Keeping a Home: Changing Mortgage Markets and Regional Economic Distress

Abstract

In the relatively affluent post World War II period, homeownership in the United States has risen steadily to include an increasing segment of the working class. Although the extension of homeownership has helped to attenuate some of the inequalities of class and to integrate the more affluent segments of the working class into the social and political mainstream, economic and political events are threatening this historic trend. Dependent upon long term financing, homeownership has two components: keeping as well as buying a home. High and persistent rates of unemployment in old industrial areas have meant the loss of stable incomes for skilled workers, and with it, rising rates of home mortgage delinquency and foreclosure. To examine the threat to continued homeownership, this paper locates homeownership in its structural context, at the intersection of major changes in financial institutions (deregulation) as well as local economic and industrial change.

Our research suggests that regional economic difficulties are being exaccerbated by national deregulatory trends. We found that deregulation has facilitated a general movement from a local to a nonlocal mortgage market. This includes the growth and privatization of the secondary mortgage market and the repositioning of lenders in the local market. We found that delinquent homeowners with locally held and serviced mortgages were better able to negotiate forebearance with their lenders for reasons ranging from the ability to exert public pressure to the economic self-interest of local lenders. Except for FHA mortgages, delinquent homeowners with nonlocal mortgages were penalized. For blue collar workers, the loss of a home more than the loss of a job removes an important class buffer thus reversing a post World War II trend.     

Ultraviolet radiation in urban ecosystems with consideration of effects on human health

Excess exposure to ultraviolet radiation (UV) from the sun, particularly the ultraviolet B (UVB), is cited as a cause or contributing factor for deleterious effects on human health, including skin cancers and cataracts. Rates of skin cancer have increased greatly in recent years, and increased UVB caused by reductions in stratospheric ozone may be responsible for some of the increase in rates, though quantified estimates of the effect of the UVB changes on health have low certainty. UVB exposure also affects the function of the immune system, and the potential resulting effects on infectious diseases and immunizations are a concern. Epidemiological considerations suggest that peoples' routine exposure to UV in urban areas can be significant in adverse health effects, particularly for young children. Projected trends of ozone indicate that agreements to limit ozone-depleting substances are slowing the UVB increase, but high levels will continue and apparently impact health to the middle of the current century. Urban trees greatly reduce ultraviolet irradiance in their shade when they obscure both the sun and sky. Where trees or other structures obscure only the sun, leaving much of the sky in view, UVB irradiance will be greater than suggested by the visible shade. Since air pollutants influence the UVB above the canopy, and the overlying atmosphere is usually more polluted in urban than rural areas, additional above-canopy monitoring of UV in urban areas is needed for comparison to existing rural monitoring sites. Such monitoring would facilitate the development of computer models of urban effects on UV, which are needed for epidemiological investigations, public education, and urban planning.     

Quantifying urban forest structure,function, and value: the Chicago Urban Forest Climate Project

This paper is a review of research in Chicago that linked analyses of vegetation structure with forest functions and values. During 1991, the regions trees removed an estimated 5575 metric tons of air pollutants, providing air cleansing worth 9.2 million. Each year they sequester an estimated 315 800 metric tons of carbon. Increasing tree cover 10% or planting about three trees per building lot saves annual heating and cooling costs by an estimated 50 to 90 per dwelling unit because of increased shade, lower summertime air temperatures, and reduced neighborhood wind speeds once the trees mature. The net present value of the services trees provide is estimated as 402 per planted tree. The present value of long-term benefits is more than twice the present value of costs.     

Self-neglect: Implications for prosecutors

Historically, the view of elder mistreatment in the United States has been similar to that of child abuse and has been detrimental to the understanding of elder mistreatment. Until recently, there was little understanding of the complexity of elder mistreatment and the legal system lacked appropriate laws with which to handle this growing problem. Over the last two decades, legislation, laws, and criminal codes of conduct have been developed to tackle the problem of elder mistreatment. However, little knowledge or understanding of the public health problems and legal implications related to the most common form of elder mistreatment referred to Adult Protective Services (APS), elder self-neglect, is available. The growth of this national problem has expanded the role of the legal system and pushed the development of interdisciplinary research with the intent of defining and understanding the problem of self-neglect and with the ultimate goal of expanding intervention strategies. The Consortium for Research in Elder Self-Neglect of Texas (CREST) is the leader in this field and the pilot study suggests numerous medical and legal implications for both intervention and future research.     

The future of immigrant incorporation: Which models? Which concepts?

"The paper examines the usefulness of various theoretical approaches for understanding the causes and consequences of international migration in the 1990s. Extant ideas are considered in three periods, each with its own characteristic approach: the classical, represented by push and pull and assimilation perspectives; the modern, reflecting neo-Marxist and structured inequality perspectives; and emerging patterns in the literature, focusing on multiculturalism, social movements and citizenship." The geographical focus is on Europe and the United States.     

Moving forward: recommendations for advancing late-life polyvictimization practice,policy, and research

ABSTRACT

This article synthesizes what has been learned from the entire polyvictimization in later-life project and offers five categories of recommendations for addressing polyvictimization and its elderly victims through practice, policy, and research. These five recommendations relate to definitions and frameworks, practice, training and education, research and evidence-based interventions, and prevention. Specifically, this article focuses on changes to improve identification, development of policies and practices, and research priorities.     

Sending countries and the politics of emigration and destination

This article examines available means and activities of sending countries in their efforts to exert control over the "long-term temporary" emigration process. In the European case, the structure of migration has provided sending countries with ongoing channels for promoting their interests. In this picture the political dimensions of immigration are analyzed as epiphenomenal, dependent, or inconsequential. It is assumed that 1) state power directly correlates with economic power, and 2) economic and strategic power differences between states necessarily imply inequality in social and cultural terms. Although emigration may not serve the long-term "objective" interests of senders, it does provide a short-term safety value from the point of view of political managers. Both sending and receiving countries' interests are best served by a system of temporary labor migration, not permanent immigration. The receivers' ability to act according to narrow economic self-interest is restricted by a host of multilateral agreements that regulate and define the obligations and rights of the participants in international migration. Bilateral agreements not only specify the conditions of recruitment, employment, and family migration, they also provide a continuing basis for sending country influence throughout the migration process. Sending states that have a long history of emigration tend to have more developed and articulated emigration policies and commensurate institutional structures to channel and control the migration process in all stages--leaving, working abroad, and returning. The reluctance of Europe's immigrants to serve their social and political ties to their countries of origin is reinforced by the sending countries' activities aimed at insuring the continued long-term but temporary nature of migration.     

Migration,international relations and the new Europe: theoretical perspectives from institutional political sociology

The author examines the sociopolitical effects of recent political transformations in Eastern and Central Europe and the formation of the European Community on migration and international relations. Some policy implications are discussed.