Measuring the Effect of Subprime Lending on Neighborhood Foreclosures

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How researchers see this paper

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Neighborhood Effects of Concentrated Mortgage Foreclosures (2008, background): “Immergluck and Smith (2005b) use a cross-sectional methodology to examine the effects of single-family foreclosures on crime rates in Chicago, and conclude that foreclosures increase violent crime but not property crime.”
The Impact of Single-family Mortgage Foreclosures on Neighborhood Crime (2006, background): “Immergluck & Smith (2005) found that subprime lending has a very substantial effect on foreclosures.”
The external costs of foreclosure: The impact of single‐family mortgage foreclosures on property values (2006, background): “A variety of recent research demonstrates that foreclosures have been increasingly driven by subprime lending (Goldstein et al. 2005; Immergluck and Smith 2005; Quercia, Stegman, and Davis 2005).”
Financializing space, spacing financialization (2011, background): “…crisis have proceeded, so it appears that at least part of the cause is yet another episode in a long history of egregious mis-selling (see Doran, 2007; Connon, 2007) and predatory lending (Farris, 2004; Immergluck and Smith, 2005; Wyly, et al, 2007) within the retail financial services industry.”
Cities Destroyed (Again) For Cash: Forum on the U.S. Foreclosure Crisis (2008, background): “Studies have determined that subprime lending can lead to foreclosures (Immergluck and Smith, 2005; Carr, 2007).”