Journal Article
Determinants of Housing Values and Variations in Home Prices Across Neighborhoods in Cook County
Lee, Jin Man; Toussaint-Comeau, Maude (2018)
From 2007 to 2009, the U.S. underwent one of the worst recessions in its history, a recession triggered by an unprecedented, international financial crisis that resulted from institutional portfolio concentration in securities backed by home mortgages, and the collapse of that securities market. The period saw a wave of defaults and foreclosures that spared almost no communities in metropolitan areas throughout the country (Bajaj and Story, 2008). Loan defaults and foreclosures, which had tended to be concentrated in lower-income and minority neighborhoods, spread to new and diverse ...
Profitwise , Issue 1 , Pages 1-23

Journal Article
The When, What and Where of Consumer Debt: The View from Cook County
Amromin, Gene; McGranahan, Leslie (2016)
Consumer debt grew rapidly in the years leading up to the Great Recession, and contracted sharply in its immediate aftermath. This credit cycle played out unevenly among households with different financial means and in different parts of the country. While much attention has been paid to mortgages, other debt categories, such as automobile and student, play an important role in household finances. Consequently, we analyze trends in both mortgage and non-mortgage debt across income groups during the period surrounding the Great Recession.
Profitwise , Issue 3 , Pages 6-11