Who Is Foreclosing on Whom? Home Mortgage Lending and Foreclosures In Sioux Falls, South Dakota, 2004-2010
In this paper we combine Home Mortgage Disclosure Act (HMDA) data, information from the U.S. Census Bureau, and data from original mortgage loan documents obtained from Minnehaha County civil case files to investigate three empirical questions. First, which originating lenders in the 2004-2007 period had the largest number of mortgage loan foreclosure starts in the Minnehaha County portion of Sioux Falls in May 2007-May 2010? Second, controlling for the number of originations, which lenders had the highest foreclosure rates? Third and finally, are there discernable geographic patterns? In particular, are low-income and minority census tracts experiencing more foreclosures per 100 owner-occupied-housing-units-with-mortgages than upper-income majority neighborhoods? The unique foreclosure data set used, methods employed, and answers revealed have the potential to help us better understand the housing finance crisis not only in Sioux Falls, but also across the United States.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:46:y:2012:i:2:p:323-332. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ian Winship)or (Chris Nguyen)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.