Neighborhood patterns of subprime lending: Evidence from disparate cities

By P. Calem, Jonathan E. Hershaff, Susan M. Wachter. 2004

117 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a61763e83b841cf04a3e76081b11141c46e6a2c0

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Citations in the corpus

Discrimination in the Credit and Housing Markets: Findings and Challenges (2006, background): “Calem, Hershaff, and Wachter (2004) expand greatly on Calem, Gillen and Wachter (2004): seven cities’ data are covered; and the distribution of subprime loans is analyzed in the context of controls for neighborhood price risk, individuals’ credit risk, and the average educational attainment of…”
Did Securitization Lead to Lax Screening ? Evidence From Subprime Loans 2001-2006 ∗ (2008, unknown): “Banks Independents Number of Loans Pr(Delinquency)=1 Number of Loans Pr(Delinquency)=1 (1) (2) (3) (4) FICO≥620 159.”
Low-income Homeownership: American Dream or Delusion? (2006, background): “Subprime loans have been disproportionately concentrated in minority communities (Immergluck and Smith, 2004; Calem et al., 2004).”
American home: predatory mortgage capital and neighbourhood spaces of race and class exploitation in the united states (2006, background): “…and ethnic dimensions, with the highest market shares among racially marginalized individuals as well as predominantly minority neighbourhoods (Bradford, 2002; Calem et al., 2004; HUD-Treasury Joint Task Force, 2000; Immergluck, 2004; Squires, 2004; Taylor et al., 2004; Williams et al., 2005).”
Cities Destroyed (Again) For Cash: Forum on the U.S. Foreclosure Crisis (2008, background): “It is present all over the country, but in most major cities clear patterns of lending have emerged that indicate low-income and minority neighborhoods have been targeted for subprime loans (Calem et al., 2004; Newman and Wyly, 2004).”
Racial Dynamics of Subprime Mortgage Lending at the Peak (2013, methodology): “Calem et al. (2010) supplemented 1997 and 2000 HMDA data with census tract–level credit data and other economic variables in a study of heterogeneity of the relationship between neighborhood race and refinance mortgage outcome across races.”