Where Credit is Due

Christy Rogers is a senior researcher at the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University. Rogers focuses on equitable neighborhood revitalization and housing policy issues, and has jointly authored many Institute reports, including "Communities of Opportunity: A Framework for a More Equitable and Sustainable Future for All."john a. powell is the executive director of the Kirwan Institute for the Study of Race and Ethnicity. He holds the Gregory H. Williams Chair in Civil Rights & Civil Liberties at the Moritz College of Law. Previously, powell founded and directed the Institute of Race and Poverty at the University of Minnesota. He has also served as director of legal services in Miami, Florida and was the national legal director of the American Civil Liberties Union.

There is, perhaps, no more powerful illustration of contemporary structural racism than the exponential growth of unfair and unequal credit and lending practices that served as kindling for what became the fire-the subprime mortgage crisis…This book is a seminal contribution because it…has the potential to help move readers and policy makers beyond denial of the multifaceted, racially-based drivers of financial practices, policies, and our economy.

• Chapter 1 IntroductionChapter 2 Chapter 1: OverviewChapter 3 Chapter 2: Understanding the Subprime Crisis: Institutional Evolution and Theoretical ViewsChapter 4 Chapter 3: Subprime Lending, Foreclosure and Race: An Introduction to the Role of Securitization in Residential Mortgage FinanceChapter 5 Chapter 4: A Structural Racism Lens on Subprime Foreclosures and Vacant PropertiesChapter 6 Chapter 5: Subprime Lending, Mortgage Foreclosure and Race: How Far Have We Come and How Far Have We to Go?Chapter 7 Chapter 6: Subprime Lending in the City of Cleveland and Cuyahoga CountyChapter 8 Chapter 7: Bending Toward Justice: An Empirical Study of Foreclosures in One Neighborhood Three Years After Impact and a Proposed Framework for a Better CommunityChapter 9 Chapter 8: The Foreclosure Crisis and Fair Credit Access for in Immigrant CommunitiesChapter 10 Chapter 9: An Ethnographic View of Impact: Asset Stripping for People of ColorChapter 11 Chapter 10: Affirmatively Furthering Fair Housing: A Critical Component of the Neighborhood Stabilization ProgramChapter 12 Chapter 11: Frannie, Freddie, and the Future of Fair HousingChapter 13 Chapter 12: Fannie Mae and Freddie Mac: How Can We Improve Their Support of the Mortgage Market?Chapter 14 Chapter 13: Furthering Fair Housing, the Housing Finance System, and the Government Sponsored EnterprisesChapter 15 Chapter 14: Give Credit Where Credit is Due: Overhauling the CRAChapter 16 Chapter 15: Breaking the Bank / (Re)Making the Bank: America's Financial Crisis and the Implications for Sustainable Advocacy for Fair Credit and Fair BankingChapter 17 Chapter 16: The Housing and Credit Crisis Revisited: Looking Back and Moving Forward