Topic

Foreclosures in Prince George's County

Using a merged data set consisting of Home Mortgage Disclosure Act (HMDA), U.S. Census Bureau and Lender Processing Services (LPS) data, and utilizing a logistic regression model, the speakers will present an analysis of the likelihood of foreclosure in Prince George’s County. They found that the borrowers in Black/African American neighborhoods with high income were 42 percent more likely, and Hispanic/Latino neighborhoods with high income were 159 percent more likely, than borrowers in non-Hispanic White neighborhoods to go into foreclosure, controlling for key demographic, socioeconomic, and financial variables.

Date & Time

Wednesday, May 27, 2015
10:30 a.m. - Noon

Location

4th Floor Board Room
County Administration Building (CAB)
14741 Governor Oden Bowie Drive
Upper Marlboro, MD 20772

CM

1.5

Speaker / Instructor Biography

James H. Carr
Housing and Financial Services Consultant, Senior Fellow, Center for American Progress; recently appointed Coleman A. Young Endowed Chair and Professor of Urban Affairs, Wayne State University

Jim Carr is a housing finance, banking, and urban policy consultant. He is also a Senior Fellow with the Center for American Progress and recently appointed Coleman A. Young Endowed Chair and Professor of Urban Affairs, Wayne State University. Previously, Jim served as Chief Business Officer for the National Community Reinvestment Coalition (NCRC) where he managed minority- and women-owned business centers in Washington, D.C.; New York, NY; and Houston, TX, that assisted their clients to access more than $1.8 billion in capital and $350 million in federal contracts during his tenure. Prior to his appointment to NCRC, Jim was Senior Vice President for Financial Innovation, Planning, and Research for the Fannie Mae Foundation where he built one of the most prestigious housing and urban policy research centers in the U.S. He also served as Vice President for Housing Research at Fannie Mae, Assistant Director for Tax Policy and Federal Credit with the U.S. Senate Budget Committee, and Research Associate at the Center for Urban Policy Research at Rutgers University.

Jim has served as a Visiting Professor at Columbia University and an Executive Committee Member of Americans for Financial Reform. Jim has served on research or policy advisory boards at numerous colleges and universities, including Harvard University, University of California-Berkeley, and University of Pennsylvania. He is an Advisory Committee Member of the Federal Reserve Bank of San Francisco Center for Community Development Investments, an Advisory Board Member of the John Marshall Law School, and a Braintruster (blogger) for the Roosevelt Institute. Jim previously served on the Corporate Advisory Board of the Urban Financial Services Coalition and was an instructor for the Neighborhood Reinvestment Training Institute. Jim has also been an advisor to the Organization for Economic Cooperation and Development (OECD) Urban Affairs Project Group in Paris, France. Jim has served as an international advisor on financial modernization and housing finance in China, Mexico, Turkey, and Colombia. He has served on Congressional delegations to South Africa and Ghana on housing and economic development.

Jim has testified on numerous occasions before the United States Congress on issues related to the economy, housing markets, financial system regulatory reform, and wealth disparities and economic mobility. He is particularly recognized for his knowledge about and leadership on development of financial instruments and strategies to promote sustainable affordable home lending, inner-city community and economic development, and wealth creation for lower-income households.

Jim has appeared on CNN, CNBC, Bloomberg, MSNBC, FOX News, PBS, and a variety of local news stations in Washington, D.C., and New York. He has been interviewed on Newsweek on Air, Bloomberg Radio, and National Public Radio. Jim has been quoted and his research cited in various major newspapers including The Washington Post, USA Today, The New York Times, The Wall Street Journal, The Los Angeles Times, Associated Press, Reuters, and numerous additional media outlets.

Jim’s speeches have been awarded top honors, including the Best of the Best award by the International Association of Business Communicators. Jim is the founder and former editor of the scholarly journal Housing Policy Debate (now published by Routledge Publishers) which, during Jim’s 17 years as editor, was routinely rated one of the nation’s premier urban studies research journals by the Institute for Scientific Information. He also served for more than a decade as editor of the peer-reviewed publication Journal of Housing Research. Jim’s recent books include Replicating Microfinance in the United States and Segregation: The Rising Costs for America.

Jim has earned numerous professional and academic honors and awards. He was selected as a 2012 Closing the Racial Wealth Gap Fellow with the Insight Center for Community Economic Development and Op Ed Project, 2004 Aspen Institute Scholar, recipient of the 2003 Community Impact Award from the National Organization of Black County Officials, the 1998 Presidential Award from the National Association of Urban Bankers, and an Outstanding Achievement Award by the Neighborhood Reinvestment Training Institute in 1996. Jim holds a Bachelor of Architecture degree with honors from Hampton University, a Master of Urban Planning degree from Columbia University, and a Master of City and Regional Planning Degree from University of Pennsylvania.

Katrin B. Anacker, Ph.D.
Associate Professor, George Mason University, School of Policy, Government, and International Affairs

Katrin B. Anacker is an Associate Professor at George Mason’s School of Policy, Government, and International Affairs. She is the North American Editor of the International Journal of Housing Policy, the Review Editor of the Journal of Planning Education and Research, and the editor of the book The New American Suburb: Poverty, Race, and the Economic Crisis (Ashgate, 2015). Her research interests are housing, housing and urban policy, race and public policy, real estate markets, economic demographics, statistical methods, qualitative methods, and research writing.

Dr. Anacker’s work has been published in the Journal of Urban Affairs, Housing Policy Debate, Housing Studies, the International Journal of Urban and Regional Research, the International Journal of Housing Policy, Urban Geography, and Housing and Society. Her work has been supported by the U.S. Department of Housing and Urban Development, Lincoln Institute of Land Policy, Urban Land Institute, Center for Urban and Regional Analysis at The Ohio State University, Lambda Alpha International, and the Horowitz Foundation for Social Policy.

Professor Anacker received a Ph.D. in City and Regional Planning from The Ohio State University in 2006. Before joining GMU she was a Post Doctoral Fellow and Research Assistant Professor at the Metropolitan Institute at Virginia Tech in Alexandria, VA, where she served as Co-Editor of the academic journal Housing Policy Debate. She was also a Fulbright Fellow in 1997/98 at The Ohio State University.