Community-based foreclosure prevention programs can shorten time to resolution and lower rates of recidivism when they include certain types of interventions.

Homeownership education and counseling programs based on classroom instruction and individual counseling improve a borrower’s exercise of the mortgage prepayment option; programs based on home study or telephone counseling do not affect borrower behavior.

Well-timed, situation-appropriate counseling, even over the phone, effectively increases the curing probability of delinquent borrowers.

As of this writing, some 5 million households are in default or some stage of foreclosure and the U.S. financial system, once the envy of the world, seems to be falling apart. Center researchers examine what went wrong.

Supplemental tables provide detail on the impact of predatory loan terms on subprime foreclosures discussed in a center working paper. These tables provide additional detail on the impact of predatory loan terms on subprime foreclosures, detailed in the center’s January … Continued

Predatory home loan features, such as refinance loans with prepayment penalties and those with balloon payments, significantly increase mortgage foreclosure risk There are growing concerns about the way predatory mortgages erode housing equity. In this paper, we examine a potential … Continued

North Carolina’s Predatory Lending Law is doing what it was intended to do: eliminate abusive loans without restricting the supply of subprime mortgage capital for borrowers with blemished credit records. This article examines changes in subprime mortgage originations before and … Continued

Interactive maps of foreclosures and related housing and mortgage data for all 100 North Carolina counties from 2000 to 2013. UNC Center for Community Capital research assistant Kevin A. Park created and maintains a portfolio of interactive maps displaying housing … Continued