Indices for the Chicago multifamily real estate market are developed in order to examine the relationship between real property appreciation rates and proximity to a designated tax increment financing (TIF) district. Chicago is a community with a long history of TIF investment and a patchwork of...

This paper presents an analysis of the distribution of home purchase mortgages insured by the Federal Housing Administration (FHA) in the primary mortgage market. Utilizing a sample of loan originations aggregated at the zip code level, the distribution of the market served by FHA and...

This article represents an extension of the expansive credit risk and credit migration literature, prominent in pricing risk of corporate bond and securities investment, to an analysis of the drift of consumer credit scores. A rich data set of residential mortgages is used in the development of...

House price volatility; lender and borrower perception of price trends, loan and property features; and the borrower's put option are integrated in a model of residential mortgage default. These dimensions of the default problem have, to our knowledge, not previously been considered altogether...

The interorganizational connections maintained by community development financial institutions (CDFIs) are examined with data obtained from a survey of CDFI executive directors and three case studies. The network actors are observed across three dimensions: collaboration, resource dependence,...