Financing Community Development:
Learning from the Past, Looking to the Future

A Federal Reserve System Community Affairs Research Conference
Washington, D.C.
March 29-30, 2007

This Web site contains the papers from a conference organized by the Community Affairs Officers of the Federal Reserve System. Papers included in the Web site are to be considered working papers. They are reproduced here to make them available to scholars and practitioners with a serious interest in the topics presented. Many of the papers are in preliminary form and will be submitted for publication elsewhere. The works here should be cited as working papers and considered preliminary drafts of any subsequent publication. Although all papers have been screened for relevance to the subject matter of the conference, they have not been subjected to a rigorous refereeing process nor edited for form or content by the Federal Reserve.

Moderator
Kelly D. Edmiston
Federal Reserve Bank of Kansas City

Session 1
Session 2
Session 3
Session 4
Session 5
Session 6

Session Three: What Determines Who Defaults or Goes Bankrupt? How Do They Fare?
The Delinquency of Subprime Mortgages (PDF, 234KB)
Michelle A. Danis, Office of Federal Housing Enterprise Oversight, and Anthony Pennington-Cross, Marquette University
Presentation (PDF, 79KB)

The Realities of U.S. Personal Bankruptcy under Chapter 13 (PDF, 285KB)
Wenli Li, Federal Reserve Bank of Philadelphia; Hülya Eraslan, University of Pennsylvania; and Pierre-Daniel Sarte, Federal Reserve Bank of Richmond
Presentation (PDF, 76KB)

Discussant
Katherine M. Porter, University of Iowa
Presentation (PDF, 70KB)