scholarly journals Mortgage Supply and the US Housing Boom: The Role of the Community Reinvestment Act

Author(s):  
Vahid Saadi
2020 ◽  
Vol 33 (11) ◽  
pp. 5288-5332 ◽  
Author(s):  
Vahid Saadi

Abstract This paper studies the role of the Community Reinvestment Act (CRA) in the U.S. housing boom-bust cycle. I find that enhanced CRA enforcement in 1998 increased the growth rate of mortgage lending by CRA-regulated banks to CRA-eligible census tracts. I show that during the boom period house price growth was higher in the eligible census tracts because of the shift in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that CRA-induced mortgages were awarded to borrowers with lower FICO scores and were more frequently delinquent.


2018 ◽  
pp. 120-145
Author(s):  
John Taylor ◽  
Josh Silver

Policymakers tend to focus on federal programs as remedies to poverty. While important, the largest of these programs do not combat poverty’s geographic aspects. The Community Reinvestment Act (CRA) imposes an affirmative obligation on banks to meet the credit needs of low- and moderate-income (LMI) neighborhoods. The act is designed to promote affordable housing and economic development by combating lending discrimination, thereby alleviating poverty and building wealth in LMI areas. Federal CRA exams rate banks on their loans and investments in LMI neighborhoods. By promoting responsible lending, the CRA has increased homeownership and small-business ownership in those neighborhoods. However, the act’s full potential to combat concentrations of poverty has not been realized. This chapter explores how improved examination procedures can make the CRA more effective in promoting integration in gentrifying and distressed neighborhoods and how the CRA can be combined with the US Department of Housing and Urban Development’s recent fair housing rule and other anti-poverty programs to combat concentrations of poverty.


Author(s):  
Rosamond C. Rodman

Expanding beyond the text of the Bible, this chapter explores instead a piece of political scripture, namely the Second Amendment of the US Constitution. Over the last half-decade, the Second Amendment has come to enjoy the status of a kind of scripture-within-scripture. Vaulted to a much more prominent status than it had held in the first 150 years or so of its existence, and having undergone a remarkable shift in what most Americans think it means, the Second Amendment provides an opportunity to examine the linguistic, racial, and gendered modes by which these changes were effected, paying particular attention to the ways in which white children and white women were conscripted into the role of the masculine, frontier-defending US citizen.


2020 ◽  
pp. 074391562098472
Author(s):  
Lu Liu ◽  
Dinesh K. Gauri ◽  
Rupinder P. Jindal

Medicare uses a pay-for-performance program to reimburse hospitals. One of the key input measures in the performance formula is patient satisfaction with their hospital care. Physicians and hospitals, however, have raised concerns especially about questions related to patient satisfaction with pain management during hospitalization. They report feeling pressured to prescribe opioids to alleviate pain and boost satisfaction survey scores for higher reimbursements. This over-prescription of opioids has been cited as a cause of current opioid crisis in the US. Due to these concerns, Medicare stopped using pain management questions as inputs in its payment formula. We collected multi-year data from six diverse data sources, employed propensity score matching to obtain comparable groups, and estimated difference-in-difference models to show that, in fact, pain management was the only measure to improve in response to pay-for-performance system. No other input measure showed significant improvement. Thus, removing pain management from the formula may weaken the effectiveness of HVBP program at improving patient satisfaction, which is one of the key goals of the program. We suggest two divergent paths for Medicare to make the program more effective.


2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 681-681
Author(s):  
Regina Shih

Abstract The prevalence of caregiving for an adult or child with special needs has increased significantly in the past five years (from 18.2% to over 21.3%), driven by an increase in the prevalence of caring for a family member or friend aged 50 and older. At the same time, care recipients have greater health and functional needs that necessitate care from others in comparison to 2015. These new 2020 data from the Caregiving in the US Survey by the National Alliance for Caregiving suggests that not only are more American adults taking on the role of caregiver, but they are doing so for increasingly complex care situations. This paper addresses the prevalence of caregiving including the demographics of family caregivers, relationship between the caregiver and the care recipient, health conditions of the care recipient, and living situations of care recipients and their caregivers.


2021 ◽  
pp. 096701062199722 ◽  
Author(s):  
Nivi Manchanda ◽  
Chris Rossdale

The past ten years have witnessed a revival in scholarship on militarism, through which scholars have used the concept to make sense of the embeddedness of warlike relations in contemporary liberal societies and to account for how the social, political and economic contours of those same societies are implicated in the legitimation and organization of political violence. However, a persistent shortcoming has been the secondary role of race and coloniality in these accounts. This article demonstrates how we might position racism and colonialism as integral to the functioning of contemporary militarism. Centring the thought and praxis of the US Black Panther Party, we argue that the particular analysis developed by Black Panther Party members, alongside their often-tense participation in the anti–Vietnam War movement, offers a strong reading of the racialized and colonial politics of militarism. In particular, we show how their analysis of the ghetto as a colonial space, their understanding of the police as an illegitimate army of occupation and, most importantly, Huey Newton’s concept of intercommunalism prefigure an understanding of militarism premised on the interconnections between racial capitalism, violent practices of un/bordering and the dissolving boundaries between war and police action.


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