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Consumer & Economic Development Research & Information Center (CEDRIC)


Cedric logo CEDRIC's principal mission is to foster research related to consumer and economic development issues such as consumer and small business financial behavior, access to credit, affordable housing, and community development and reinvestment.

Other Community Development News and Articles

A Look at Upstate New York's Subprime Mortgages in Foreclosure

Subprime mortgage conditions remain a concern upstate. Analyzing a subset of these loans, this report finds that six counties with large urban centers account for about half of the securitized, subprime residential first lien loans in foreclosure. offsite link

Understanding the Securitization of Subprime Mortgage Credit

This paper provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise.offsite link

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