Provides information about community reinvestment issues and practices.
- As the number of foreclosures continues to rise across the country, many policymakers are creating alternatives to foreclosure. Two counties in the Federal Reserve’s Fourth District#8212;Cuyahoga County in Ohio, which encompasses Cleveland, and Allegheny County in Pennsylvania, encompassing Pittsburgh#8212;have developed mediation and diversion programs aimed at mitigating the externalities associated with foreclosure, such as reduced property values and increased crime rates in surrounding neighborhoods. (PDF)
- New research from the Federal Reserve Bank of Cleveland investigates the extent to which social connections and context in poor neighborhoods determined the likelihood of high rates of subprime loans. Read more