Homeownership built to last : balancing access, affordability, and risk after the housing crisis / Eric S. Belsky, Christopher E. Herbert, and Jennifer H. Molinsky, editors.

Format:

Book

Contributor:

Belsky, Eric S., editor.

Herbert, Christopher E., editor.

Molinsky, Jennifer H., editor.

Language:

English

Subjects (All):

Home ownership--United States.

Home ownership.

Mortgage loans--United States.

Mortgage loans.

Housing--United States--Finance.

Housing.

Physical Description:

1 online resource (497 pages) : illustrations, graphs

Edition:

1st ed.

Place of Publication:

Washington, District of Columbia : Brookings Institution Press, 2014.

Language Note:

English

Summary:

A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication The ups and downs in housing markets over the past two decades are without precedent, and the costs--financial, psychological, and social--have been enormous. Yet Americans overwhelmingly still aspire to homeownership, and many still view access to homeownership as an important ingredient for building wealth among historically disadvantaged groups. This timely volume reexamines the goals, risks, and rewards of homeownership in the wake of the housing bubble and subprime lending crisis. Housing, real estate, and finance experts explore the role of government in supporting homeownership, deliberate how homeownership can be made more sustainable, and discuss how best to balance affordability, access, and risk, particularly for minorities and low income families. Contributors: Eric S. Belsky (JCHS); Raphael W. Bostic (University of Southern California); Mark Calabria (Cato Institute); Kaloma Cardwell (University of California, Berkeley); Mark Cole (Hope LoanPort); J. Michael Collins (University of Wisconsin- Madison); Marsha J. Courchane (Charles River Associates); Andrew Davidson (Andrew Davidson and Co.); Christopher E. Herbert (JCHS); Leonard C. Kiefer (Freddie Mac); Alex Levin (Andrew Davidson and Co.); Adam J. Levitin (Georgetown University Law Center); Mark R. Lindblad (University of North Carolina at Chapel Hill); Jeffrey Lubell (Abt Associates); Patricia A. McCoy (University of Connecticut School of Law); Daniel T. McCue (JCHS); Jennifer H. Molinsky (JCHS); Stephanie Moulton (Ohio State University); john a. powell (University of California-Berkeley); Roberto G. Quercia (University of North Carolina at Chapel Hill); Janneke H. Ratcliffe (University of North Carolina); Carolina Reid (University of California-Berkeley); William M. Rohe

(University of North Carolina at Chapel Hill); Rocio Sanchez-Moyano (JCHS); Susan Wachter (University of Pennsylvania); Peter M. Zorn (Freddie Mac).

Contents:

Introduction: balancing access, affordability, and risk after the housing crisis / Jennifer H. Molinsky, Eric S. Belsky, and Christopher E. Herbert

Making the case for homeownership as a policy goal : has the experience of the housing bust changed the calculus?

Homeownership, wealth, and the production of racialized space / John A. Powell and Kaloma Cardwell

Is homeownership still an effective means of building wealth for low-income and minority households? / Christopher E. Herbert, Daniel T. McCue, and Rocio Sanchez-Moyano

Reexamining the social benefits of homeownership after the foreclosure crisis / William M. Rohe and Mark Lindblad

Supporting the home-buying process : understanding consumer preferences and designing homebuyer programs

To buy or not to buy? : understanding tenure preferences and the decisionmaking processes of lower-income households / Carolina Reid

Developing effective subsidy mechanisms for low-income homeownership / J. Michael Collins

Filling the void between homeownership and rental housing : a case for expanding the use of shared equity homeownership / Jeffrey Lubell

Balancing affordability, access, and risk

Underwriting standards, loan products, and performance : what have we learned? / Marsha J. Courchane, Leonard C. Kiefer, and Peter M. Zorn

Access and sustainability for first-time homebuyers : the evolving role of state housing finance agencies / Stephanie Moulton and Roberto G. Quercia

Mortgage default option mispricing and borrower cost procyclicality / Andrew Davidson, Alex Levin, and Susan Wachter

The government's role in the evolving mortgage market

Rethinking duty to serve in housing finance / Adam J. Levitin and Janneke H. Ratcliffe

Dual mortgage markets : what role has the government played and how likely will one emerge in the future? / Raphael W. Bostic

The role of mortgage finance in financial (in)stability / Mark Calabria

Sustaining homeownership

Engaging distressed homeowners / Mark Cole

The home mortgage foreclosure crisis : lessons learned / Patricia A. McCoy

Contributors

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

9780815725657

0815725655

OCLC:

881029809