Roberto G. Quercia

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The authors acknowledge financial support from the Center for Responsible Lending (CRL). However, the views expressed here are those of the authors and do not necessarily represent the views of CRL. The authors would also like to thank Karen Pence for providing us with her database on state foreclosure laws. 1 ABSTRACT There are growing concerns about the(More)
Public housing authorities (PHAs) are entering a brave new world. Major proposed changes to the public housing program will force PHAs to compete with private sector providers for tenants. To succeed, they will have to act more like entrepreneurial market participants: to change their management practices, the types of tenants they house, and the kinds of(More)
We examine the link between homeownership, collective efficacy, and subjective neighborhood crime and disorder. Although prior research suggests that homeownership provides social benefits, the housing downturn and foreclosure crisis, coupled with mounting evidence that people self-select into housing, raise questions about the role of homeownership. We(More)
Homeownership has long been considered the cornerstone of the American dream, and considerable research has pointed to the social benefits of homeownership for both families and communities. Yet research concerning this link between homeownership and social participation has recently undergone critique for failing to consider neighborhood context. Do(More)
Considerable research has suggested that homeownership imparts a variety of positive individual, family, neighborhood, and community effects. Yet, much of the research to date has failed to examine such effects by level of income [Dietz, R.D., & Haurin, D.R. (2003). The social and private micro-level consequences of homeownership. Journal of Urban(More)
In this article, we examine house price appreciation rates and volatility in underserved areas. These include (1) census tracts with median income at or below 90 percent of the area median income (AMI) and (2) tracts with a minority concentration of at least 30 percent and median income up to 120 percent of AMI. Using 1972 to 1993 data from Dade County, FL,(More)
Jonathan S. Spader Implications of Risk-Based Pricing for Affordable Homeownership and Community Reinvestment Goals (Under the direction of Dr. Raphael Bostic, Dr. David Guilkey, Dr. Roberto Quercia, Dr. William Rohe, Dr. Michael Stegman) This dissertation examines the community reinvestment lending activities of prime lenders during the period of subprime(More)
HAIOU ZHU: A Loan-level Residential Mortgage Backed Security Pricing Model: are CAP CRA loans profit-making for the secondary market? (Under the direction of Mustafa Gültekin) This paper develops an industry comparable loan-level residential mortgage-backed security pricing model. It can be used to design hedging strategies for mortgage portfolio's interest(More)