Underwater America

Peter Dreier, Saqib Bhatti, Rob Call, Alex Shwartz and Gregory Squires

Measuring how communities have recovered from the national foreclosure crisis, the Haas Institute at the University of California, Berkeley, has analyzed the concentration of underwater homes by race and income. The findings reveal geographic “hotspots” of underwater homes and how the legacy of predatory lending has concentrated these homes in African American and Latino communities. The report recommends a range of loan restructuring strategies to assist severely impacted communities.

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