Eli Levine, Chavez Cheong, Ridge Ren, Emily Leung, Sam Wolter Introduction According to the 2000 Census, the state of Washington possessed 2.45 million housing units.[1] Out of the occupied housing units, 64.6 percent were owner-occupied while 35.4 percent were renter-occupied. By 2010, the number of housing units in Washington had grown to almost 2.89 million[2] Continue Reading »
By: Emily Leung, Eli Levine, Chavez Cheong, Ridge Ren, Sam Wolter State Introduction Between 2000 and 2010, Virginia’s population grew 13.1%, exceeding the 9.7% nationwide growth rate over the same period. The state’s population growth contributed to an increase in the housing stock, from just over 2.9 million units in 2000 to nearly 3.4 million Continue Reading »
Eli Levine & Chavez Cheong Introduction In the state of Massachusetts, the Division of Banks regulates all financial services and all Mortgage Enforcement Actions (MEAs) for the state of Massachusetts are publicly accessible via their website.[1] Our project sought to first extract, and then to analyze the text of these MEAs to deepen our understanding Continue Reading »
Eli Levine, Chavez Cheong, Sam Wolter Introduction This memo analyzes mortgage enforcement actions (MEAs) issued in the State of Ohio. It is based on data derived from the records of the Ohio Department of Commerce’s (DoC) Division of Financial Institutions (DFI), the state agency responsible for mortgage regulation. Our project sought to first extract, then Continue Reading »
Eli Levine, Chavez Cheong, Ridge Ren, Emily Leung, Sam Wolter Introduction Bordering Mexico, California, Nevada, Utah, and New Mexico, Arizona has a population greater than 7.5 million and is often a hotspot for migration. Between 2006 and 2010, the population grew from 6.19 million to 6.39 million, which contributed to a steep increase in home Continue Reading »
by Eli Levine, Chavez Cheong, Ridge Ren, Emily Leung, Sam Wolter Introduction Beginning in Summer 2021 as a Duke Data+ project and drawing on the research of Justina Zou in the 2019-20 academic year, the American Predatory Lending (APL) Data subteam aimed to take a data-driven approach to understanding the 2008 Global Financial Crisis (GFC) Continue Reading »
by Eli Levine, Chavez Cheong, Ridge Ren, Emily Leung, Sam Wolter Introduction: The Struggle with Acquiring State-Level Data Policy analysis focuses on available data and realized outcomes. Having a large amount of publicly accessible data provided by various government institutions at all levels enables researchers to analyze the effectiveness of different policies, and in general, Continue Reading »
Follow-Up Analysis Shows How Stakeholders Portrayed the Origins of the Financial Crisis I. Introduction In this analysis, we apply the same analytical approach, described in our first post in this series, to the question of how interviewees explained the causes of the Global Financial Crisis. The analytical approach uses our growing database of 40+ interviews Continue Reading »
Novel Analysis Shows How Stakeholders Considered Certain Features of the Financial Crisis I. Introduction Our analysis displays how three sets of stakeholders – government policymakers, consumer advocates, and banking executives – spoke about aspects of the financial crisis. The data come from a set of over 40 interviews that our team has conducted with individuals Continue Reading »
By Jett Hollister This is part of a series. Click here to read the previous article. Technical explanations of procedures contained in this analysis can be viewed here. To examine the differences in sentiment between blogs, we started by gaining a deeper understanding of Calculated Risk and Grasping Reality, the two blogs that behaved most similarly. Continue Reading »
By Jett Hollister Technical explanations of procedures contained in this analysis can be viewed here. During the leadup to the collapse of the U.S. housing market, few economic forecasts identified the growing imbalances in the American economy. Before the fire sale of Bear Stearns, collapse of Lehman Brothers, and failing subprime mortgage investments rippled throughout Continue Reading »
By Despina Chouliara The Great Recession began in December 2007 and ended in June 2009, making it the longest recession in the U.S. since the Great Depression. The crisis led to steep reductions in GDP, gross private investment, and personal consumption. Consumer spending experienced the most severe decline since World War II, and nearly 8.7 Continue Reading »
By Despina Chouliara The Global Financial Crisis was caused by a housing bubble that deflated rapidly. Using data from Moody’s Analytics, Freddie Mac, Yahoo Finance and the Federal Reserve, we created visualizations that highlight the evolution of the housing market in the United States and North Carolina in the ten years preceding the onset of Continue Reading »
By Justina Zou A description of the data can be found under data descriptions. To prevent predatory lending practices, protect homeowners, and establish a hierarchy of transparency and accountability, the North Carolina General Assembly enacted the Mortgage Lending Act (MLA) in 2001. This law set new licensing requirements for mortgage bankers, mortgage brokers, and mortgage Continue Reading »
by Arjun Bakshi The topic of this independent study is to examine the North Carolina housing market from 2007 to 2017. The 2008 financial crisis severely impacted many households around the country, including North Carolina. In the early 2000s, a large housing bubble emerged across the US – house prices appreciation occurred rapidly and more Continue Reading »
From the scenic Appalachian Mountains and beaches of the Outer Banks, to the military bases and massive hog farms down East, to geographically dispersed agricultural small holdings, to a hub of technological innovation and medicine in the Research Triangle and the banking and commercial center of Charlotte, North Carolina is a fascinatingly diverse state. Our Continue Reading »
While the Rural Outer Coastal region is the least populous of our five regional groupings, it has still proven to be a very interesting area to study for a variety of reasons. First, it experienced the most dramatic housing bubble when compared to the other regions, as demonstrated by the following graph comparing annual House Continue Reading »
The Mountains region is unique, both geographically and culturally, in comparison to the other parts of North Carolina. One defining factor is the Mountains region’s biggest defining lack of racial/ethnic diversity. As can be seen in the graph on the right, the Mountains region’s ratio of white to non-white inhabitants is close to 90%. This Continue Reading »
By Ahana Sen Instructions: Click on one of the categories on the legend to explore different demographic characteristics of pre-crisis North Carolina, and scroll right to view the full scale.
By Cameron Polo *This is part of a series. Click here to read the previous article.* In a previous article, we analyzed the trend in North Carolina delinquency rates for prime and subprime mortgage loans leading up to the 2007-09 Global Financial Crisis. We now turn our attention to the performance of fixed-rate versus adjustable-rate Continue Reading »
