CR Report
Provides information about community reinvestment issues and practices.
2010
- 12.28.2010
- Ohio and Pennsylvania: Two Approaches to Judicial Foreclosure Alternatives
- As the number of foreclosures continues to rise across the country, many policymakers are creating alternatives to foreclosure. Two counties in the Federal Reserve’s Fourth District&##8212;Cuyahoga County in Ohio, which encompasses Cleveland, and Allegheny County in Pennsylvania, encompassing Pittsburgh&##8212;have developed mediation and diversion programs aimed at mitigating the externalities associated with foreclosure, such as reduced property values and increased crime rates in surrounding neighborhoods. (PDF)
- 10.29.2010
- The Role of Social Effects in Spreading Subprime Lending
- New research from the Federal Reserve Bank of Cleveland investigates the extent to which social connections and context in poor neighborhoods determined the likelihood of high rates of subprime loans. Read more