Where Credit is Due
Bringing Equity to Credit and Housing After the Market Meltdown
Published on 21. November 2013
Book
Paperback/Softback
402 pages
978-0-7618-5606-1 (ISBN)
Description
While much recent attention has been focused on the subprime lending and foreclosure crisis, little has been said about its radically-disparate impact. Drawing upon history as well as insight into the current crisis, this book shows that this crisis is not an anomaly, especially for people of color; nor is it over. People of color have been excluded from wealth-building opportunities via homeownership continuously throughout United States history, from the outright denial of credit and residential racial discrimination, to federally-sponsored urban renewal programs. The subprime lending and foreclosure crisis is predicted to strip a quarter of a trillion dollars in wealth from black and Latino homeowners. It has reversed home ownership gains for people of color and has decimated neighborhoods across the United States while impacting local, regional, national, and international economies. The consequences are devastating. This collection of essays provides a framework for creating equitable policy and ultimately building more stable communities for all Americans.
Reviews / Votes
There is, perhaps, no more powerful illustration of contemporary structural racism than the exponential growth of unfair and unequal credit and lending practices that served as kindling for what became the fire-the subprime mortgage crisis...This book is a seminal contribution because it...has the potential to help move readers and policy makers beyond denial of the multifaceted, racially-based drivers of financial practices, policies, and our economy. -- Gail C. Christopher, DN, vice president for program strategy, W.K. Kellogg Foundation ...An understanding of this issue is essential to preparing our country to complete in the 21st century global economy as people of color become the majority. -- Roger A. Clay Jr., president, Insight Center for Community EMore details
Language
English
Place of publication
Lanham, MD
United States
Product notice
Paperback (trade)
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 23 mm
Weight
592 gr
ISBN-13
978-0-7618-5606-1 (9780761856061)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
John Powell | Christy Rogers
Where Credit is Due
Bringing Equity to Credit and Housing After the Market Meltdown
E-Book
11/2013
1st Edition
University Press of America
€47.49
Available for download
John Powell | Christy Rogers
Where Credit is Due
Bringing Equity to Credit and Housing After the Market Meltdown
E-Book
11/2013
1st Edition
University Press of America
€47.49
Available for download
Persons
Christy Rogers is a senior researcher at the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University. Rogers focuses on equitable neighborhood revitalization and housing policy issues, and has jointly authored many Institute reports, including "Communities of Opportunity: A Framework for a More Equitable and Sustainable Future for All."
john a. powell is the executive director of the Kirwan Institute for the Study of Race and Ethnicity. He holds the Gregory H. Williams Chair in Civil Rights & Civil Liberties at the Moritz College of Law. Previously, powell founded and directed the Institute of Race and Poverty at the University of Minnesota. He has also served as director of legal services in Miami, Florida and was the national legal director of the American Civil Liberties Union.
john a. powell is the executive director of the Kirwan Institute for the Study of Race and Ethnicity. He holds the Gregory H. Williams Chair in Civil Rights & Civil Liberties at the Moritz College of Law. Previously, powell founded and directed the Institute of Race and Poverty at the University of Minnesota. He has also served as director of legal services in Miami, Florida and was the national legal director of the American Civil Liberties Union.
Content
Chapter 1 Introduction
Chapter 2 Chapter 1: Overview
Chapter 3 Chapter 2: Understanding the Subprime Crisis: Institutional Evolution and Theoretical Views
Chapter 4 Chapter 3: Subprime Lending, Foreclosure and Race: An Introduction to the Role of Securitization in Residential Mortgage Finance
Chapter 5 Chapter 4: A Structural Racism Lens on Subprime Foreclosures and Vacant Properties
Chapter 6 Chapter 5: Subprime Lending, Mortgage Foreclosure and Race: How Far Have We Come and How Far Have We to Go?
Chapter 7 Chapter 6: Subprime Lending in the City of Cleveland and Cuyahoga County
Chapter 8 Chapter 7: Bending Toward Justice: An Empirical Study of Foreclosures in One Neighborhood Three Years After Impact and a Proposed Framework for a Better Community
Chapter 9 Chapter 8: The Foreclosure Crisis and Fair Credit Access for in Immigrant Communities
Chapter 10 Chapter 9: An Ethnographic View of Impact: Asset Stripping for People of Color
Chapter 11 Chapter 10: Affirmatively Furthering Fair Housing: A Critical Component of the Neighborhood Stabilization Program
Chapter 12 Chapter 11: Frannie, Freddie, and the Future of Fair Housing
Chapter 13 Chapter 12: Fannie Mae and Freddie Mac: How Can We Improve Their Support of the Mortgage Market?
Chapter 14 Chapter 13: Furthering Fair Housing, the Housing Finance System, and the Government Sponsored Enterprises
Chapter 15 Chapter 14: Give Credit Where Credit is Due: Overhauling the CRA
Chapter 16 Chapter 15: Breaking the Bank / (Re)Making the Bank: America's Financial Crisis and the Implications for Sustainable Advocacy for Fair Credit and Fair Banking
Chapter 17 Chapter 16: The Housing and Credit Crisis Revisited: Looking Back and Moving Forward
Chapter 2 Chapter 1: Overview
Chapter 3 Chapter 2: Understanding the Subprime Crisis: Institutional Evolution and Theoretical Views
Chapter 4 Chapter 3: Subprime Lending, Foreclosure and Race: An Introduction to the Role of Securitization in Residential Mortgage Finance
Chapter 5 Chapter 4: A Structural Racism Lens on Subprime Foreclosures and Vacant Properties
Chapter 6 Chapter 5: Subprime Lending, Mortgage Foreclosure and Race: How Far Have We Come and How Far Have We to Go?
Chapter 7 Chapter 6: Subprime Lending in the City of Cleveland and Cuyahoga County
Chapter 8 Chapter 7: Bending Toward Justice: An Empirical Study of Foreclosures in One Neighborhood Three Years After Impact and a Proposed Framework for a Better Community
Chapter 9 Chapter 8: The Foreclosure Crisis and Fair Credit Access for in Immigrant Communities
Chapter 10 Chapter 9: An Ethnographic View of Impact: Asset Stripping for People of Color
Chapter 11 Chapter 10: Affirmatively Furthering Fair Housing: A Critical Component of the Neighborhood Stabilization Program
Chapter 12 Chapter 11: Frannie, Freddie, and the Future of Fair Housing
Chapter 13 Chapter 12: Fannie Mae and Freddie Mac: How Can We Improve Their Support of the Mortgage Market?
Chapter 14 Chapter 13: Furthering Fair Housing, the Housing Finance System, and the Government Sponsored Enterprises
Chapter 15 Chapter 14: Give Credit Where Credit is Due: Overhauling the CRA
Chapter 16 Chapter 15: Breaking the Bank / (Re)Making the Bank: America's Financial Crisis and the Implications for Sustainable Advocacy for Fair Credit and Fair Banking
Chapter 17 Chapter 16: The Housing and Credit Crisis Revisited: Looking Back and Moving Forward