From Foreclosure to Fair Lending: Advocacy, Organizing, Occupy, and the Pursuit of Equitable Credit

From Foreclosure to Fair Lending: Advocacy, Organizing, Occupy, and the Pursuit of Equitable Credit


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Well-known fair housing and fair lending activists and organizers examine the implications of the new wave of fair housing activism generated by Occupy Wall Street protests and the many successes achieved in fair housing and fair lending over the years. The book reveals the limitations of advocacy efforts and the challenges that remain. Best directions for future action are brought to light by staff of fair housing organizations, fair housing attorneys, community and labor organizers, and scholars who have researched social justice organizing and advocacy movements. The book is written for general interest and academic audiences.
Contributors address the foreclosure crisis, access to credit in a changing marketplace, and the immoral hazards of big banks. They examine opportunities in collective bargaining available to homeowners and how low-income and minority households were denied access to historically low home prices and interest rates. Authors question the effectiveness of litigation to uphold the Fair Housing Act's promise of nondiscriminatory home loans and ask how the Consumer Financial Protection Bureau is assuring fair lending. They also look at where immigrants stand, housing as a human right, and methods for building a movement.

Product Details

ISBN-13: 9781613320518
Publisher: New Village Press
Publication date: 10/22/2013
Pages: 337
Product dimensions: 6.00(w) x 9.00(h) x (d)

About the Author

Chester Hartman is an urban planner, author, and academic. He is currently the director of research at Poverty & Race Research Action Council.

Gregory D. Squires is a professor of sociology, public policy, and public administration at George Washington University. Prior to joining the faculty at George Washington University, Squires taught at the University of Wisconsin-Milwaukee and served as a research analyst with the US Commission on Civil Rights.

Table of Contents

Foreword: Undoing the Bitter Legacy of Segregation and Discrimination Douglas S. Massey ix

1 Introduction: Occupy Wall Street: A New Wave of Fair Housing Activism? Gregory D. Squires Chester Hartman 1

The Activists

2 The More Things Change, the More They Stay the Same: Race, Risk, and Access to Credit in a Changing Market Debby Goldberg Lisa Rice 21

3 Onward and Upward: The Fight to Ensure Equal Access to Credit via the Federal Housing Administration David Berenbaum Katrina S. Forrest 41

4 Five Lessons Offered by but Not Learned from the Recent Collapse of the US Economy and the Housing Market James H. Carr Katrin B. Anacker 55

5 Opportunity Lost: How Low-Income and Minority Households Were Denied Access to Historically Low Home Prices and Interest Rates M William Sermons 83

6 Finding a Home for the Occupy Movement: Lessons from the Baltimore and Memphis Wells Fargo Litigation John P. Relman 105

7 A Tale of Two Recoveries: Discrimination in the Maintenance and Marketing of REO Properties in African American and Latino Neighborhoods across America Shanti Abedin Shanna L. Smith 129

The Organizers

8 Building the Power to Win the Battle of Big Ideas and Advance a Long-Term Agenda George Goehl Sandra Hinson 161

9 Forcing Banks to the Bargaining Table: Renegotiating Wall Street's Relationship with Our Communities Stephen Lerner Saqib Bhatti 177

10 Housing as a Human Right: Where Do Immigrants Stand? Janis Bowdler Donald L. Kahl José A. Garcia 207

The Scholars

11 The Limits of Litigation in Fulfilling the Fair Housing Act's Promise of Nondiscriminatory Home Loans Robert G. Schwemm 229

12 Housing, Race, and Opportunity John A. Powell 249

13 Winning Battles and Losing the War: The Progressive Advocacy World Mike Miller 267

14 Building a Movement for Fair Lending, Foreclosure Relief, and Financial Reform Peter Dreier 287

Contributors 322

Acknowledgments 329

Index 330

What People are Saying About This

From the Publisher

Occupy Wall Street’s biggest success was its impact on the national conversation. But now, many voices ask, what next? This book offers some important answers. In From Foreclosure to Fair Lending, leading experts and activists in housing and lending practices reflect on how the Occupy spirit revives the historic civil rights and grassroots organizing movements to take on new challenges in a new century."
Clarence Page, Pulitzer Prize-winning syndicated columnist for the Chicago Tribune.

"Housing policies and practices are at the center of the ongoing economic crisis in the United States, and the consequences in lost homes and lost savings have been devastating for many Americans. This collection gives us the essential background to understand these developments and support the struggle for social justice in housing that is emerging."
Frances Fox Piven, Graduate School, City University of New York.

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