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Working Papers

How Do Foreclosures Exacerbate Housing Downturns?

Adam Guren, Tim McQuade • October 26, 2013

W13-8: The recent housing bust precipitated a wave of mortgage defaults, with over seven percent of the owner-occupied housing stock experiencing a foreclosure.…
Working Papers

The Role of Investors in Acquiring Foreclosed Properties in Boston

Chris Herbert, Lauren Lambie-Hanson, Irene Lew, Rocio Sanchez-Moyano • October 23, 2013

W13-6: As the housing bust accelerated in 2008, concerns mounted about the impact of rising foreclosure levels on low-income and minority communities where nonprime…
Research Notes

Subprime Lending and the Community Reinvestment Act

Kevin Park • November 1, 2008

There are many causes to the collapse of the housing market and the recent financial turmoil, but the contribution of the CRA appears marginal. While banks did engage in…