- Minneapolis, Minnesota, United States
Research Interests:
... David Hammack, Ken Ledford, Angela Woollacott, Jesse Ballenger, Bernie Jim, Tassyln Frame, Martha Woodmansee, Joseph Heathcott, Tom Sabati-ni, Kimberley Phillips, Talmadge Wright, Staughton Lynd, Sherry Linkon, Terry Easton, Julian... more
... David Hammack, Ken Ledford, Angela Woollacott, Jesse Ballenger, Bernie Jim, Tassyln Frame, Martha Woodmansee, Joseph Heathcott, Tom Sabati-ni, Kimberley Phillips, Talmadge Wright, Staughton Lynd, Sherry Linkon, Terry Easton, Julian Chambliss, Mark Santow, and ...
Research Interests:
Much of the existing research on disparities in residential foreclosures provides strong, but not conclusive, evidence that minority households disproportionately experience foreclosures. Data commonly used in foreclosure research do not... more
Much of the existing research on disparities in residential foreclosures provides strong, but not conclusive, evidence that minority households disproportionately experience foreclosures. Data commonly used in foreclosure research do not allow researchers to use household characteristics of foreclosed properties to test for disparities in experiencing foreclosure. This is a significant omission in the literature since understanding the types of households that most typically experience foreclosure might result in the creation of better targeted and more effective foreclosure prevention and mitigation programs. Using a unique data set this paper explores the characteristics of households that experienced a foreclosure in Minneapolis, Minnesota during fiscal years 2006 and 2007. Research results confirm that African American households disproportionately experience foreclosures, but also indicate that renter households, households with children and foreign-born homeowners are all over-represented among foreclosed households. These results have implications for how policy makers and practitioners address foreclosure prevention and mitigation efforts.
Research Interests:
Research Interests:
Research Interests:
In the recent housing collapse Latino homeowners experienced the highest foreclosure rate and the largest losses in home equity and household wealth. We ask a straightforward question: Does nativity or immigrant status help explain the... more
In the recent housing collapse Latino homeowners experienced the highest foreclosure rate and the largest losses in home equity and household wealth. We ask a straightforward question: Does nativity or immigrant status help explain the elevated foreclosure rate among Latinos? We examine mechanisms that potentially explain disparities faced by Latinos in the Orlando, Florida region. We consider the role of nativity along with two other rival explanations, place stratification and cultural affinity. We introduce new variables and develop new approaches to assess the role of lender assignment of Latino officers, the combination of Latino borrower-officer dyads, and the recent immigrant status of Latino borrowers. We uncover important differences in the institutional representation of Latino officers in the prime vs. subprime division of each of bank. We also find that Latino borrowers with Latino officers are more likely than non-Latino borrowers with non-Latino officers to turn to (or be steered into) the subprime lending division, more likely to receive a high cost loan, and more likely to experience mortgage foreclosure. We detect a potentially potent effect of nativity among more recent immigrants using a proxy variable based on the type of identification used by borrowers to verify their identity at the time of closing the mortgage. Our study advances our understanding of how nativity may structure Latino disparities and raises questions worthy of future research.