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nedap / sbls

www.nedap.org / www.sbls.org. School of Public Affairs Baruch College CUNY March 3, 2009. Foreclosure Filings – NYC. Foreclosure Filings – NYC. Foreclosure Filings – NYC. Foreclosure Filings – NYC. Foreclosure Filings – NYC.

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nedap / sbls

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  1. www.nedap.org / www.sbls.org School of Public Affairs Baruch College CUNY March 3, 2009

  2. Foreclosure Filings – NYC

  3. Foreclosure Filings – NYC

  4. Foreclosure Filings – NYC

  5. Foreclosure Filings – NYC

  6. Foreclosure Filings – NYC

  7. 10 NYC Neighborhoods with Highest Number of Foreclosure Actions Filed 2004-2008 • Flatbush 2,914 • Bedford-Stuyvesant 2,657 • Rochdale 2,681 • East New York 2,307 • Jamaica 2,059 • Canarsie 1,656 • S. Ozone Park 1,414 • St. Albans 1,370 • Bushwick 1,265 • Queens Village 1,192 Source: NEDAP; Profiles Publications (weekly reports)

  8. Growth in Subprime Mortgage Lending (in billions) SOURCE: HUD; National Mortgage News

  9. Growth in Securitization of Subprime Loans(in billions) SOURCE: Inside B & C Lending

  10. EFFECTS – Short & Long Term • Families & Children • Health • Seniors • Immigrants • Employment • Housing • Neighborhoods

  11. Average Age of Mortgages in Default in NYCby borough Data Source: Profiles Publications Data Analysis: NEDAP

  12. AGE OF MORTGAGES IN DEFAULT - 2008 SOURCE: NEDAP; Profiles Publications

  13. Average Size of Mortgages in Default1-4 Family Properties - NYC Data Source: Profiles Publications Data Analysis: NEDAP

  14. Subprime Lending & Race/Ethnicityin the NYC Home Purchase Market In 2005: African-American borrowers were almost 4 times more likely than white borrowers to receive a high cost home purchase loan Latino borrowers were more than three times more likely than white borrowers to receive a high cost home purchase loan

  15. Race & Gender Disparities Upper income: • African American women – 5x more likely • Latina women – 4x times more likely … than white men at similar income levels to have received a subprime home purchase loan

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