Protecting Minority Homeowners: Race, Foreclosure Counseling and Mortgage Modifications
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Jonghee Lee & Sherman D. Hanna, 2012. "Limitations of Combining Hispanics and African Americans for Analysis of Credit Problems," Journal of Consumer Affairs, Wiley Blackwell, vol. 46(3), pages 506-536, September.
- J. Michael Collins & Maximilian D. Schmeiser, 2013. "The Effects of Foreclosure Counseling for Distressed Homeowners," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 32(1), pages 83-106, January.
- Stephan Meier & Charles Sprenger, 2010.
"Present-Biased Preferences and Credit Card Borrowing,"
American Economic Journal: Applied Economics, American Economic Association, vol. 2(1), pages 193-210, January.
- Meier, Stephan & Sprenger, Charles, 2009. "Present-Biased Preferences and Credit Card Borrowing," IZA Discussion Papers 4198, Institute of Labor Economics (IZA).
- Heath, Chip & Soll, Jack B, 1996. "Mental Budgeting and Consumer Decisions," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 23(1), pages 40-52, June.
- J. Collins, 2007. "Exploring the Design of Financial Counseling for Mortgage Borrowers in Default," Journal of Family and Economic Issues, Springer, vol. 28(2), pages 207-226, June.
- Yuliya Demyanyk & Otto Van Hemert, 2011.
"Understanding the Subprime Mortgage Crisis,"
The Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 1848-1880.
- Yuliya Demyanyk & Otto van Hemert, 2009. "Understanding the subprime mortgage crisis," Proceedings, Federal Reserve Bank of San Francisco, issue Jan.
- Yuliya Demyanyk & Otto van Hemert, 2008. "Understanding the subprime mortgage crisis," Proceedings 1092, Federal Reserve Bank of Chicago.
- John Y. Campbell, 2006.
"Household Finance,"
Journal of Finance, American Finance Association, vol. 61(4), pages 1553-1604, August.
- Campbell, John, 2006. "Household Finance," Scholarly Articles 3157877, Harvard University Department of Economics.
- John Y. Campbell, 2006. "Household Finance," NBER Working Papers 12149, National Bureau of Economic Research, Inc.
- Zhenguo Lin & Eric Rosenblatt & Vincent Yao, 2009. "Spillover Effects of Foreclosures on Neighborhood Property Values," The Journal of Real Estate Finance and Economics, Springer, vol. 38(4), pages 387-407, May.
- Lei Ding & Roberto G. Quercia & Janneke Ratcliffe, 2008. "Post-purchase Counseling and Default Resolutions among Low- and Moderate-Income Borrowers," Journal of Real Estate Research, American Real Estate Society, vol. 30(3), pages 315-344.
- Munnell, Alicia H. & Geoffrey M. B. Tootell & Lynn E. Browne & James McEneaney, 1996.
"Mortgage Lending in Boston: Interpreting HMDA Data,"
American Economic Review, American Economic Association, vol. 86(1), pages 25-53, March.
- Lynn E. Browne & James McEneaney & Alicia H. Munnell & Geoffrey M. B. Tootell, 1992. "Mortgage lending in Boston: interpreting HMDA data," Working Papers 92-7, Federal Reserve Bank of Boston.
- Jesse Bricker & Brian Bucks & Arthur Kennickell & Traci Mach & Kevin Moore, 2012. "The Financial Crisis from the Family's Perspective: Evidence from the 2007–2009 SCF Panel," Journal of Consumer Affairs, Wiley Blackwell, vol. 46(3), pages 537-555, September.
- Bucks, Brian & Pence, Karen, 2008. "Do borrowers know their mortgage terms?," Journal of Urban Economics, Elsevier, vol. 64(2), pages 218-233, September.
- Courchane, Marsha & Gailey, Adam & Zorn, Peter, 2008. "Consumer credit literacy: What price perception," Journal of Economics and Business, Elsevier, vol. 60(1-2), pages 125-138.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Michael Collins, J. & Urban, Carly, 2014. "The dark side of sunshine: Regulatory oversight and status quo bias," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 470-486.
- Maximilian Schmeiser & Matthew Gross, 2016.
"The Determinants of Subprime Mortgage Performance Following a Loan Modification,"
The Journal of Real Estate Finance and Economics, Springer, vol. 52(1), pages 1-27, January.
- Matthew B. Gross & Maximilian D. Schmeiser, 2015. "The Determinants of Subprime Mortgage Performance Following a Loan Modification," Finance and Economics Discussion Series 2015-6, Board of Governors of the Federal Reserve System (U.S.).
- Hooman Estelami & Nicole N. Estelami, 2024. "The differential impact of cognitive style on the relationship between financial education and financial literacy," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(2), pages 242-256, June.
- M. Lundholm, 2021. "Compensation and Socio-Economic Status of Borrowers in Foreclosure: Evidence from Swedish Micro-data," Journal of Consumer Policy, Springer, vol. 44(1), pages 95-116, March.
- Matthew Hall & Kyle Crowder & Amy Spring, 2015. "Variations in Housing Foreclosures by Race and Place, 2005–2012," The ANNALS of the American Academy of Political and Social Science, , vol. 660(1), pages 217-237, July.
- Danne, Christian & McGuinness, Anne, 2016. "Mortgage modifications and loan performance," Research Technical Papers 05/RT/16, Central Bank of Ireland.
- Chunhui Ren, 2020. "A Framework for Explaining Black-White Inequality in Homeownership Sustainability," Demography, Springer;Population Association of America (PAA), vol. 57(4), pages 1297-1321, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Stephanie Moulton & Cäzilia Loibl & Anya Samak & J. Michael Collins, 2013. "Borrowing Capacity and Financial Decisions of Low-to-Moderate Income First-Time Homebuyers," Journal of Consumer Affairs, Wiley Blackwell, vol. 47(3), pages 375-403, November.
- Benjamin Levinger & Marques Benton & Stephan Meier, 2011. "The Cost of Not Knowing the Score: Self-Estimated Credit Scores and Financial Outcomes," Journal of Family and Economic Issues, Springer, vol. 32(4), pages 566-585, December.
- J. Collins, 2011. "Mortgage Mistakes? Demographic Factors Associated with Problematic Loan Application Behaviors," Journal of Family and Economic Issues, Springer, vol. 32(4), pages 586-599, December.
- Russell, Blair D. & Moulton, Stephanie & Greenbaum, Robert T., 2014. "Take-up of mortgage assistance for distressed homeowners: The role of geographic accessibility," Journal of Housing Economics, Elsevier, vol. 24(C), pages 57-74.
- van Ooijen, Raun & van Rooij, Maarten C.J., 2016. "Mortgage risks, debt literacy and financial advice," Journal of Banking & Finance, Elsevier, vol. 72(C), pages 201-217.
- Marius Ascheberg & Robert A. Jarrow & Holger Kraft & Yildiray Yildirim, 2014. "Government Policies, Residential Mortgage Defaults and the Boom and Bust Cycle of Housing Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(3), pages 627-661, September.
- Jonathan Zinman, 2014.
"Consumer Credit: Too Much or Too Little (or Just Right)?,"
The Journal of Legal Studies, University of Chicago Press, vol. 43(S2), pages 209-237.
- Jonathan Zinman, 2013. "Consumer Credit: Too Much or Too Little (or Just Right)?," NBER Working Papers 19682, National Bureau of Economic Research, Inc.
- Dietsch, Michel & Petey, Joël, 2015. "The credit-risk implications of home ownership promotion: The effects of public subsidies and adjustable-rate loans," Journal of Housing Economics, Elsevier, vol. 28(C), pages 103-120.
- Margaret Miller & Julia Reichelstein & Christian Salas & Bilal Zia, 2015.
"Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature,"
The World Bank Research Observer, World Bank, vol. 30(2), pages 220-246.
- Miller, Margaret & Reichelstein, Julia & Salas, Christian & Zia, Bilal, 2014. "Can you help someone become financially capable ? a meta-analysis of the literature," Policy Research Working Paper Series 6745, The World Bank.
- Meta Brown & Andrew F. Haughwout & Donghoon Lee & Wilbert Van der Klaauw, 2011. "Do we know what we owe? A comparison of borrower- and lender-reported consumer debt," Staff Reports 523, Federal Reserve Bank of New York.
- Coibion, Olivier & Gorodnichenko, Yuriy & Kudlyak, Marianna & Mondragon, John, 2014.
"Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data,"
IZA Discussion Papers
7910, Institute of Labor Economics (IZA).
- Yuriy Gorodnichenko & Marianna Kudlyak & John Mondragon & Olivier Coibion, 2014. "Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data," 2014 Meeting Papers 402, Society for Economic Dynamics.
- Olivier Coibion & Yuriy Gorodnichenko & Marianna Kudlyak & John Mondragon, 2014. "Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data," NBER Working Papers 19850, National Bureau of Economic Research, Inc.
- Olivier Coibion & Yuriy Gorodnichenko & Marianna Kudlyak & John Mondragon, 2014. "Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data," Working Paper 14-1, Federal Reserve Bank of Richmond.
- Olivier Coibion & Yuriy Gorodnichenko & Marianna Kudlyak & John Mondragon, 2016. "Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data," Working Paper Series 2016-20, Federal Reserve Bank of San Francisco.
- Patrick Bayer & Fernando Ferreira & Stephen L. Ross, 2018.
"What Drives Racial and Ethnic Differences in High-Cost Mortgages? The Role of High-Risk Lenders,"
The Review of Financial Studies, Society for Financial Studies, vol. 31(1), pages 175-205.
- Patrick Bayer & Fernando Ferreira & Stephen L. Ross, 2016. "What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders," Working Papers 2016-005, Human Capital and Economic Opportunity Working Group.
- Patrick Bayer & Fernando Ferreira & Stephen L. Ross, 2016. "What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders," NBER Working Papers 22004, National Bureau of Economic Research, Inc.
- Patrick Bayer & Fernando V. Ferreira & Stephen L. Ross, 2016. "What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders," Working papers 2016-02, University of Connecticut, Department of Economics.
- Keys, Benjamin J. & Pope, Devin G. & Pope, Jaren C., 2016.
"Failure to refinance,"
Journal of Financial Economics, Elsevier, vol. 122(3), pages 482-499.
- Benjamin J. Keys & Devin G. Pope & Jaren C. Pope, 2014. "Failure to Refinance," NBER Working Papers 20401, National Bureau of Economic Research, Inc.
- Lynn, Peter & Fumagalli, Laura & Muñoz-Bugarin, Jair, 2021. "The effect of formal debt advice on financial management and knowledge: insights from a new longitudinal study in Britain," ISER Working Paper Series 2021-09, Institute for Social and Economic Research.
- Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021.
"Household Finance,"
Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
- Haliassos, Michael & Gomes, Francisco, 2020. "Household Finance," CEPR Discussion Papers 14502, C.E.P.R. Discussion Papers.
- Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Nofsinger, John R., 2012. "Household behavior and boom/bust cycles," Journal of Financial Stability, Elsevier, vol. 8(3), pages 161-173.
- Djordjevic, Ljubica, 2015. "Essays in household finance," Other publications TiSEM ad3edc86-915e-4ce8-ba38-b, Tilburg University, School of Economics and Management.
- Gene Amromin & Jennifer Huang & Clemens Sialm & Edward Zhong, 2018.
"Complex Mortgages [Why don’t lenders renegotiate more home mortgages? Redefaults, self-cures, and securitization],"
Review of Finance, European Finance Association, vol. 22(6), pages 1975-2007.
- Gene Amromin & Jennifer Huang & Clemens Sialm & Edward Zhong, 2010. "Complex mortgages," Working Paper Series WP-2010-17, Federal Reserve Bank of Chicago.
- Gene Amromin & Jennifer Huang & Clemens Sialm & Edward Zhong, 2011. "Complex Mortgages," NBER Working Papers 17315, National Bureau of Economic Research, Inc.
- Christopher Mayer & Karen Pence & Shane M. Sherlund, 2009.
"The Rise in Mortgage Defaults,"
Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 27-50, Winter.
- Christopher J. Mayer & Karen M. Pence & Shane M. Sherlund, 2008. "The rise in mortgage defaults," Finance and Economics Discussion Series 2008-59, Board of Governors of the Federal Reserve System (U.S.).
- Olivier Armantier & Wändi Bruine de Bruin & Giorgio Topa & Wilbert van der Klaauw & Basit Zafar, 2015.
"Inflation Expectations And Behavior: Do Survey Respondents Act On Their Beliefs?,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(2), pages 505-536, May.
- Olivier Armantier & Wändi Bruine de Bruin & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2011. "Inflation expectations and behavior: Do survey respondents act on their beliefs?," Staff Reports 509, Federal Reserve Bank of New York.
- Wilbert van der Klaauw & Wandi Bruine de Bruin & Giorgio Topa & Basit Zafar & Olivier Armantier, 2012. "Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs?," 2012 Meeting Papers 121, Society for Economic Dynamics.
- Olivier Armantier & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2011. "Inflation Expectations and Behavior: Do Survey Respondents Act on Their Beliefs?," Liberty Street Economics 20110727, Federal Reserve Bank of New York.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jconsa:v:47:y:2013:i:2:p:289-310. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-0078 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.