Mortgage Lending

6342983 mortgage lending 1 apa 50 date 1 1 title 868 https://www.thehousinghub.ca/wp-content/plugins/zotpress/
%7B%22status%22%3A%22success%22%2C%22updateneeded%22%3Afalse%2C%22instance%22%3Afalse%2C%22meta%22%3A%7B%22request_last%22%3A0%2C%22request_next%22%3A0%2C%22used_cache%22%3Atrue%7D%2C%22data%22%3A%5B%7B%22key%22%3A%22WYTF3X7Y%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22McCabe%22%2C%22parsedDate%22%3A%222019%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BMcCabe%2C%20B.%20J.%20%282019%29.%20Building%20a%20Nation%20of%20Homeowners%20Federal%20Housing%20Policy%20Ch.3.%20In%20%26lt%3Bi%26gt%3BNo%20Place%20Like%20Home%3A%20Wealth%2C%20Community%20and%20the%20Politics%20of%20Homeownership%26lt%3B%5C%2Fi%26gt%3B.%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22bookSection%22%2C%22title%22%3A%22Building%20a%20Nation%20of%20Homeowners%20Federal%20Housing%20Policy%20Ch.3%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Brian%20J%22%2C%22lastName%22%3A%22McCabe%22%7D%5D%2C%22abstractNote%22%3A%22While%20most%20Americans%20aspired%20to%20own%20their%20own%20homes%20throughout%20the%20twentieth%20century%2C%20achieving%20high%20rates%20of%20homeownership%20was%20neither%20natural%20nor%20inevitable.%20This%20chapter%20traces%20the%20origins%20of%20federal%20homeownership%20policies%20to%20outline%20the%20ways%20that%20the%20federal%20government%20contributed%20to%20the%20remarkable%20growth%20in%20the%20number%20of%20American%20homeowners.%20Federal%20policies%20lowered%20the%20cost%20of%20buying%20a%20home%20and%20expanded%20the%20availability%20of%20capital%20for%20mortgage%20lending.%20They%20created%20opportunities%20for%20millions%20of%20Americans%20to%20buy%20a%20home%20in%20the%20growing%20postwar%20suburbs.%20But%20while%20homeownership%20was%20billed%20as%20an%20institution%20for%20social%20inclusion%2C%20this%20chapter%20shows%20that%20these%20policies%20also%20reinforced%20the%20boundaries%20of%20segregation%20and%20social%20exclusion.%22%2C%22bookTitle%22%3A%22No%20Place%20Like%20Home%3A%20Wealth%2C%20Community%20and%20the%20Politics%20of%20Homeownership%22%2C%22date%22%3A%222019%22%2C%22language%22%3A%22en%22%2C%22ISBN%22%3A%22%22%2C%22url%22%3A%22%22%2C%22collections%22%3A%5B%22WK63SEK5%22%5D%2C%22dateModified%22%3A%222020-10-02T21%3A22%3A22Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22US%22%7D%2C%7B%22tag%22%3A%22federal%20government%22%7D%2C%7B%22tag%22%3A%22homeownership%22%7D%2C%7B%22tag%22%3A%22homeownership%20policies%22%7D%2C%7B%22tag%22%3A%22mortgage%20lending%22%7D%2C%7B%22tag%22%3A%22segregation%22%7D%2C%7B%22tag%22%3A%22social%20inclusion%22%7D%2C%7B%22tag%22%3A%22state%20tenure%20bias%22%7D%2C%7B%22tag%22%3A%22suburbs%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22CDQ4QS5V%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Aalbers%22%2C%22parsedDate%22%3A%222016-05-05%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BAalbers%2C%20M.%20B.%20%282016%29.%20%26lt%3Bi%26gt%3B%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fwww.taylorfrancis.com%5C%2Fbooks%5C%2F9781317361794%26%23039%3B%26gt%3BThe%20Financialization%20of%20Housing%3A%20A%20political%20economy%20approach%26lt%3B%5C%2Fa%26gt%3B%26lt%3B%5C%2Fi%26gt%3B%20%281st%20ed.%29.%20Routledge.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.4324%5C%2F9781315668666%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22book%22%2C%22title%22%3A%22The%20Financialization%20of%20Housing%3A%20A%20political%20economy%20approach%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Manuel%20B.%22%2C%22lastName%22%3A%22Aalbers%22%7D%5D%2C%22abstractNote%22%3A%22Due%20to%20the%20financialization%20of%20housing%20in%20today%5Cu2019s%20market%2C%20housing%20risks%20are%20increasingly%20becoming%20financial%20risks.%20Financialization%20refers%20to%20the%20increasing%20dominance%20of%20financial%20actors%2C%20markets%2C%20practices%2C%20measurements%20and%20narratives.%20It%20also%20refers%20to%20the%20resulting%20structural%20transformation%20of%20economies%2C%20firms%2C%20states%20and%20households.%20This%20book%20asserts%20the%20centrality%20of%20housing%20to%20the%20contemporary%20capitalist%20political%20economy%20and%20places%20housing%20at%20the%20centre%20of%20the%20financialization%20debate.%5Cn%5CnA%20global%20wall%20of%20money%20is%20looking%20for%20High-Quality%20Collateral%20%28HQC%29%20investments%2C%20and%20housing%20is%20one%20of%20the%20few%20asset%20classes%20considered%20HQC.%20This%20explains%20why%20housing%20is%20increasingly%20becoming%20financialized%2C%20but%20it%20does%20not%20explain%20its%20timing%2C%20politics%20and%20geography.%20Presenting%20a%20diverse%20range%20of%20case%20studies%20from%20the%20US%2C%20the%20UK%2C%20the%20Netherlands%2C%20Germany%2C%20Italy%20and%20Spain%2C%20the%20chapters%20in%20this%20book%20include%20coverage%20of%20the%20role%20of%20the%20state%20as%20the%20driver%20of%20financialization%20processes%2C%20and%20the%20part%20played%20by%20local%20and%20national%20histories%20and%20institutions.%20This%20cutting%20edge%20volume%20will%20pave%20the%20way%20for%20future%20research%20in%20the%20area.%5Cn%5CnWhere%20housing%20used%20to%20be%20something%20%26quot%3Blocal%26quot%3B%20or%20%26quot%3Bnational%26quot%3B%2C%20the%20two-way%20coupling%20of%20housing%20to%20finance%20has%20been%20one%20crucial%20element%20in%20the%20recent%20crisis.%20It%20is%20time%20to%20reconsider%20the%20financialization%20of%20both%20homeownership%20and%20social%20housing.%20This%20book%20will%20be%20of%20interest%20to%20those%20who%20study%20international%20economics%2C%20economic%20geography%20and%20financialization.%22%2C%22date%22%3A%222016-5-5%22%2C%22language%22%3A%22en%22%2C%22ISBN%22%3A%22978-1-315-66866-6%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Fwww.taylorfrancis.com%5C%2Fbooks%5C%2F9781317361794%22%2C%22collections%22%3A%5B%22ZP8AGDAW%22%5D%2C%22dateModified%22%3A%222020-10-19T18%3A02%3A40Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Global%20Financial%20Crisis%22%7D%2C%7B%22tag%22%3A%22MBS%22%7D%2C%7B%22tag%22%3A%22REIT%22%7D%2C%7B%22tag%22%3A%22Real%20Estate%20Investment%20Trust%22%7D%2C%7B%22tag%22%3A%22ebook%22%7D%2C%7B%22tag%22%3A%22financialization%22%7D%2C%7B%22tag%22%3A%22international%22%7D%2C%7B%22tag%22%3A%22mortgage%20debt%22%7D%2C%7B%22tag%22%3A%22mortgage%20lending%22%7D%2C%7B%22tag%22%3A%22private%20equity%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22PB86AT39%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Massey%20et%20al.%22%2C%22parsedDate%22%3A%222016%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BMassey%2C%20D.%20S.%2C%20Rugh%2C%20J.%20S.%2C%20Steil%2C%20J.%20P.%2C%20%26amp%3B%20Albright%2C%20L.%20%282016%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttp%3A%5C%2F%5C%2Fdoi.wiley.com%5C%2F10.1111%5C%2Fcico.12179%26%23039%3B%26gt%3BRiding%20the%20Stagecoach%20to%20Hell%3A%20A%20Qualitative%20Analysis%20of%20Racial%20Discrimination%20in%20Mortgage%20Lending%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BCity%20%26amp%3B%20Community%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B15%26lt%3B%5C%2Fi%26gt%3B%282%29%2C%20118%5Cu2013136.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1111%5C%2Fcico.12179%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22Riding%20the%20Stagecoach%20to%20Hell%3A%20A%20Qualitative%20Analysis%20of%20Racial%20Discrimination%20in%20Mortgage%20Lending%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Douglas%20S.%22%2C%22lastName%22%3A%22Massey%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Jacob%20S.%22%2C%22lastName%22%3A%22Rugh%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Justin%20P.%22%2C%22lastName%22%3A%22Steil%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Len%22%2C%22lastName%22%3A%22Albright%22%7D%5D%2C%22abstractNote%22%3A%22Recent%20studies%20have%20used%20statistical%20methods%20to%20show%20that%20minorities%20weremore%20likely%20than%20equally%20qualified%20whites%20to%20receive%20high-cost%2C%20high-risk%20loans%20during%20the%20U.S.%20housing%20boom%2C%20evidence%20taken%20to%20suggest%20widespread%20discrimination%20in%20the%20mortgage%20lending%20industry.%20The%20evidence%2C%20however%2C%20was%20indirect%2C%20being%20inferred%20from%20racial%20differentials%20that%20persisted%20after%20controlling%20for%20other%20factors%20known%20to%20affect%20the%20terms%20of%20lending.%20Here%20we%20assemble%20a%20qualitative%20database%20to%20generate%20direct%20evidence%20of%20discrimination.%20Using%20a%20sample%20of%20220%20statements%20randomly%20selected%20from%20documents%20assembled%20in%20the%20course%20of%20recent%20fair%20lending%20lawsuits%2C%20we%20code%20texts%5Cnfor%20evidence%20of%20individual%20discrimination%2C%20structural%20discrimination%2C%20and%20potential%20discrimination%20in%20mortgage%20lending%20practices.%20We%20find%20that%2076%20percent%20of%20the%20texts%20indicated%20the%20existence%20of%20structural%20discrimination%2C%20with%20only%2011%20percent%20suggesting%20individual%20discrimination%20alone.%20We%20then%20present%20a%20sample%20of%20texts%20that%20were%20coded%20as%20discriminatory%20to%20reveal%20the%20way%20in%20which%20racial%20discrimination%20was%20embedded%20within%20the%20social%20structure%20of%20U.S.%20mortgage%20lending%2C%20and%20to%20reveal%20the%20specific%20microsocial%20mechanisms%20by%20which%20this%20discrimination%20was%20effected.%22%2C%22date%22%3A%2206%5C%2F2016%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1111%5C%2Fcico.12179%22%2C%22ISSN%22%3A%2215356841%22%2C%22url%22%3A%22http%3A%5C%2F%5C%2Fdoi.wiley.com%5C%2F10.1111%5C%2Fcico.12179%22%2C%22collections%22%3A%5B%22FVEF6RZ8%22%5D%2C%22dateModified%22%3A%222020-12-07T23%3A38%3A00Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Black%20populations%22%7D%2C%7B%22tag%22%3A%22US%22%7D%2C%7B%22tag%22%3A%22equity%20seeking%20groups%22%7D%2C%7B%22tag%22%3A%22mortgage%20lending%22%7D%2C%7B%22tag%22%3A%22racial%20discrimination%22%7D%2C%7B%22tag%22%3A%22redlining%22%7D%2C%7B%22tag%22%3A%22subprime%20lending%22%7D%5D%7D%7D%2C%7B%22key%22%3A%2238HVTD4C%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Aalbers%22%2C%22parsedDate%22%3A%222015-01-02%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BAalbers%2C%20M.%20B.%20%282015%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F14616718.2014.997431%26%23039%3B%26gt%3BThe%20Great%20Moderation%2C%20the%20Great%20Excess%20and%20the%20global%20housing%20crisis%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BInternational%20Journal%20of%20Housing%20Policy%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B15%26lt%3B%5C%2Fi%26gt%3B%281%29%2C%2043%5Cu201360.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1080%5C%2F14616718.2014.997431%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22The%20Great%20Moderation%2C%20the%20Great%20Excess%20and%20the%20global%20housing%20crisis%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Manuel%20B.%22%2C%22lastName%22%3A%22Aalbers%22%7D%5D%2C%22abstractNote%22%3A%22This%20paper%20explores%20the%20relationships%20between%20local%20or%20national%20housing%20markets%5Cnand%20recent%20historic%20transformations%20in%20global%20capitalism.%20It%20proposes%20a%20periodisation%5Cnof%20developments%20in%20housing%20markets%2C%20policies%20and%20practices%20distinguishing%5Cnbetween%2C%20first%2C%20the%20pre-modern%20period%3B%20second%2C%20the%20modern%20or%20Fordist%20period%3B%20third%2C%5Cnthe%20flexible%20neoliberal%20or%20post-Fordist%20period%3B%20and%20fourth%2C%20the%20late%20neoliberal%20or%5Cnemerging%20post-crisis%20period.%20This%20periodisation%20is%20a%20heuristic%20device%20that%20helps%20to%5Cnmake%20sense%20of%20the%20interdependence%20of%20national%20housing%20markets%20and%20the%20global%5Cnfinancial%20crisis.%20The%20argument%20is%20not%20that%20the%20crisis%20caused%20the%20breakdown%20of%20the%5Cnpost-Fordist%20housing%20model%2C%20but%20rather%20that%20the%20shift%20to%20this%20model%20introduced%5Cncertain%20dynamics%20to%20housing%20markets%20that%20a%20few%20decades%20later%20culminated%20into%20a%20crisis.%20The%20start%20of%20the%20Great%20Moderation%20was%20also%20the%20start%20of%20the%20financialisation%20of%20states%20and%20economies%20in%20various%20domains%2C%20particularly%20housing.%20In%20making%20this%20argument%2C%20I%20unpack%20the%20concept%20of%20the%20Great%20Moderation%3A%20what%20appeared%20to%20be%20a%20structural%20moderation%20of%20macroeconomic%20cycles%20was%20in%20fact%20the%20build-up%20of%20a%20bubble%20economy.%20The%201970s%20and%20early%201980s%20as%20well%20as%20the%20post-2007%20crisis%20are%20critical%20junctures%20in%20the%20development%20of%20housing.%20The%20Great%20Moderation%20was%20also%20a%20Great%20Excess%20in%20terms%20of%20rising%20inequality%20and%20excessive%20credit%20and%20debt%2C%20suggestive%20of%20a%20finance-led%20regime%20of%20accumulation.%22%2C%22date%22%3A%222015-01-02%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1080%5C%2F14616718.2014.997431%22%2C%22ISSN%22%3A%221949-1247%2C%201949-1255%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F14616718.2014.997431%22%2C%22collections%22%3A%5B%22ZP8AGDAW%22%5D%2C%22dateModified%22%3A%222020-10-04T14%3A50%3A47Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Global%20Financial%20Crisis%22%7D%2C%7B%22tag%22%3A%22Great%20Moderation%22%7D%2C%7B%22tag%22%3A%22financialisation%22%7D%2C%7B%22tag%22%3A%22financialization%22%7D%2C%7B%22tag%22%3A%22international%22%7D%2C%7B%22tag%22%3A%22mortgage%22%7D%2C%7B%22tag%22%3A%22mortgage%20debt%22%7D%2C%7B%22tag%22%3A%22mortgage%20lending%22%7D%2C%7B%22tag%22%3A%22periodisation%22%7D%2C%7B%22tag%22%3A%22regime%20of%20accumulation%22%7D%5D%7D%7D%5D%7D
McCabe, B. J. (2019). Building a Nation of Homeowners Federal Housing Policy Ch.3. In No Place Like Home: Wealth, Community and the Politics of Homeownership.
Aalbers, M. B. (2016). The Financialization of Housing: A political economy approach (1st ed.). Routledge. https://doi.org/10.4324/9781315668666
Massey, D. S., Rugh, J. S., Steil, J. P., & Albright, L. (2016). Riding the Stagecoach to Hell: A Qualitative Analysis of Racial Discrimination in Mortgage Lending. City & Community, 15(2), 118–136. https://doi.org/10.1111/cico.12179
Aalbers, M. B. (2015). The Great Moderation, the Great Excess and the global housing crisis. International Journal of Housing Policy, 15(1), 43–60. https://doi.org/10.1080/14616718.2014.997431