Mortgage Lenders and the Geographic Concentration of Foreclosures

Abstract

for outstanding research assistance. The analyses presented in this paper use information provided by one of the major credit reporting agencies. The credit agency has the legal right to view the research prior to its public release. However, the substantive content of the paper is the responsibility of the authors and does not reflect the specific views of any credit reporting agencies, nor does it reflect the views of Freddie Mac or its board of directors. This work was supported by the Ford Foundation, the Research Sponsors Program of the Zell/Lurie Real Estate Center at Wharton, and the Center for Real Estate and Urban Economic Studies at the University of Connecticut. Professor Ross has worked in the past as a consultant on fair housing and fair lending issues, but he has not done any consulting in this area within the last three years. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.