Economic Research
Economic ResearchTopic - Foreclosure
Ninth District Insight Report - Quarter 4, 2012
April 2013 - Ninth District Insight
Ninth District Insight Report - Quarter 2, 2012
Published by the Community Development Department of the Federal Reserve Bank of Minneapolis
December 2012 - Ninth District Insight
Data analysis shows extent of underwater mortgage problem in the Twin Cities
A new indicator-based analysis reveals that the greater Minneapolis-St. Paul area has the highest rates of negative equity in the Ninth Federal Reserve District.
Michael Williams
October 2012 - Community Dividend
Regulators extend independent foreclosure review deadline to December 31, 2012
October 2012 - Community Dividend
Call for papers: The eighth biennial Federal Reserve community development research conference
July 2012 - Community Dividend
Ninth District community conditions are mixed, Minneapolis Fed report finds
July 2012 - Community Dividend
What ails the housing market? Part 1: A brief exploration of key factors inhibiting home buying
Despite low prices and interest rates, the housing market remains sluggish. Why?
Jacob Wascalus
July 2012 - Community Dividend
What ails the housing market? Part 2: Perspectives from industry professionals
Individuals from the real estate, community development, banking, and government sectors share their views.
Jacob Wascalus
July 2012 - Community Dividend
Protecting Tenants at Foreclosure Act guarantees renters a baseline of legal rights
A recently enacted federal law sets a minimum amount of time for renters to continue residing in foreclosed homes.
Jacob Wascalus
April 2012 - Community Dividend
Twin Cities organization expands role of land banks
Through its acquisition, community lending, and land-banking programs, Twin Cities Community Land Bank is contributing to the Minneapolis-St. Paul area's foreclosure recovery efforts.
Jacob Wascalus
April 2012 - Community Dividend
Fed Community Development offices launch community survey initiatives
A new Reserve Bank-led initiative is designed to gather front-line information on economic conditions in low- to moderate-income communities.
Ela Rausch
January 2012 - Community Dividend
Delinquencies and foreclosures in rural areas: A snapshot of the recent performance of mortgages in Michigan's Upper Peninsula
An analysis of newly acquired mortgage data reveals that the Upper Peninsula fared better than other parts of Michigan during the recent foreclosure crisis.
Michael Grover
July 2011 - Community Dividend
Recent rule changes expand definition of community development under the CRA
New modifications to the CRA rules are designed to encourage financial institutions to help stabilize foreclosure-ravaged communities.
Paula Woessner
July 2011 - Community Dividend
HUD awards $73 million to housing counseling organizations
April 2011 - Community Dividend
On the front lines of the housing crisis: A conversation with Julie Gugin of the Minnesota Home Ownership Center
Community Dividend speaks with Julie Gugin, executive director of the Minnesota Home Ownership Center, to learn how foreclosure counselors are responding to unprecedented challenges in the housing mar
Michael Grover
April 2011 - Community Dividend
Fannie Mae launches site for struggling homeowners
January 2011 - Community Dividend
New publication describes Fed foreclosure initiatives
January 2011 - Community Dividend
Nonprofit credit counselors provide one-on-one help for consumers in crisis
In the aftermath of the recent economic meltdown, nonprofit consumer credit counseling agencies have seen unprecedented demand for their services.
Paula Woessner
January 2011 - Community Dividend
Adopting a place-conscious approach to community development: A conversation with Margery Austin Turner of the Urban Institute
Community Dividend speaks with Margery Austin Turner, Vice President for Research at the Urban Institute's Metropolitan Housing and Communities Policy Center, to learn about her comprehensive, thought
Sandy Gerber
October 2010 - Community Dividend
Community Affairs publications update
July 2010 - Community Dividend
Foreclosures on Non-Owner-Occupied Properties in Ohio’s Cuyahoga County: Evidence from Mortgages Originated in 2005–2006
An examination of home buying, borrowing, and mortgage default by non-occupant owners in Cuyahoga County, Ohio, using detailed neighborhood and demographic data.
Richard M. Todd
June 2010 - Community Development Papers
Home mortgage modifications bypassing much of the district, so far
Ronald A. Wirtz
April 2010 - fedgazette
Family Housing Fund launches Twin Cities Community Land Bank
April 2010 - Community Dividend
Minneapolis Fed releases two new Community Affairs reports
April 2010 - Community Dividend
Minnesota Home Ownership Center case study illuminates costs of foreclosure counseling
Using a cost analysis, the authors identify how one Minnesota nonprofit can achieve further efficiencies in the design and delivery of its homeownership services.
Richard M. Todd, Leo T. Gabriel
April 2010 - Community Dividend
Gaining a Better Understanding of the Costs of Homeownership Programs: A Case Study and Recommendations for Minnesota's Home Ownership Center
An analysis of program costs for the Minnesota Home Ownership Center's three primary services: homeownership classes, pre-purchase home buyer counseling, and foreclosure counseling.
Richard M. Todd, Leo T. Gabriel
March 2010 - Community Development Papers
CRE: The cracked glass slipper?
CRE exposure and delinquencies are on the rise for Ninth District banks, but the full fallout is difficult to gauge
Ronald A. Wirtz
January 2010 - fedgazette
Collateral damage
While real estate still struggles through the housing collapse, commercial mortgages are piling on more pain
Ronald A. Wirtz
January 2010 - fedgazette
2008 was a mixed year for CDCUs, report says
November 2009 - Community Dividend
New federal law protects tenants of foreclosed properties
November 2009 - Community Dividend
Report sums up research on social effects of foreclosures
November 2009 - Community Dividend
Census data show homeownership rate has fallen to 2000 levels
July 2009 - Community Dividend
Credit Conditions: Some snap and crackle, but no pop
Ronald A. Wirtz
July 2009 - fedgazette
New Markets Mortgage program broadens homeownership opportunities in Minnesota
A new profit-based mortgage product offered by the African Development Center in Minneapolis could help make homeownership possible for Muslims and other interest-averse communities.
Paula Woessner
July 2009 - Community Dividend
Land banks as a neighborhood recovery strategy: A conversation with Dan Kildee of Michigan's Genesee County Land Bank
Community Dividend speaks with Dan Kildee, Genesee County treasurer and board chair of the Genesee County Land Bank, to learn more about how land banking is contributing to redevelopment in F
Michael Grover
May 2009 - Community Dividend
Lessons learned from 22 years of debt mediation
The 22-year history of the Minnesota Farmer-Lender Mediation Program offers useful lessons about debt mediation that can be applied to our current foreclosure crisis.
Joyce Hoelting
May 2009 - Community Dividend
Partners unveil foreclosure resource site
May 2009 - Community Dividend
Did the CRA cause the mortgage market meltdown?
Two Federal Reserve economists examine whether available data support critics' claims that the Community Reinvestment Act spawned the subprime mortgage crisis.
Neil Bhutta, Glenn B. Canner
March 2009 - Community Dividend
NeighborWorks America releases report on foreclosure counseling
January 2009 - Community Dividend
Raising the credit bar, or getting clubbed by it?
Credit is tightening, but there is a fine line between tighter credit and a so-called credit crunch
Ronald A. Wirtz
January 2009 - fedgazette
Risks and realities of the contract for deed
While contracts for deed offer some advantages over a traditional mortgage, such as speed and simplicity, they can entail distinct risks for buyers and sellers. This article presents basic facts and
Crystal Myslajek
January 2009 - Community Dividend
Weathering the storm: Community developers in Minnesota face the foreclosure crisis
A close look at foreclosures in Minnesota and the ways communities are addressing the problem, individually and collectively.
Andriana Abariotes, Rose Carr
January 2009 - Community Dividend
Fed, NeighborWorks America partner to address foreclosures
November 2008 - Community Dividend
OCC releases mortgage metrics report
September 2008 - Community Dividend
New data analysis helps identify future foreclosure trouble spots
An analysis conducted by the Minneapolis Fed and the Federal Reserve Board reveals which areas of the Twin Cities region are at greatest risk of becoming mortgage foreclosure hotspots.
Andreas Lehnert, Michael Grover
May 2008 - Community Dividend
Credit risk data may help target foreclosure mitigation
Richard M. Todd, Laura Smith, Michael Grover
September 2007 - fedgazette
A little cooler than hot
South Dakota State Roundup
July 2007 - fedgazette
Financing Community Development: Learning from the Past, Looking to the Future -- Conference papers now available
July 2007 - Community Dividend
Targeting Foreclosure Interventions: An Analysis of Neighborhood Characteristics Associated with High Foreclosure Rates in Two Minnesota Counties
An analysis of neighborhood characteristics associated with high foreclosure rates in Hennepin and Ramsey counties, the two core counties in Minnesota's Twin Cities metropolitan area.
Richard M. Todd, Laura Smith, Michael Grover
June 2007 - Community Development Papers
Has the increase in foreclosures in the subprime mortgage sector had any effect on your business, or had a noticeable effect on local housing conditions? How so?
District Voices
May 2007 - fedgazette
Montana foreclosure prevention campaign wins double honors
March 2007 - Community Dividend
Fed-led research reveals need for better Twin Cities foreclosure data
An analysis led by researchers at the Federal Reserve Bank of Minneapolis reveals that the availability and usefulness of foreclosure data are often inadequate, at least in the Twin Cities region.
Michael Grover
September 2006 - Community Dividend
Foreclosure prevention is Minnesota group's mission
The Minnesota Mortgage Foreclosure Prevention Association is a statewide network of individuals and member organizations that dedicate their time to a serious mission: helping people avoid home mortga
Sandy Gerber
November 2005 - Community Dividend
Post-purchase counseling: An EMHI strategy to close homeownership gaps
Minnesota appears to be well-positioned to pursue the goal of using post-purchase support programs to reduce the incidence of mortgage foreclosures.
Richard M. Todd, Michael Grover
November 2005 - Community Dividend
NCLC warns of foreclosure "rescue" scams
September 2005 - Community Dividend
