The American Mortgage System : : Crisis and Reform / / ed. by Marvin M. Smith, Susan M. Wachter.

• Superior document: Title is part of eBook package: De Gruyter Penn Press eBook Package Complete Collection
• MitwirkendeR: Barr, Michael S.,; Calem, Paul S.,; Dechario, Toni,; Dokko, Jane K.,; Ellen, Ingrid Gould,; Engel, Kathleen,; Fisher, Lynn,; Fitzpatrick, IV,; Foote, Christopher L.,; Gerardi, Kristopher S.,; Kane, Edward J.,; Keys, Benjamin J.,; Laderman, Elizabeth,; Lambie-Hanson, Lauren,; Levitin, Adam J.,; Mosser, Patricia C.,; Nakamura, Leonard,; Quercia, Roberto G.,; Reid, Carolina,; Reinhart, Vincent,; Riley, Sarah F.,; Smith, Marvin M.,; Tracy, Joseph,; Tye, John Napier,; Van Order, Robert,; Vickery, James,; Wachter, Susan M.,; Willen, Paul S.,; Willis, Mark A.,; Wright, Joshua,
• HerausgeberIn: Smith, Marvin M.,; Wachter, Susan M.,
• Place / Publishing House: Philadelphia : : University of Pennsylvania Press, , [2011]; ©2011
• Year of Publication: 2011
• Language: English
• Series: The City in the Twenty-First Century
• Physical Description: 1 online resource (400 p.) :; 48 illus.

Successful home ownership requires the availability of appropriate mortgage products. In the years leading up to the collapse of the housing market, home buyers frequently accepted mortgages that were not only wrong for them but catastrophic for the economy as a whole. When the housing market bubble...

Table of Contents

• Frontmatter
• Contents
• Introduction
• PART I. Crisis: Origins and Solutions
• Chapter 1 The Secondary Market for Housing Finance in the United States: A Brief Overview
• Chapter 2 Reasonable People Did Disagree: Optimism and Pessimism About the U.S. Housing Market Before the Crash
• Chapter 3 Exploring the Determinants of High-Cost Mortgages to Homeowners in Low- and Moderate-Income Neighborhoods
• Chapter 4 Implications of the Housing Market Bubble for Sustainable Homeownership
• Chapter 5 A Framework for Consumer Protection in Home Mortgage Lending
• PART II. Community Impact
• Chapter 6 A Profile of the Mortgage Crisis in a Low- and Moderate-Income Community
• Chapter 7 Constructive Credit: Revisiting the Performance of Community Reinvestment Act Lending During the Subprime Crisis
• Chapter 8 Navigating the Housing Downturn and Financial Crisis: Home Appreciation and Equity Accumulation Among Community Reinvestment Homeowners
• Chapter 9 The Community Reinvestment Act: Evaluating Past Performance and Reviewing Options for Reform
• PART III. Reforming the Financial Architecture
• Chapter 1 0 Information Failure and the U.S. Mortgage Crisis
• Chapter 11 The Expanding Financial Safety Net: The Dodd-Frank Act as an Exercise in Denial and Cover-Up
• Chapter 12 A Private Lender Cooperative Model for Residential Mortgage Finance
• Chapter 13 Improving U.S. Housing Finance Through Reform of Fannie Mae and Freddie Mac: A Framework for Evaluating Alternatives
• Chapter 1 4 Some Thoughts on What to Do with Fannie Mae and Freddie Mac
• Chapter 15 The Road Not Taken: Our Failure in Redoing the Financial Architecture
• Contributors
• Index
• Acknowledgments