Subprime Lending and Low-Income Communities
Maps of each U.S. Congressional district comparing subprime mortgage lending across the United States with the location of low-income and minority communities Center for Community Capital, University of North Carolina at Chapel Hill
Summer 2008

Subprime's Footprint
Shelterforce
Summer 2008

The Impacts of Community-based Foreclosure Prevention Programs
Housing Studies , Vol. 23, No. 3, pp. 461-483
May 2008

Does Homeownership Counseling Affect the Prepayment and Default Behavior of Affordable Mortgage Borrowers?
Journal of Policy Analysis and Management, Vol. 27, Issue 2, pages 304-325
Spring 2008

Neighborhood Patterns of High Cost Lending: The Case of Atlanta
Journal of Affordable Housing and Community Development Law , Vol. 17 No. 3, pp. 193-217
2008

Post-purchase Counseling and Default Resolutions among Low- and Moderate-Income Borrowers
Journal of Real Estate Research, V. 30 No. 3, pp 315-344
January 2008

The Portfolios and Wealth of Low-Income Homeowners and Renters: Findings from an Evaluation of Self-Help Ventures Fund's Community Advantage Program
Federal Reserve Bank of San Francisco, EconPapers
October 2007

The Wealth-Creating Potential of Homeownership: A Preliminary Assessment of Price Appreciation Among Low-income Home Buyers
Chasing the American Dream: New Perspectives on Affordable Homeownership
Cornell University Press, Ithaca, N.Y. May 2007

The Social-Psychological Effects of Affordable Homeownership [PDF]
Chasing the American Dream: New Perspectives on Affordable Homeownership
Cornell University Press, Ithaca, N.Y.
May 2007

Persistency Pays Off: Prepayment Behavior of Affordable Home Mortgages
May 2007

The Determinants of Home Price Appreciation Among Community Reinvestment Homeowners
Housing Studies, Vol. 22, Issue 3, pp. 381-408
May 2007

An Affordable Homeownership Strategy That Promotes Savings Rather Than Risk [PDF]
Ending Poverty in America How to Restore the American Dream
The New Press, N.Y.
Spring 2007

Preventive Servicing is Good for Business and Affordable Homeownership Policy
Housing Policy Debate, Vol. 18, Issue 2, pp. 243-278
January 2007

Creating a Low-Income Renter Panel as Part of the Evaluation of the Fannie Mae Self-Help Community Advantage Secondary Mortgage Demonstration Program [PDF]
December 12, 2005

Low Income Homeowners in the Community Advantage Panel: A Preliminary Longitudinal Examination [PDF]
November 10, 2005

Sharing the Wealth Through Homeownership: A Preliminary Exploration of the Price Appreciation Experiences of Low- and Moderate-Income Families Who Bought Homes Under the Community Advantage Secondary Market Loan Program [PDF]
July 2005

The Impact of Predatory Loan Terms on Subprime Foreclosures: The Special Case of Prepayment Penalties and Balloon Payments
January 2005

Assessing the Impact of North Carolina's Predatory Lending Law
Housing Policy Debate, Vol. 15, Issue 3, pp.573-601
2004

The Earned Income Tax Credit as an Instrument of Housing Policy [PDF]
The Brookings Institution, Washington, D.C.
June 2003

Performance of Community Reinvestment Loans: Implications for Secondary Market Purchases [PDF]
Low Income Homeownership: Examining the Unexamined Goal
The Brookings Institution Press, Washington, D.C.
2002

Community Advantage Panel Study: Social Impacts of Homeownership [PDF]
August 2002

The Fall and Rise of Public Housing [PDF]
Regulation Magazine. The Cato Institute, Washington, D.C.
Summer 2002

Does a High Tech Boom Worsen Housing Problems for Working Families? [PDF]
Housing Policy Debate, Vol. 13, Issue 2, pp. 393-415
May 2002

Facing the New Suburban Housing Crunch [PDF]
Blueprint: Ideas for a New Century, Vol. 8, pp. 54-57
Fall 2000

Housing America's Working Families
New Century Housing, Vol. 1, Issue 1
June 2000

Technical Reports

Annual reports to the Ford Foundation on its funded research and evaluation of the Community Advantage Program:

Community Advantage Program Panel Survey: Data Collection Update and Analysis of Panel Attrition [PDF]
May 2010

Community Advantage Program Database: Overview and Generalization [PDF]
Cityscape, Vol. 11, No. 3, 2009

Community Advantage Panel Survey: Technical Sampling Report: Renters 2004-2009 [PDF]
February 2010

Community Advantage Panel Survey: Technical Sampling Report: Owners 2003-2009 [PDF]
February 2010

Community Advantage Panel Survey: Data Collection Update and Analysis of Panel Attrition [PDF]
May 2009

Community Advantage Panel Survey: Data Collection Update and Analysis of Panel Attrition
February 2008

Community Advantage Panel Survey: Data Collection Update and Analysis of Attrition and Panel Representativeness
April 2007

Working paper series by RTI International detailing design, instrumentation, data collection methods, case management system and project management for CAP owner and renter interviews:

Accumulation of Wealth and Social Capital Among Low-Income Renters (AWSC-R)
September 2004
Accumulation of Wealth and Social Capital Among Low-Income Renters (AWSC-R) Round 2 and Community Advantage Panel survey of Homeowners (CAPS) Wave 3
December 2006
Accumulation of Wealth and Social Capital among Low-Income Renters (AWSC-R) Round 3 and Soft Refusal Sample
April 2007
Community Advantage Panel Survey Year 4 Data Collection
March 2010

Presentations

2010 NC State of the Economy, The Housing Recovery and Beyond [PDF]
Roberto G. Quercia
N.C.H.C. 2010 North Carolina Affordable Housing Conference: "Housing Works" Raleigh Convention Center, N.C.
Sept. 16-17, 2010

Future of Housing Finance: The Role of Private Mortgage Insurance [PDF]
Janneke Ratcliffe
U.S. House of Representatives Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, Washington, D.C. July 29, 2010
View archived Web Cast

Homeownership, Low-Income Households, and Financial Stress [PDF]
Kimberly Manturuk, Sarah Riley, Janneke Ratcliffe
Boulder Summer Conference on Consumer Financial Decision Making, Boulder CO
June 28, 2010

Do Default Hazards Change over Time? Implications for Effective Loan Modification Strategies [PDF]
Roberto G. Quercia, Chao Yue, Tian
American Real Estate and Urban Economics Association 2010 Mid-Mid Year Meeting, Washington, D.C.
June 3-4, 2010

Lessons to Learn from CRA Lending [PDF]
Roberto G.Quercia and Janneke Ratcliffe
Federal Reserve Bank of Philadelphia, Recover. Rethink. Rebuild. Reinventing Older Communities, Hyatt Regency Philadelphia PA at Penn's Landing
May 12-14, 2010

The Foreclosure Crisis Today [PDF]
Roberto G.Quercia
Annual Meeting of the American Real Estate Society, Naples, FL
April 16, 2010

The Foreclosure Crisis: Where are Things Today? [PDF]
Roberto G.Quercia
Community Reinvestment Association of North Carolina, Saving Homes, Modifying Loans Successes, Lessons and Recommendations for HAMP, Charlotte, N.C.
April 6, 2010

The Foreclosure Crisis and Minority Communities A Research Reconnaissance [PDF]
Roberto G.Quercia
N.C. Institute for Minority Economic Development, National & Regional Conversation on the Economic Impact of Housing on Minority Communities, Raleigh, N.C.
February 2, 2010

Tailoring Loan Modifications: When Is Principal Reduction Desirable? [PDF]
Roberto G.Quercia, Lei Ding
APPAM Fall Research Conference, Washington, D.C.
November 5-7, 2009

Navigating the Housing Downturn and Financial Crisis: Home Appreciation and Equity Accumulation Among Community Reinvestment Homeowners [PDF]
Sarah F. Riley, Allison Freeman, Roberto G.Quercia
APPAM Fall Research Conference, Washington, D.C.
November 5-7, 2009

Preventing Foreclosures: Counselors, Servicers and Loan Modifications [PDF]
Roberto G.Quercia
NC Housing Finance Agency Conference, Raleigh, Raleigh Convention Center, N.C.
November 3, 2009

State Anti-Predatory Lending Laws and Federal Preemption [PDF]
Roberto G.Quercia
Campbell University School of Law
October 29, 2009

Tailoring Loan Modifications: When is Principal Reduction Desirable? [PDF]
Lei Ding
American Real Estate and Urban Economics Association 37th Annual Mid Year Meeting
June 2009

Understanding the Foreclosure Crisis and the Policy Responses [PDF]
Roberto G. Quercia
University of Texas, College Station, TX
May 2009

Examining the Making Home Affordable Program [PDF]
Roberto Quercia
Testimony before the Subcommittee on Housing and Community Opportunity, Washington, D.C.
March 19, 2009

Seeking Solutions to the Mortgage Dilemna [PPT]
Janneke Ratcliffe
Mortgage Bankers Association Mortgage Servicing & Expo Conference, Tampa FL
February 19, 2009

Is Homeownership Associated With Better Parental Practices? Evidence from the Community Advantage Panel [PDF]
Michal Grinstein-Weiss
SSWR 13th Annual Conference, Washington, D.C.
January15, 2009

The Effects of Low- and Moderate-Income Homeownership and Neighborhood Context on Resource Generation: A Multilevel Analysis [PDF]
Michal Grinstein-Weiss
SSWR 13th Annual Conference, Washington, D.C.
January 15, 2009

The Preventable Foreclosure Crisis [PDF]
Roberto G. Quercia
Taubman College of Architecture & Urban Planning, Ann Arbor, Mich.
October 27, 2008

Risky Borrowers or Risky Mortgages [PDF]
Lei Ding
HUD Tuesday Series, Washington, D.C.
October 28, 2008

Foreclosures & The Community [PPT]
Janneke Ratcliffe
Virginia Foreclosure Prevention Community Impact, Richmond, VA
July 23, 2008

Risky Borrowers or Risky Mortgages: Disaggregating Effects Using Propensity Score Models [PDF]
Lei Ding
13th Asian Real Estate Society Annual Meeting, Shanghai, CHINA
July 2008

How Do We Safely Reach the Other Side? [PDF]
Janneke Ratcliffe
Federal Reserve Bank of Cleveland, Community Development Policy Summit Cleveland, Ohio
June 12, 2008

Spillover Effect of Neighborhood Subprime Lending [PPT]
Lei Ding
American Real Estate and Urban Economics Association Meeting 36th Annual Mid Year Meeting
May 2008

Solutions to the Subprime Crisis: Anatomy of a Mortgage Backed Security [PPT]
Louis Perwein
CCC Internal Presentation
April 2008

Consumer Financial Services

The Reality Education and Assets Partnership: Assessing the Feasibility of On Campus Money Management Programs at Minority Serving Institutions in North Carolina
December 2009

The Bold and the Bankable: Telenovela and Financial Education
Communities Banking, Vol. 20, No. 4, pp. 26-28 Fall 2009

Telenovela with a Financial Message
Community Investments, Vol. 21, No. 2, p. 38 Summer 2009

Increasing Inequality: The Role of American Household Indebtedness Between 1989-2004
April 2009

The Bold and the Bankable: How the Nuestro Barrio Soap Opera Effectively Delivers Financial Education to Latino Immigrants
Journal of Consumer Affairs Vol. 43, No.1, pp. 56-79
Spring 2009

Research Priorities: Results of the National Research Symposium on Financial Literacy and Education
Results of the National Research Symposium on Financial Literacy and Education: Ten Recommended Research Priorities
October 6-7, 2008

North Carolina Consumers after Payday Lending: Attitudes and Experiences with Credit Options
Prepared for the North Carolina Commissioner of Banks
November 2007

Payday Lending [PDF]
Journal of Economic Perspectives, Vol. 21, No. 1, pp. 169-190
Winter 2007

Latino Lending: Analysis of the Consumer Loan Portfolio of North Carolina's Cooperativa Communitaria Latino de Crédito
Prepared for Freddie Mac
September 2005

Transforming Tax Refunds into Assets: A Panel Survey of VITA Clients in Greenville, Henderson, and Raleigh
Report for the North Carolina Commissioner of Banks
August 2005

The Role of Technology in Serving the Unbanked
March 2005

Welfare, Work and Banking: The Use of Consumer Credit by Current and Former TANF Recipients in Charlotte, North Carolina
Journal of Urban Affairs, Vol. 27, No. 4, pp. 279-402
September 2005

Financial Institutions and Individual Development Accounts: Results of a National Survey
October 2003

The North Carolina Financial Services Survey
Prepared for the North Carolina Division of Social Services
October 2001

The Impacts of IDA Programs on Family Savings and Asset-Holding
February 2001

Banking the Unbanked: Connecting Residents of Social Housing to the Financial Mainstream Housing and Social Change: East-West Perspectives, pp. 199-220
December 2003

Standard Bank of South Africa's E Plan: Harnessing ATM Technology to Expand Banking Services
July 2003

Bringing More Affordable Financial Services to the Inner City: The Bethex Federal Credit Union-RiteCheck Check Cashing, Inc. Partnership [PDF]
Fannie Mae Foundation, Building Blocks, Vol. 3, No. 3
Winter 2002

Toward a More Performance-Driven Service Test: Strengthening Basic Banking Services under the Community Reinvestment Act [PDF]
Fall 2002

Creating a Scorecard for the CRA Service Test: Strengthening Banking Services Under the Community Reinvestment Act
The Brookings Institution, Policy Brief 96
March 2002

The State of Electronic Benefit Transfer
December 2003

Payday Lending: A Business Model that Encourages Chronic Borrowing
Economic Development Quarterly, Vol. 17, No. 1, pp. 8-32
February 2003

Banking the Unbanked: Untapped Market Opportunities for North Carolina's Financial Institutions [PDF]
North Carolina Banking Institute Journal, Vol. 5, pp. 23-47
School of Law, University of North Carolina at Chapel Hill
August 2001

The Public Policy Challenges of Payday Lending [PDF]
Institute of Government, University of North Carolina at Chapel Hill
Popular Government, Vol. 66, No. 3, pp. 16-22
Spring 2001

Too Much Month at the End of the Paycheck: Payday Lending in North Carolina [PDF]
Published by York Wilson, Durham, N.C.
January 2001

Spatial Analysis of Bank and Check-Cashing Locations in Charlotte, N.C.
December 30, 1999

A Guide to Low-Cost Financial Products in North Carolina
Report for the North Carolina Bankers Association and the North Carolina Credit Union Network
May 1999

Presentations

What Do We Know About the Unbanked [PPT]
Janneke Ratcliffe
N.C. House Study Committee on Unbanked and Underbanked Consumers, Raleigh, N.C.
August 21, 2008

Student Debt and the Racial Wealth Gap: Money, Markets and the Next Generation of Investors [PPT]
Mark McDaniel
National Association of Student Affairs Professionals: Student Leadership Institute at Bowie State University, Bowie, Md.
May 27, 2008

Evolution of Banking & Access to Financial Services in the U.S. [PPT]
Michael Stegman
World Bank Conference on Broadening Urban Access to Financial Services, Cartagena, Colombia
April 28, 2004

A Sampler of Consumer Credit-related Research Being Conducted at the Center for Community Capitalism [PPT]
Michael Stegman
CFA Financial Services Conference, Washington, D.C.
December 2, 2004

Community Development Finance

Increasing Access to Capital: Could Better Measurement of Social and Environmental Outcomes Entice More Institutional Investment Capital into Underserved Communities?
Community Development Investment Review, Vol 5, Issue 2. Federal Reserve Board of San Francisco, 2009

The Role of Community Development Financial Institutions in Home Ownership Finance
Prepared for CDFI Fund, U.S. Treasury under contract with Abt Associates
August 2008

Community Development Financial Institutions and the Segmentation of Underserved Markets
Prepared for CDFI Fund, U.S. Treasury Department under contract with Abt Associates
September 2008

Who's Counting? Measuring the Social Outcomes from Targeted Private Equity
Community Development Investment Review , Federal Reserve Bank of San Francisco
June 2007

Social Outcomes of Banc of America Capital Access Funds, A Fund of Funds Channeling Private Equity Capital to Underserved Markets
2006 and 2007 reports

Escheats Funds: An Overlooked Source of Public Capital for Business Development in North Carolina
September 2005

Creating Value in Inner-City Supermarkets: The Community Pride Way: A Case Study Working Paper
August 2001

Business-First Economic Development Benefits the Inner-City: A Partnership of the Eaton Corporation Navy Controls Division and the Northwest Side Community Development Corporation: A Case Study
August 2001

Presentations

Community Capitalism as a Foundation for a National Urban Policy [PPT]
Michael Stegman
Bootstrap Capitalism: Financial Services in Low-Income Communities, Washington, D.C. September 17, 2004

A Personal Perspective on the Recapitalization of Communities [PPT]
Michael Stegman
Community Development Policy Summit, Federal Reserve Bank of Cleveland, Columbus, Ohio
May 14, 2004

Thirty Years & Counting: Why Has CDBG Outlived Most HUD Assisted Production Programs? [PPT]
Michael Stegman
Edward V. Sparer Symposium, University of Pennsylvania Law School
March 19, 2004

New Markets Tax Credit Program [PPT]
Michael Stegman
Monitoring and Evaluation Roundtable, Washington, D.C.
March 13, 2002

Creating Community Wealth [PPT]
Michael Stegman
Net Impact Conference, Kenan-Flagler Business School, UNC-Chapel Hill
November 3, 2001

Emerging Issues in Financial Markets & Community Investment [PPT]
Michael Stegman
GAO Planning Conference, US General Accounting Office, Washington, D.C.
February 15, 2001

Center Researchers

Our multidisciplinary research staff includes academics, economists, practitioners and social scientists

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