The American mortgage system : crisis and reform / edited by Susan M. Wachter and Marvin M. Smith.

Format:

Book

Contributor:

Wachter, Susan M.

Smith, Marvin M.

Series:

City in the twenty-first century book series

The city in the twenty-first century

Language:

English

Subjects (All):

Mortgage loans--United States.

Mortgage loans.

United States.

Subprime mortgage loans--United States.

Subprime mortgage loans.

Secondary mortgage market--United States.

Secondary mortgage market.

Financial crises--United States.

Financial crises.

Physical Description:

vi, 392 pages : illustrations ; 24 cm.

Place of Publication:

Philadelphia : University of Pennsylvania Press, [2011]

Contents:

Part I Crisis: Origins and Solutions

1 The Secondary Market for Housing Finance in the United States: A Brief Overview / Ingrid Gould Ellen Ellen, Ingrid Gould, John Napier Tye Tye, John Napier, Mark A. Willis Willis, Mark A. 7

2 Reasonable People Did Disagree: Optimism and Pessimism About the U.S. Housing Market Before the Crash / Kristopher S. Gerardi Gerardi, Kristopher S., Christopher L. Foote Foote, Christopher L., Paul S. Willen Willen, Paul S. 26

3 Exploring the Determinants of High-Cost Mortgages to Homeowners in Low- and Moderate-Income Neighborhoods / Mich'el S. B'rr B'rr, Mich'el S., Jane K. Dokko Dokko, Jane K., Benjamin J. Keys Keys, Benjamin J. 60

4 Implications of the Housing Market Bubble for Sustainable Homeownership / Paul S. Calem Calem, Paul S., Leonard Nakamura Nakamura, Leonard, Susan M. Wachter Wachter, Susan M. 87

5 A Framework for Consumer Protection in Home Mortgage Lending / Kathleen Engel Engel, Kathleen, Thomas J. Fitzpatrick, IV Fitzpatrick, Thomas J. IV 112

Part II Community Impact

6 A Profile of the Mortgage Crisis in a Low- and Moderate-Income Community / Lynn Fisher Fisher, Lynn, Lauren Lambie-Hanson Lambie-Hanson, Lauren, Paul S. Willen Willen, Paul S. 137

7 Constructive Credit: Revisiting the Performance of Community Reinvestment Act Lending During the Subprime Crisis / Carolina Reid Reid, Carolina, Elizabeth Laderman Laderman, Elizabeth 159

8 Navigating the Housing Downturn and Financial Crisis: Home Appreciation and Equity Accumulation Among Community Reinvestment Homeowners / Sarah F. Riley Riley, Sarah F., Roberto G. Quercia Quercia, Roberto G. 187

9 The Community Reinvestment Act: Evaluating Past Performance and Reviewing Options for Reform / Mark A. Willis Willis, Mark A. 209

Part III Reforming the Financial Architecture

10 Information Failure and the U.S. Mortgage Crisis / Adam J. Levitin Levitin, Adam J., Susan M. Wachter Wachter, Susan M. 243

11 The Expanding Financial Safety Net: The Dodd-Frank Act as an Exercise in Denial and Cover-Up / Edward J. Kane Kane, Edward J. 271

12 A Private Lender Cooperative Model for Residential Mortgage Finance / Toni Dechario Dechario, Toni, Patricia C. Mosser Mosser, Patricia C., Joseph Tracy Tracy, Joseph, James Vickery Vickery, James, Joshua Wright Wright, Joshua 286

13 Improving U.S. Housing Fin'nce Through Reform of F'nnie M'e 'nd Freddie M'c: A Fr'mework for Ev'lu'ting Altern'tives / Ingrid Gould Ellen Ellen, Ingrid Gould, Mark A. Willis Willis, Mark A. 305

14 Some Thoughts on Wh't to Do with F'nnie M'e 'nd Freddie M'c / Robert Van Order Order, Robert Van 339

15 The Road Not Taken: Our Failure in Redoing the Financial Architecture / Vincent Reinhart Reinhart, Vincent 358.

Notes:

Includes bibliographical references and index.

ISBN:

9780812243512

081224351X

OCLC:

696092177