No. 78, Fall 2011> > > >
The American Mortgage System: Crisis and Reform, published recently by the University of Pennsylvania Press, focuses on the causes of the housing market collapse and proposes solutions to prevent another mortgage meltdown.
The book was edited by Susan M. Wachter, a professor at the University of Pennsylvania and co-director of the Penn Institute for Urban Research, and Marvin M. Smith, community development research advisor at the Federal Reserve Bank of Philadelphia. The book contains chapters based on papers presented at the 2010 conference on “Rethink. Recover. Rebuild. Reinventing Older Communities.” Information on the book is available at
Complete Issue (PDF, 1.35 MB, 20 pages)
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Federal Reserve Bank of Philadelphia
Community Development Studies & Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574
(215) 574-6037 – phone
(215) 574-2512 – fax