Racial Dimensions of the Foreclosure Crisis
Nov 18, 2010
Douglas Massey, the Henry G. Bryant Professor of Sociology and Public Affairs at the Woodrow Wilson School, presented a public lecture titled, "Racial Dimensions of the Foreclosure Crisis," at 4:30 p.m. on Thursday, November 18, in Bowl 016, Robertson Hall. The event is the second in a series of lectures in the School's Race and Public Policy series. Massey’s discussion stemmed from a recent report published in the October 2010 issue of American Sociological Review titled, “Racial Segregation and the American Foreclosure Crisis,” which he co-authored with Woodrow Wilson School Ph.D. candidate Jacob Rugh. In it the authors assert that while the rise in subprime lending and the ensuing wave of foreclosures was partly a result of market forces that have been well-documented, the foreclosure crisis was also a highly racialized process. A copy of the report and a summary can be found at http://wws.princeton.edu/news/Massey_Rugh_Foreclosure/.