archive-edu.com » EDU » U » UNC.EDU

Total: 552

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Regaining the Dream — UNC Department of City & Regional Planning
    It is critical that we understand what went wrong Otherwise misguided strategies such as requiring a 20 percent down payment threaten to undermine recovery by shutting out huge segments of potential homeowners unnecessarily he said Fortunately we have 46 000 families and a decade of research to show us how to do it right Policymakers and regulators face critical decisions to implement The Dodd Frank Wall Street Reform and Consumer Protection Act of July 2010 and determine the future role and structure of Fannie Mae and Freddie Mac The book provides historical background facts and data to inform decision makers of how both can be used to create a more resilient housing finance system that ensures broad access to mortgage credit while minimizing risk Regaining the Dream documents the experience of thousands of low income families who obtained traditional 30 year fixed rate home loans in the decade leading up to the foreclosure crisis through a demonstration program called the Community Advantage Program CAP Ninety five percent of those borrowers made their payments successfully despite the Great Recession and experienced median home equity growth of 23 000 They had been unable to obtain home loans from traditional lenders because of their low incomes and assets CAP borrowers had median annual household incomes of 30 792 70 percent had down payments of less than 5 percent 90 percent did not meet at least one of three traditional criteria loan to value ratio of 90 percent or less debt to income ratio of 38 percent or less credit score of 640 or above Their successful repayment experience was based on several key elements researchers said Sound mortgage products CAP borrowers obtained fixed rate mortgages with fair terms Sensible underwriting and servicing Lenders carefully underwrote the loans to ensure they could be repaid

    Original URL path: http://planning.unc.edu/news/regainingthedream (2015-06-03)
    Open archived version from archive


  • Case studies in the right way to make home loans — UNC Department of City & Regional Planning
    performance of the Self Help loans says about the mortgage market Our evidence suggests that if you do the lending right it s more likely to be sustainable than if you don t The mortgage someone gets can amplify or minimize whatever risks that particular borrower may have On the keys to making a sound mortgage To us it s not rocket science The first one is a sound mortgage product We are a firm believer in fixed rate mortgages The second is the writing and servicing We find in our research that what the lender does at the origination and after origination makes a difference issues such as documented income reasonable fees upfront proper underwriting the appropriate incentives for everyone involved in the transaction are all important And then after the loan is originated we find that proactive servicing makes a difference Lenders have learned this I think the hard way over the last few years If you contact a borrower who is one week late with the check to find out what happened you re more likely to have the borrower catch up with payments On the importance of the down payment in making a sound mortgage Evidence suggests that even borrowers who have a fraction of the 20 percent down payment have continued to be responsible borrowers So there is something beyond the down payment that makes for a good or a bad loan so it seems If a low income or working family wants to buy a house for them maybe 5 000 will be a lot of skin in the game So there is something beyond the percentage that makes people work two jobs and do the utmost to stay afloat and pay the mortgage Yes we know from research for a decade that the size of the down payment makes a difference But we also know from research including our own that there are other things beyond the down payment that are important and some cases more important I m not saying the down payment is not important It s just not the only thing On who should and should not be homeowners There are some people that are not ready to buy a house and other people are never going to be ready to buy a house And some people really don t want to buy a house One of the things we feel very strongly about is the statement that we don t think homeownership is for everybody But there s a very big jump from making that statement to restricting credit in a way that is not only bad for consumers but bad for business We know how to do this kind of lending We ve been doing this for decades On what a reformed mortgage market in the U S should look like The one thing I would say is not to generalize at a time of crisis At the moment markets are nonfunctioning The fact that nine out of

    Original URL path: http://planning.unc.edu/news/homeloancasestudy (2015-06-03)
    Open archived version from archive

  • Platanusacerifolia2700.jpg — UNC Department of City & Regional Planning
    People Career Services News About DCRP Contact Us Support DCRP Home News Platanusacerifolia2700 jpg Search Site only in current section Calendar Text Increase font size Decrease font size Info Click to view full size image Size 63 8 kB Document Actions Send this Print this The Department of City and Regional Planning New East Building CB 3140 UNC CH Chapel Hill NC 27599 3140 phone 919 962 3983 fax 919

    Original URL path: http://planning.unc.edu/news/Platanusacerifolia2700.jpg/view (2015-06-03)
    Open archived version from archive

  • Platunusxacerifolia1.jpg — UNC Department of City & Regional Planning
    People Career Services News About DCRP Contact Us Support DCRP Home News Platunusxacerifolia1 jpg Search Site only in current section Calendar Text Increase font size Decrease font size Info Click to view full size image Size 13 9 kB Document Actions Send this Print this The Department of City and Regional Planning New East Building CB 3140 UNC CH Chapel Hill NC 27599 3140 phone 919 962 3983 fax 919

    Original URL path: http://planning.unc.edu/news/Platunusxacerifolia1.jpg/view (2015-06-03)
    Open archived version from archive

  • PlatanusAcerifoliasm.jpg — UNC Department of City & Regional Planning
    People Career Services News About DCRP Contact Us Support DCRP Home News PlatanusAcerifoliasm jpg Search Site only in current section Calendar Text Increase font size Decrease font size Info Click to view full size image Size 16 6 kB Document Actions Send this Print this The Department of City and Regional Planning New East Building CB 3140 UNC CH Chapel Hill NC 27599 3140 phone 919 962 3983 fax 919

    Original URL path: http://planning.unc.edu/news/PlatanusAcerifoliasm.jpg/view (2015-06-03)
    Open archived version from archive

  • The Roman Roots of Gotham's London Plane — UNC Department of City & Regional Planning
    tolerant of pollutants and pruning untroubled by pathogens or insect pests In the 19th century it became the public tree of choice in many European capitals first in London then Paris it was Haussmann s favorite later Rome Platanus orientalis was well known to the Romans Pliny devoted several pages to it in his Natural History claiming the tree grew best with wine Thus we have taught even our trees to be wine drinkers The London plane was a later arrival planted in great numbers by King Umberto I after Unification in 1870 By 1900 it was the most common street tree in Rome constituting 35 of the urban forest the storied Pinus pinea made up only 1 Respighi s Pines of Rome notwithstanding the Italian capital is really a city of planes It was via Rome that the plane came to have such universal presence in New York The conduit was Michael Rapuano a young landscape architect with Italian roots of his own Son of Neapolitan immigrants Rapuano studied landscape architecture at Cornell University and in 1927 won a coveted Rome Prize fellowship at the American Academy in Rome He noted planes in his travels around Europe and knew well the great trees shading Roman thoroughfares near the academy on the Janiculum and Viale di Trastevere and along the Tiber A latter day Xerxes Rapuano fell in love with the plane and carried his affections back to New York Upon returning from Europe in 1930 Rapuano took a job with Gilmore D Clarke of the Westchester County Park Commission A brilliant designer he soon became Clarke s right hand man Westchester was then the envy of city planners world wide having built the first parkways and park system of the motor age Robert Moses so admired the Westchester model that he replicated it on Long Island and in 1934 recruited Clarke to lead his New Deal funded reconstruction of the city parks Clarke in turn deputized Rapuano to head the Department of Landscape Design an elite skunk works charged with system wide park planning and design The five person staff included two other Rome Prize recipients Thomas D Price who was at the academy with Rapuano and Richard C Murdock a Cornell classmate From their pooled expertise Rapuano distilled a lean and spare public works Baroque style that proved well suited for urban parks and playgrounds Clarke and Moses standardized these innovations to create a uniform park design identity for the entire city Though U S landscape architects had long mined the Renaissance to create sumptuous private estates Rapuano was among the first to use an Italianate lexicon for the design of public parks He quoted freely from the great villas The curving cordonate or stair ramps at Carl Schurz Park and Dinosaur Playground refer to those at the Villa d Este in Tivoli which Rapuano measured and drew and at the Villa Farnese at Caprarola documented by another Cornellian and Rome Prize winner Ralph E Griswold Rapuano s

    Original URL path: http://planning.unc.edu/news/camplondon (2015-06-03)
    Open archived version from archive

  • Risk, Access and the Future of Homeownership — UNC Department of City & Regional Planning
    Carolina at Chapel Hill s Center for Community Capital invite you to join an esteemed panel for a deeper exploration of how the relationships between the lending industry government and borrowers worked in the past decade and how it can be revived and reformed for coming generations About This Event Millions of Americans have lost their homes since the start of the Great Recession By the middle of 2010 4 6 percent of U S home mortgages were in foreclosure three times the rate seen at the height of the Great Depression In light of proposed regulations and the president s proposal to revive the housing market the conversation about the critical needs for the industry and individuals is vital to turning knowledge into policy that will rebuild a system that preserves access to credit while ensuring lenders can continue to do business Professor Quercia begins speaking at 25 30 Keynote speaker Sen Kay Hagan D NC Introduction by Sarah Rosen Wartell Executive Vice President Center for American Progress Featured speakers Roberto G Quercia Director UNC Center for Community Capital Co author Regaining the Dream Judith S Jacobson Deputy Director and General Counsel Massachusetts Housing Partnership Vijay Lala Home Loans

    Original URL path: http://planning.unc.edu/news/quercia-cap (2015-06-03)
    Open archived version from archive

  • divided700.jpg — UNC Department of City & Regional Planning
    People Career Services News About DCRP Contact Us Support DCRP Home News divided700 jpg Search Site only in current section Calendar Text Increase font size Decrease font size Info Click to view full size image Size 21 7 kB Document Actions Send this Print this The Department of City and Regional Planning New East Building CB 3140 UNC CH Chapel Hill NC 27599 3140 phone 919 962 3983 fax 919

    Original URL path: http://planning.unc.edu/news/divided700.jpg/view (2015-06-03)
    Open archived version from archive



  •