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Foreclosure resourceS

Get more information about:
Organizations doing work on the community impacts of foreclosure
Organizations doing work on foreclosure prevention
Research and publications
News articles

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ORGANIZATIONS: COMMUNITY IMPACTS OF FORECLOSURE

Center for American Progress
CAP provides links to news articles, reports, and policy statements/analysis. CAP, with Enterprise Community Partners, is also the joint developer of a proposal for a Neighborhood Stabilization Fund.

Center for Responsible Lending
CRL tracks major legislation related to foreclosure, posts relevant news headlines, provides resources for consumers, and offers state-by-state analyses of subprime loan and foreclosure trends and impacts.

Enterprise Community Partners
Enterprise’s Save America’s Neighborhoods web site has information about neighborhood stabilization legislation now being considered in Congress. Resources include a fact sheet for each state regarding the economic benefits of neighborhood stabilization grants, a Neighborhood Stabilization Fund fact sheet, and a side-by-side comparison of the House and Senate versions of the bill.

Mortgage Bankers Association
MBA’s web site has resources including the Association’s agenda to stabilize the housing market and the results of a quarterly survey measuring delinquency and foreclosure rates.

National League of Cities
The NLC web site provides a variety of resources for localities, including relevant research and surveys conducted by NLC, newspaper articles, and information about how localities are coping with foreclosures.

Progressive State Network
The Progressive State Network maintains a resource list for dealing with foreclosures at the state level, including policy options, state responses, newspaper articles, and organizations working on foreclosure issues.

Stable Communities initiative
This website is the centerpiece of NeighborWorks® America's Stable Communities initiative, aimed at providing community development practitioners with information and strategies to stabilize and revitalize communities in the wake of the foreclosure crisis.

The Reinvestment Fund
The Reinvestment Fund's "Policy Publications" and "Staff Writings" sections contain analyses of foreclosure trends in Maryland, Pennsylvania, and Delaware.

United States Conference of Mayors
Many of the articles in the U.S. Conference of Mayors' “Mayors in the Media” section are related to the impacts of foreclosures on municipalities. The Conference of Mayors also published U.S. Metro Economies: The Mortgage Crisis in November.

Woodstock Institute
The Woodstock Institute is a Chicago-based policy and advocacy nonprofit that works locally, nationally, and internationally to promote community reinvestment and economic development in lower-income and minority communities. Publications include Paying More for the American Dream – The Subprime Shakeout and Its Impact on Lower-Income and Minority Communities. The Institute also maintains an extensive list of foreclosure-related news articles.

ORGANIZATIONS: FORECLOSURE PREVENTION

AARP
AARP provides information to consumers to help them avoid lease/buyback scams and predatory loans, and learn about bankruptcy and foreclosure counseling.

ACORN
ACORN runs a housing counseling program focused on foreclosure resolution, Home Equity Loss Prevention Program (HELP). It provides a hotline for consumers and has established relationships with specific lenders around foreclosure resolution. ACORN’s web site also provides some information about predatory lending for consumers.

Center for Housing Policy
The CHP website provides timely information on successful policies that expand the availability of homes for working families. Now on the site find critical foreclosure and stabilization resources including draft NSP action plans.

Federal Trade Commission
The FTC provides information to consumers facing foreclosure, including a list of foreclosure prevention options/terms and how to prepare for a conversation with a loan servicer.

Freddie Mac
Freddie Mac provides information to consumers about foreclosure – the process, early steps to avoid foreclosure, and where to get help.

Homeownership Preservation Foundation
HPN maintains the 888-995-HOPE counseling hotline, and is a partner in the HOPE NOW Alliance. HPN also publishes relevant reports (e.g., Collateral Damage: The Municipal Impact of Today’s Mortgage Foreclosure Boom by W. Apgar and M. Duda).

HOPE NOW
HOPE NOW is a cooperative effort between counselors, investors, and lenders to maximize outreach efforts to homeowners in distress through a national foreclosure hotline, direct mail campaign, capacity building, etc.

League of California Cities
The League of California Cities maintains a small clearinghouse of information on the subprime mortgage crisis including links to local, state, and federal resources.

NeighborWorks America
NeighborWorks has a variety of resources focused on counseling and/or intervention at the borrower level, as well as a listing of news items (mostly federal policy initiatives) and some relevant research and reports.

Stop Foreclosure Resource Center
The Resource Center provides homeowners seeking to avoid foreclosure with information about bankruptcy, counseling, scams, etc.

RESOURCES: RESEARCH, PUBLICATIONS, AND WEBSITES

Addressing Foreclosures: A Great American Dream Neighborhood Stabilization Plan
By David M. Abromowitz
Published by the Center for American Progress

Blueprint for American Prosperity: Land Banking as Metropolitan Policy
By Frank S. Alexander
Published by the Brookings Institution Metropolitan Policy Program

Collateral Damage: The Municipal Impact of Today’s Mortgage Foreclosure Boom (246kb PDF)
By William C. Apgar and Mark Duda
Published by the Homeownership Preservation Foundation

Community Response to the Foreclosure Crisis: Thoughts on Local Interventions (184kb PDF)
By Dan Immergluck
Published by the Federal Reserve Bank of Atlanta

Dynamic Maps of Nonprime Mortgage Conditions in the United States
By the Federal Reserve Bank of New York

Emerging Trends: State Actions to Tackle the Foreclosure Crisis
By Stephanie Casey Pierce
Published by the National Governors Association

Foreclosure and Beyond: A Report on Ownership and Housing Prices Following Sheriff’s Sales, Cleveland and Cuyahoga County, Ohio, 2000-2007
By Claudia Coulton, Kristen Mikelbank and Michael Schramm
Published by the Center on Urban Poverty and Community Development at the Mandel School of Applied Social Sciences at Case Western Reserve University

Foreclosure Exposure: A Study of the Racial and Income Disparities in Home Mortgage Lending in 172 American Cities (477kb PDF)
By ACORN Fair Housing

Foreclosure Response: Resources on preventing foreclosures & stabilizing communities
By the Center for Housing Policy, KnowledgePlex, LISC, and the Urban Institute

Free HUD Neighborhood Stabilization Program Grant Data Tool
By PolicyMap (The Reinvestment Fund)

From Boom to Bust: Helping Families Prepare for the Rise in Subprime Mortgage Foreclosures
By Almas Sayeed
Published by the Center for American Progress

Housing Finance & Foreclosure Crisis: Local Impacts and Responses
By the National League of Cities

How to Spend $3.92 Billion: Stabilizing Neighborhoods by Addressing Foreclosed and Abandoned Properties (328kb PDF)
By Alan Mallach
Published by the Federal Reserve Bank of Philadelphia

Intrametropolitan Patterns of Foreclosed Homes (4.8mb PDF)
By Dan Immergluck
Published by the Federal Reserve Bank of Atlanta

Neighborhood Stabilization Program Grants HUD site
Published by the US Department of Housing and Urban Development

Paying More for the American Dream – The Subprime Shakeout and Its Impact on Lower-Income and Minority Communities (4.54mb PDF)
Published by the Woodstock Institute

Recovery/Renewal/Rebuilding: A Federal Reserve Foreclosure Series
Published by the Federal Reserve Bank of St. Louis

San Diego's Response to the Foreclosure Crisis (144kb PDF)
By Diane Silva-Martinez
San Diego City Attorney's Office

Seven Ways Foreclosures Impact Communities (140kb PDF)
By Christine Vidmar
Published by NeighborWorks® America

Stabilizing Communities: A Federal Response to the Secondary Impacts of the Foreclosure Crisis
By Alan Mallach
Published by the Brookings Institution

Summit on Housing: Partnering for Responsible Policy
Published by the US Department of Housing and Urban Development

Tackling the Mortgage Crisis: 10 Action Steps for State Government
By Alan Mallach
Published by the Brookings Institution

Transforming Foreclosed Properties Into Community Assets (1.1mb PDF)
By the Furman Center for Real Estate and Urban Policy

The End of the Great American Housing Boom: What It Means for You, Me, and the U.S. Economy
By Christian E. Weller
Published by the Center for American Progress

The External Costs of Foreclosure: The Impact of Single-Family Mortgage Foreclosures on Property Values (281kb PDF)
By Dan Immergluck and Geoff Smith
Published by the Fannie Mae Foundation

The Subprime Lending Crisis: The Economic Impact on Wealth, Property Values and Tax Revenues and How We Got Here
By the U.S. Congress Joint Economic Committee (Democrats)

There Goes the Neighborhood: The Effect of Single-Family Mortgage Foreclosures on Property Values
By Dan Immergluck and Geoff Smith
Published by the Woodstock Institute

U.S. Metro Economies: The Mortgage Crisis (618kb PDF)
By the United States Conference of Mayors and the Council for the New American City

Vacant and Abandoned Properties: Survey and Best Practices (585kb PDF)
By the United States Conference of Mayors' Vacant and Abandoned Properties Task Force

Will “Streamlining” the Mortgage Foreclosure Process Reduce Vacancy and Abandonment? (Working Paper)
By Dan Immergluck
Published by the Lincoln Institute of Land Policy

RESOURCES: IN THE NEWS

Miami-Dade County OKs code rules on foreclosed homes
miamitoday.com, 12/4/08

Foreclosed homes give shelter to homeless
azcentral.com, 12/3/08

Foreclosure Response hits the street to fight blight from vacant homes
mlive.com, 11/14/08

Neighborhoods step up foreclosure stabilization
stltoday.com, 11/13/09

Vacant homes on market edge upward
dsnews.com, 11/4/08

Foreclosure rates comparable across incomes
lisc.org, 10/29/08

Denver neighbors team up to fix foreclosed homes
denverpost.com, 10/27/08

The run-down foreclosure next door: What you can do
usnews.com, 10/23/08

Parkland Commission looks at law to tackle foreclosures
sun-sentinel.com, 10/23/08

Communities in Kentucky focus on blighted, vacant properties
kypost.com, 10/14/08