Advantage or Disadvantage? The Changing Institutional Landscape of Underserved Mortgage Markets

This article argues that the resolution to the banking crisis after 1989 created a set of market rules promoting financial consolidation and giving large financial conglomerates competitive advantages that could allow them to more effectively tap historically underserved mortgage markets. Focusing on Chicago during the period 1993—2000, the author assesses the role played by consolidating lenders and their counterparts in altering the allocation of home purchase mortgages so as to benefit historically underserved markets. The results indicate that even as consolidating lenders are often leaders in more permissive mortgage market outcomes, substantial variations across time and between different areas of the city are suggestive of how underserved markets fare in the new financial marketplace

Business · Consolidation (business · Disadvantage · Economics · Financial crisis · Financial market · Financial system · Mortgage insurance · Political science · Shared appreciation mortgage · Banking stability, regulation, efficiency · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance

• Racial Dynamics of Subprime Mortgage Lending at the Peak

  J W Faber•Housing Policy Debate•2013

  Incluir item

• Immigrant banking and financial exclusion in Greater Boston

  Pascale Joassart‐marcelli, P Joassart-Marcelli et al.•Journal of Economic Geography•2009

  Incluir item

• Mortgage Foreclosure and Health Disparities

  Open Access•Susan Saegert, D Fields et al.•Journal of Urban Health•2011

  Incluir item

• Becoming Editors

  Open Access•Susan E Clarke, Michael A Pagano•Urban Affairs Review•2024

  Incluir item

• Cra’s “Blind Spots”

  Philip Ashton•Journal of Urban Affairs•2010

  Incluir item

• Foreclosures, Investors, and Uneven Development during the Great Recession in the Los Angeles Metropolitan Area

  Emily Tumpson Molina•Journal of Urban Affairs•2015

  Incluir item

• The Discursive Regime of the "American Dream" and the New Suburban Frontier

  Matthew B Anderson, Matthew Anderson•Urban Geography•2010

  Incluir item

• Cities Destroyed (Again) For Cash

  Jeff Crump, Kathe Newman et al.•Urban Geography•2008

  Incluir item

• Eroding the Wealth of Women

  Amy Castro Baker•Social Service Review•2014

  Incluir item

• Who’s at-risk? A case study of the demographic and socioeconomic characteristics of census tracts experiencing predatory and abusive mortgage lending in Philadelphia

  Open Access•Kristen B Crossney•Geoforum•2017

  Incluir item

• The “unrevealed casualties” of the Irish mortgage crisis

  Open Access•Ronald Waldron, Richard Waldron•Geoforum•2015

  Incluir item

• Geographies of the financial crisis

  Open Access•Manuel B Aalbers, Manuel Aalbers•Area•2009

  Incluir item

• Critical Connections

  Open Access•Colleen Casey•Urban Affairs Review•2014

  Incluir item

• Nonprofit Organizations in Governance Arrangements

  Colleen Casey•Public Integrity•2016

  Incluir item

• Troubled Assets

  Open Access•Philip Ashton•International Journal of Urban…•2012

  Incluir item

• Cartographies of Race and Class

  Open Access•Elvin Wyly, Markus Moos et al.•International Journal of Urban…•2009

  Incluir item

• Race, Space, and Cumulative Disadvantage

  Jacob S Rugh, Len Albright et al.•Social Problems•2015

  Incluir item

• Bursting Whose Bubble? The Racial Nexus Between Social Disaster, Housing Wealth, and Public Policy

  Open Access•Kasey Henricks•Social Justice Research•2015

  Incluir item

• Applied Logistic Regression Analysis

  Scott Menard•Applied Logistic Regression…•2002

  Incluir item

• Searching for a New Institutional Fix

  Open Access•Jamie Peck, Adam Tickell•Post‐Fordism•1994

  Incluir item

• Has mortgage capital found an inner‐city spatial fix?

  Elvin Wyly, Elvin K Wyly et al.•Housing Policy Debate•2004

  Incluir item

• Discriminating Risk

  Guy Stuart•Discriminating Risk•2003

  Incluir item

• Financing Home Ownership

  Open Access•Calvin Bradford•Urban Affairs Quarterly•1979

  Incluir item

• The Politics of Mortgage Finance

  Open Access•Heather Macdonald•Journal of Planning Education and…•1995

  Incluir item

• Credit to the Community

  Open Access•Stephen L Ro, Stephen L Ross•Journal of Planning Education and…•2005

  Incluir item

• Racial, Economic, and Institutional Differences in Home Mortgage Loans

  Richard Williams, Richard A Williams et al.•Journal of Urban Affairs•1997

  Incluir item

• Capital's metropolis

  Elvin Wyly, Elvin K Wyly et al.•Geografiska Annaler Series B…•2000

  Incluir item

• Mortgaged Metropolis

  Elvin Wyly, Elvin K Wyly•Urban Geography•2002

  Incluir item

• Geographies of mortgage market segmentation

  Kathe Newman, Elvin Wyly et al.•Housing Studies•2004

  Incluir item

• Redlining, the Community Reinvestment Act, and private mortgage insurance

  Open Access•Stephen L Ro, Stephen L Ross et al.•Journal of Urban Economics•2004

  Incluir item

• Cities and the Geographies of “Actually Existing Neoliberalism”

  Open Access•Neil Brenner, Nik Theodore•Antipode•2002

  Incluir item

• The Theory of Bank Redlining and Discrimination

  Open Access•Gary Dymski, Gary Arthur Dymski•The Review of Black Political…•1995

  Incluir item

• Geographies of Financial Exclusion

  Andrew Leyshon, Nigel Thrift•Transactions of the Institute of…•1995

  Incluir item

• Exploring the Neighborhood Contingency of Race Discrimination in Mortgage Lending in Columbus, Ohio

  Stephen R Holloway•Annals of the Association of…•1998

  Incluir item

• The Architecture of Markets

  Neil Fligstein•Architecture of Markets•2001

  Incluir item

• Fringe Banking in Milwaukee

  Open Access•Gregory D Squires, Sally O''Connor et al.•Urban Affairs Review•1998

  Incluir item

• Influencing the Agents of Urban Structure

  Open Access•Anne B Shlay•Urban Affairs Review•1999

  Incluir item

• The Rise of Mortgage-Backed Securities

  Open Access•Heather Macdonald•Environment and Planning A…•1996

  Incluir item

• Financial Transformation and the Metropolis

  Open Access•Gary Dymski, G A Dymski et al.•Environment and Planning A…•1996

  Incluir item

• Is a Finance-led growth regime a viable alternative to Fordism? A preliminary analysis

  Ruth Boyer, Robert Boyers et al.•Economy and Society•2000

  Incluir item