Adam Jeremiah Levitin and Susan M. Wachter. Cambridge, Mass., Harvard University Press, 2020.
"The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to "private-label securitization" by Wall Street banks. " Rutgers-restricted Access
Corianne Payton Scally, et. al. Urban Institute, February 13, 2019.
"Between 2008–18, the National Foreclosure Mitigation Counseling (NFMC) program helped homeowners in need by substantially boosting the nation’s capacity for foreclosure counseling."
Jacob S. Rugh and Douglas S. Massey. American Sociological Review 75(5), October 2010, pp. 629-651.
"We argue that residential segregation created a unique niche of minority clients who were differentially marketed risky subprime loans that were in great demand for use in mortgage-backed securities that could be sold on secondary markets. Rutgers-restricted Access
William Apgar, Amal Bendimerad, and Ren S. Essene. Harvard University, Joint Center for Housing Studies, April 25, 2007.
Using the 2004 Home Mortgage Disclosure Act (HMDA) data, this paper "seeks to better understand the rapid growth of subprime lending, the organization of U.S. capital markets, and the many distinct mortgage channels that link mortgage investors with mortgage borrowers."
Lei Ding, Roberto G. Quercia, Carolina K. Reid, and Alan M. White. Journal of Policy Analysis and Management 31(2), 2012, pp.367-387. Rutgers-restricted Access
Linda Fisher. Seton Hall Public Law Research Paper no. 2284481. June 24, 2013. "This empirical project tests the extent to which bank stalling has contributed to foreclosure delays and property vacancies in Newark, New Jersey."
Kathe Newman, International Journal of Urban and Regional Research 33(2), 2009, pp. 314-331.
"I suggest...that mortgage capital is the post-industrial widget, the emblematic product of the post-industrial economy. Capital accumulated by owners is extracted from urban communities and flows through brokers and lenders to investors and the subprime lending industry, linking global (and local) capital to place... I illustrate the impacts of national financial policy on urban places by examining mortgage foreclosures in Essex County, New Jersey and by talking with residents of one urban community in Newark, New Jersey." Rutgers-restricted Access
"The New Economy and the City: Foreclosures in Essex County, New Jersey."
Newman, Kathe and Wyly, Elvin K. Housing Studies 19(1), January 2004, 53-83.
Focusing on Newark and its surrounding suburbs, analyses the market penetration of subprime lending institutions, assesses the role of borrower characteristics, and analyses the patterns of mortgage 'pre-foreclosures.' Rutgers-restricted access