Reports
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DeKalb County
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Fayette County
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This interim project report written by the Urban Institute compares Atlanta, Chicago and Washington DC across several demographic and economic traits, including the mortgage market and initial research into patterns of subprime lending, which is highly correlated to eventual foreclosed properties. |
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| The peak period of subprime lending in this country was from 2004 to 2006. Even though the foreclosures of Alt-A and prime loans will be increasingly important in the future, in early 2009 it is likely that the neighborhoods where the densities of those subprime loans were highest are the ones in greatest need of stabilization because of foreclosure impacts to this point.
This brief examines the characteristics and locations of such neighborhoods in the United States’ 100 largest metropolitan areas. We define subprime density as the number of high-cost loans from 2004 through 2006 per 1,000 housing units in one- to four-unit structures. The brief also examines neighborhood patterns in the share of high-cost loans made to investors (as opposed to owner-occupant borrowers). High investor shares suggest higher rates of rental occupancy and, thus, the need for different approaches to neighborhood stabilization. |
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Cherokee County
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Douglas County
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Forsyth County
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Fulton County
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Gwinnett County
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Hall County
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Henry County
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Newton County
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Paulding County
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Rockdale County
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Spalding County
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Walton County
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Barrow County
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Bartow County
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Carroll County
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Clayton County
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Cobb County
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Coweta County
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