Please use this identifier to cite or link to this item: https://doi.org/10.1007/s10901-014-9415-4
Title: Pre- and post-delinquency behavior: cross-neighborhood variation in New York City
Authors: Lee, Kwan Ok 
Keywords: Science & Technology
Social Sciences
Life Sciences & Biomedicine
Environmental Studies
Regional & Urban Planning
Urban Studies
Environmental Sciences & Ecology
Public Administration
Concentrated foreclosures
Triggers of mortgage distress
Cross-neighborhood variation
Foreclosure counseling
Counseling outcomes
DISTRESSED HOMEOWNERS
FINANCIAL EDUCATION
FORECLOSURE
DISCRIMINATION
CRISIS
IMPACT
POLICY
Issue Date: 1-Sep-2015
Publisher: SPRINGER
Citation: Lee, Kwan Ok (2015-09-01). Pre- and post-delinquency behavior: cross-neighborhood variation in New York City. JOURNAL OF HOUSING AND THE BUILT ENVIRONMENT 30 (3) : 359-382. ScholarBank@NUS Repository. https://doi.org/10.1007/s10901-014-9415-4
Abstract: This study examines whether and how mortgage default risk and the resolution process of defaults interact with neighborhoods where homeowners reside. It uses a unique data that matches household information from the Center for New York City Neighborhoods (CNYCN) with a variety of census tract data. Findings suggest that loan-related triggers of mortgage distress (e.g., payment adjustment) are more significant in neighborhoods with higher price depreciation and higher vacancy rates. With respect to post-delinquency behavior, distressed homeowners residing in neighborhoods with higher house prices tend to underutilize CNYCN services, controlling for their distance to service providers. Along with strong housing market performance, the concentration of Black/African-Americans in a neighborhood is likely to contribute to less successful client outcomes.
Source Title: JOURNAL OF HOUSING AND THE BUILT ENVIRONMENT
URI: https://scholarbank.nus.edu.sg/handle/10635/234221
ISSN: 1566-4910
1573-7772
DOI: 10.1007/s10901-014-9415-4
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