Sage has published the second edition of the Encyclopedia of Housing. Professor of Urban Studies and Law Dennis Keating served on the editorial board for this publication and authored two of its entries, those on Displacement and Community Development Corporations.
In addition, on June 28 at the Federal Reserve Bank of Cleveland’s 2012 Policy Summit on Housing, Human Capital, and Inequality, Professor Keating moderated the panel on “Lending and Loss Mitigation: Towards a Stronger Housing Market”. Panelist Andrea Ghent (CUNY- Baruch College) convincingly refuted the (conservative) argument that federal affordable housing legislation was a major cause of the subprime mortgage boom that led to the housing bubble bursting. Mary Weselcouch (NYU – Furman Center for Real Estate and Urban Policy) analyzed determinents of the incidence of mortgage loan modification, arguing that, so far, problems continue with the federal programs and the participating lenders. Lei Ding (Wayne State – Department of Urban Studies) analyzed loss mitigation practices by mortgage loan servicers in “soft” housing markets like Detroit. Difficulties remain with those facing foreclosure trying to get the loan servicers to respond positively, especially in a weak market like Detroit.