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An Analysis of the Pattern of Mortgage Foreclosures in Lucas County, Ohio

Chen, Xueying
http://rave.ohiolink.edu/etdc/view?acc_num=toledo1289943122

Abstract Details

2010, Master of Arts, University of Toledo, Geography.
Many factors lead to mortgage default and foreclosure; however, few scholars have systematically examined how different characteristics contribute to mortgage foreclosure. This research uses multiple datasets from Lucas County, Ohio to examine some of these previously omitted or understudied aspects of the issue. Particular attention has been paid to each census tract’s housing and loan characteristics like housing prices and subprime loan counts, as well as to the socio-economic characteristics like, income level and other demographic characteristics. The study begins with descriptive statistics analysis, spatial autocorrelation analysis, and comparison of foreclosure patterns in the different time periods. OLS model, H-Robust model, and spatial regression models are used to explain the interaction between housing foreclosure and socio-economic characteristics, housing characteristics and loan characteristics. The study finds that foreclosures cluster in low to moderate income communities and inner-core cities, although suburban areas have seen an increase in recent years. As expected, loan characteristics are closely related to foreclosure patterns in Lucas County. Besides, average residential property values, median household income, and other factors also contribute to foreclosures in the Lucas County. The use of spatial models and H-Robust OLS has reduced some errors related to spatial dependence and heteroscedasticity between foreclosure and the selected variables. This study not only contributes to the literature and methodology in related topics, but also provides a better understanding of the relationship between socio-economic, housing and loan characteristics and foreclosure, and will assist in the creation of better policies to deal with the problem of foreclosure. At the end of the study, future studies of the issue are also discussed.
Daniel J. Hammel, PhD (Committee Chair)
Peter S. Lindquist, PhD (Committee Member)
Sujata Shetty, PhD (Committee Member)
Geographic Information Science; Geography; Urban Planning
mortgage foreclosure; spatial statistics; housing; Lucas County, Ohio;

Recommended Citations

Citations

  • Chen, X. (2010). An Analysis of the Pattern of Mortgage Foreclosures in Lucas County, Ohio [Master's thesis, University of Toledo]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=toledo1289943122

    APA Style (7th edition)

  • Chen, Xueying. An Analysis of the Pattern of Mortgage Foreclosures in Lucas County, Ohio. 2010. University of Toledo, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=toledo1289943122.

    MLA Style (8th edition)

  • Chen, Xueying. "An Analysis of the Pattern of Mortgage Foreclosures in Lucas County, Ohio." Master's thesis, University of Toledo, 2010. http://rave.ohiolink.edu/etdc/view?acc_num=toledo1289943122

    Chicago Manual of Style (17th edition)

toledo1289943122
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© 2010, all rights reserved.
This open access ETD is published by University of Toledo and OhioLINK.