News Updates
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Claudia Sharygin Participates in Discussion at Western Economic Association International Conference
July, 2011: Research Fellow Claudia Ayanna Sharygin joined the discussion of the paper “Who Receives a Mortgage Modification? Race and Income Differentials in Loan Workouts” at the Western Economic Association International Annual Conference in San Diego, Calif. The discussion explored the factors that determine whether a borrower loses a home to foreclosure, and the outcomes of mortgage modification.
Posted July 2nd 2011
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Vicki Been and Ingrid Gould Ellen Guest Edit HUD’s Research Journal
July 2011: Furman Center faculty directors Vicki Been and Ingrid Gould Ellen guest edited a volume of the U.S. Department of Housing and Urban Development’s policy development and research journal, Cityscape. The issue focuses on the importance of rental housing for the stability of the housing market, and brings together seven innovative proposals from leading housing experts calling for changes in government policies to benefit renters and their communities.
Posted July 1st 2011
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Mark Willis Speaks at Standard & Poor’s Housing Summit
June 9, 2011: Furman Center Resident Research Fellow Mark Willis joined the panel “Financing Affordable Housing: Options in Challenging Market Times” to discuss how housing finance reform may affect state and local housing finance agencies and the markets they serve, particularly underserved communities of first-time, low- and moderate-income, and minority homebuyers. The panel was part of Standard & Poor’s Housing Summit 2011: Boom, Bust, and Beyond.
Posted June 9th 2011
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Furman Center Researchers Present at American Real Estate and Urban Economics Mid-Year Meetings
June 2, 2011: Furman Center researchers presented findings at the American Real Estate and Urban Economics Mid-Year Meetings in Washington, DC what happens to seriously delinquent borrowers and their homes. The study looked at borrower characteristics, loan type and terms, and property and neighborhood characteristics. View the presentation.
Posted June 2nd 2011
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Ingrid Gould Ellen Speaks at Whitney Museum Event on Foreclosure
May 31, 2011: Furman Center faculty co-director Ingrid Gould Ellen discussed the connections between the subprime mortgage crisis in the United States and the psychic and social experience of home loss. The event was part of the exhibition Foreclosed: Between Crisis and Possibility, and began with a screening of Kamal Aljafari’s film Port of Memory.
Posted May 31st 2011
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Mark Willis Speaks at Microfinance USA Conference
May 24, 2011: Furman Center Resident Research Fellow Mark Willis joined a panel of experts to speak at the Microfinance USA Conference 2011 on modernization of the Community Reinvestment Act (CRA). The Community Reinvestment Act connects private and public institutions to meet the credit needs of under-served communities, and several bills are pending before the U.S. House of Representatives which would amend the law. Mark and other experts on the panel presented the key changes proposed by the bills and discussed why the law needs to be modernized, particularly in light of the subprime financial crisis.
Posted May 24th 2011
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Furman Center Releases New York City Quarterly Housing Report
May 19, 2011: A new Furman Center analysis of first quarter housing indicators finds that housing prices declined between the last quarter of 2010 and the first quarter of 2011 in every borough except Queens, where prices remained essentially flat. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality. View the press release.
Posted May 19th 2011
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Furman Center Faculty Director Speaks at Federal Reserve Community Affairs Research Conference
April 28: Furman Center Faculty Director Vicki Been addressed researchers, policy makers and practitioners and the Federal Reserve’s annual Community Affairs Research Conference in Arlington, VA. She presented findings on the factors that determine who receives a loan modification, based on research underway in a collaboration between NYU’s Furman Center and the Office of the Comptroller of the Currency. View her presentation.
Posted April 28th 2011
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Furman Center and Institute for Education and Social Policy Release Study on Foreclosures and Kids
April 20, 2011: The second in a two-part series on the effects of the foreclosure crisis on children, Foreclosure and Kids: Does Losing Your Home Mean Losing Your School? addresses the relationship between foreclosure and student mobility. New York University’s Institute for Education and Social Policy (IESP) and Furman Center for Real Estate and Urban Policy find that New York City public school students living in buildings entering foreclosure are more likely to switch schools than their peers, less likely to leave the school system, and that their new schools tend to be lower performing than the ones they left. Read the press release. The next stage in this research will examine the effects of housing instability on children’s educational outcomes.
Posted April 20th 2011
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Furman Center Releases 2010 State of New York City’s Housing and Neighborhoods Report
April 12, 2011: The Furman Center is pleased to present the 2010 edition of the State of New York City’s Housing and Neighborhoods. In this annual report, the Furman Center compiles statistics on housing, demographics and quality of life in the City, its five boroughs and 59 community districts. This year we examine the impact of foreclosures on New York City’s multi-family rental housing stock, analyze where New Yorkers live and work and how they commute, and highlight the Furman Center’s latest research on public and subsidized rental housing. Read the press release here.
Posted April 12th 2011
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