House price growth during national boom and bust cycles varies greatly across different urban areas in the US. For example, during the housing boom of 2000-2007, real house…
Why do national trends in house prices spread more to some cities than to others? This paper proposes an explanation of house price contagion based on migration spillovers…
From time to time, Housing Perspectives features posts by guest bloggers. Today’s post was written by Patricia McCoy, Liberty Mutual Insurance Professor, Boston College…
HBTL-01: From 2007 through 2011, the United States housing market suffered from a severe imbalance in supply and demand. On the supply side, there were too many homes…
MF10-6: Since mid-2007, the federal government has devoted enormous sums of money and effort to foreclosure prevention. Washington’s approach to rising foreclosures has…
Patricia McCoy, Elizabeth Renuart
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February 1, 2008
UCC08-5: In this chapter, we provide a critical analysis of the legal landscape of residential mortgage lending and explain how federal law abdicated regulation of the…
Raphael Bostic, Kathleen Engel, Patricia McCoy, Anthony Pennington-Cross, Susan Wachter
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February 1, 2008
UCC08-9: The subprime mortgage market, which consists of high-cost loans designed for borrowers with weak credit, has grown tremendously over the past ten years. Between…