Research shows that the best way to ensure the wealth-building effects of homeownership for low- and moderate-income families is a return to common-sense practices of the past.
In a new report published in Housing Policy Debate, researchers from UNC Center for Community Capital and UNC School of Law assess the impact of filing for bankruptcy on foreclosure auctions.
Researchers find wide variation in the likelihood of mortgage servicers bringing foreclosed properties to auction. Auctions are 70% less likely for homeowners in foreclosure who file for bankruptcy. The effect is five times greater for filers of Chapter 13 bankruptcies, which contain enhanced tools for preserving homeownership, compared to Chapter 7.
Senior research economist Sarah Riley speaks April 3 to national real estate executives on research on the mobility of low-income underwater homeowners and their impact on unemployment rates.
This report highlights key findings from the center’s long-term study of 46,000 lower‐income U.S. homeowners whose mortgages are part of the Community Advantage Program, begun before the foreclosure crisis and continuing today. The findings reveal what works in affordable mortgage lending and offers insights on how to rebuild a sustainable U.S. housing finance system.
UNC Center for Community Capital senior research economist Sarah Riley speaks Friday on factors that prompt default and ways to prevent foreclosure among low-income urban homeowners at the Society for Social Work and Research’s 2014 Annual Conference.
The Federal Housing Administration’s mortgage insurance fund plays a critical role in ensuring a healthy and stable housing market, and its losses resulting from the foreclosure crisis must be viewed in that context, center researchers conclude in an article published in Cityscape.
The Federal Housing Administration’s mortgage insurance fund plays a critical role in ensuring a healthy and stable housing market, and its losses during the foreclosure crisis must be viewed in that context, researchers at the UNC Center for Community Capital conclude in an article published in Cityscape.
Researchers will collaborate on a $460,000 grant project of the John D. and Catherine T. MacArthur Foundation to evaluate the effectiveness of federally funded mortgage payment assistance for unemployed homeowners.
Center researchers join experts from across the country discussing innovations in asset-building research, practice and policies at the 2013 Pathways to Prosperity Conference Oct. 16-17 in Durham, N.C.
