-428
Author(s):  
Aaron Levine
Keyword(s):  
United States ◽  
The United States ◽  
Mortgage Market ◽  
Jewish Law ◽  
Subprime Mortgage ◽  
The Great Depression ◽  
Global Recession ◽  
United States Economy ◽  
Moral Factor ◽  
Home Mortgage

This article focuses on the recent global recession that raged the world and in particular the United States with special reference to Jewish law. In December 2007, the United States economy plunged into the longest and deepest downturn since the Great Depression. The driving force behind the recession was the widespread failure of the subprime mortgage market, the segment of the home mortgage market extending loans to households with impaired credit histories and with little or no documentation of income. The collapse of that sector occurred in a rapid succession of events beginning with the fall of Countrywide Financial in January 2008. This article further moves to explain the moral factor pervading the recession and analyses the situation as per Jewish law. The central relevant moral dictum of Jewish law is the Imitatio Dei principle, which says that, in our interpersonal conduct, we should emulate the various attributes of mercy.

scholarly journals Housing Affordability: Local and National Perspectives

2018 ◽  
Vol 3 (5) ◽  
Author(s):  
Laurie Goodman ◽  
Wei Li ◽  
Jun Zhu
Keyword(s):  
Local Area ◽  
Housing Affordability ◽  
Metropolitan Statistical Area ◽  
Area Index ◽  
New Approach ◽  
Home Mortgage Disclosure Act ◽  
Homeownership Rate ◽  
Race Ethnicity ◽  
Home Mortgage ◽  
Statistical Area

This paper presents a new approach to measuring affordable homeownership. Future changes in the homeownership rate will depend on the ability of today’s renters to become homeowners. Our proposed housing affordability for renters index (HARI) focuses on how affordable homeownership is for current renters. We look at the share of renters who reported the same or more income than those who recently purchased a home using a mortgage, in effect measuring how many renters have enough income to purchase a house. For each metropolitan statistical area (MSA), we construct a local area index that compares renters and borrowers in the same MSA and a national index that compares renters nationwide with homeowners in a specific MSA. We rely on the Administrative Data Research Facility to construct these indices. This database, constructed by the Urban Institute, aggregates American Community Survey variables and Home Mortgage Disclosure Act variables to common geographies. The new indices reveal that slightly more than a quarter of current US renters have incomes higher than those who recently became homeowners using a mortgage. The indices also reveal how housing affordability differs over time and across race/ethnicity groups and locations. We demonstrate the value of our new indices by showing that they are predictive of homeownership rates: MSAs that are deemed more affordable by our index have higher homeownership rates.

An Exploratory Study of Regulatory Failure in the Australian Home Mortgage Market

2018 ◽  
Vol 53 (1) ◽  
pp. 126-166 ◽  
Author(s):  
Gavin Nicholson ◽  
Ross Skelton ◽  
Julie-Anne Tarr
Keyword(s):  
Exploratory Study ◽  
Mortgage Market ◽  
Regulatory Failure ◽  
Home Mortgage

scholarly journals Historically Illustrating the Shift to Neoliberalism in the U.S. Home Mortgage Market

Societies ◽  
2019 ◽  
Vol 9 (1) ◽  
pp. 6 ◽  
Author(s):  
Ivis García
Keyword(s):  
Mortgage Market ◽  
Historical Case Study ◽  
Housing Crisis ◽  
Historical Case ◽  
Savings And Loans ◽  
New Policies ◽  
Home Mortgage ◽  
Oil Crises ◽  
Building Societies ◽  
The U.S

This article takes a long view of the U.S. housing market; from its inception as locally owned and operated Building Societies, through one of the first major U.S. housing crises in the early 1930s, as well as through the prosperous and surprisingly stable post-WWII era the so-called “Long Boom” during Keynesianism. As labor shortages became more severe, accompanied by stagflation and the simultaneous urban, fiscal, and oil crises of the late 60s and early 70s, key sectors of the U.S. economy rallied to dismantle established Keynesian policies. While the new policies associated with laissez–faire economic liberalism certainly aided in the mobility of capital, the overall economy as a result of this neoliberal turn became increasingly unstable and inequitable. This article seeks to add knowledge to the neoliberalism theory. The author concludes, based on a historical case study of the Savings and Loans industry, that neoliberalism was not a deterministic overthrow of neoliberal ideologues but a haphazard response to the contradictions of Keynesian logic. It is only from a historical approach that we may be able to understand the current housing crisis, foster policy innovation, and allow for institutional change within the U.S. mortgage market sector.

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