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Institutional Affiliations

Institutional Affiliations

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Published by: api-26172897 on Oct 09, 2009
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10/22/2012

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Institutional Affiliations
Lei Ding, Assistant Professor, Department of Urban Studies and Planning, Wayne StateUniversityRoberto G. Quercia, Director Center for Community Capital, Professor of City andRegional Planning, University of North Carolina at Chapel HillAlan M. White, Assistant Professor of Law, Valparaiso University
Acknowledgments
We gratefully acknowledge the help of the following people: Pat A. McCoy, Susan M.Wachter, Anthony Pennington-Cross, and Ronald J. Mann for their insightful and timelycomments; Kevin Park and Lilah Besser for their excellent research support, CarolinaKatz Reid for producing the zip code analysis of the LPS data; and Eleanor Howe for hercareful review of an earlier draft of the report.This work was made possible by a grant from The National State Attorneys GeneralProgram at Columbia Law School which received funding from the Consumer ProtectionFund of the North Carolina Department of Justice.While the people and institutions cited above deserve our thanks for making the work 
 possible, the paper’s authors take full responsibility for the contents, findings and
conclusions of the paper.
 
i
Table of Contents
Executive summary ......................................................................................... ii
 
1. Introduction ................................................................................................. 1
 
2. Literature review ......................................................................................... 4
 
3. Law coding and data ................................................................................. 11
 
3.1 Classifying state mortgage laws .......................................................... 11
 
3.2 Federal preemption of state laws ......................................................... 14
 
3.3 Data ...................................................................................................... 16
 
4. State anti-predatory lending laws and foreclosure rates ........................... 18
 
4.1 Analysis plan ....................................................................................... 19
 
4.2 State laws and prevalent loans characteristics .................................... 20
 
4.3 State laws and mortgage default rates ................................................. 21
 
4.4 Summary and discussion ..................................................................... 23
 
5. The impact of federal preemption ............................................................. 25
 
5.1 Analysis plan ....................................................................................... 25
 
5.2 Federal preemption and lending activity of preempted lenders .......... 27
 
5.3 Summary and discussion ..................................................................... 30
 
6. Summary and next steps ........................................................................... 31
 
References ..................................................................................................... 33
 

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