Student loan default is largely a symptom of institutional, student, and socioeconomic factors that interact and reinforce each other as students pass through the educational system. Thus, the problem of student loan default is unlikely to be solved at the … Continued
Author: Sarah Riley
Recent estimates suggest that more than half (54%) of young adults who attend college take on some form of debt in order to do so. Student loans represent the most common type of debt incurred and are relied on by … Continued
The Center for Community Capital is thrilled to announce the launch of a de-identified, public-use version of the Community Advantage Panel Survey (CAPS). The panel survey comprises 11 years of panel survey data provided by approximately 5,000 low- and moderate–income homeowners … Continued
This article, written for a special “The CRA Turns 40” symposium in Cityscape uses lessons learned from the Community Advantage Program Study to provide insight into how the challenges associated with special community reinvestment lending might potentially be managed on a larger … Continued
The authors present three major findings: that the menu of mortgage contracts offered by lenders influences the default rate, that the default-rate-minimizing mortgage menu depends on house price externalities, and that the equilibrium menu and the default-rate-minimizing menu mostly coincide.