[COMM-ORG] Special Call for Papers: Financial sector reform and communities of color
Discussion list for COMM-ORG
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Fri Mar 6 12:10:07 CST 2009
From: David Beckwith <dbeckwith at needmorfund.org>
For comm-org – I know it’s third hand, but commorgers should know about
From: Cris Doby [mailto:CDoby at mott.org]
Sent: Friday, March 06, 2009 10:16 AM
To: Cris Doby
Subject: FYI: Special Call for Papers
I'm forwarding this email I received in case any of your organizaitons
Representative Barney Frank just announced an aggressive agenda for the
financial services committee over the next month.
It is important that minority borrowers and neighborhoods are included
in the front-end of this thinking. We need our brightest and best minds
THINKING BEYOND THE MOMENT and looking at the impact any proposed
reforms will have on access to capital 30 to 5o years out. We know that
the demographics of the country are changing can we afford not to
consider the impact of financial and housing policy reform on future
generations of minority borrowers?
Attached is a call for papers for the 50th Anniversary edition of the
Journal for Intergroup Relations. I also hope that anyone who is
currently working on these issues will shoot me an email so that we can
try intervene in the current policy discussions.
Stella J. Adams
S J Adams Consulting
4128 Cobblestone Place
Durham, NC 27707
50th Anniversary Special Issue Call for Papers from
Journal of Intergroup Relations
The Journal of Intergroup Relations will celebrate its 50th anniversary
with a special issue devoted to examining the immediate and long term
ramifications of Financial Sector Reform on minority borrowers and
communities of color. The National Association of Human Rights Workers
(NAHRW) has published the Journal since 1959 and is especially
interested in manuscripts that address Financial Sector Reform in both
theoretical and practical ways.
Subprime and predatory loans have undermined minority homeownership and
wealth. United for a Fair Economy estimates that the total loss of
wealth for non-Whites will equal $164 billion to $213 billion for
The tightening of credit markets has reduced the opportunity of minority
parents to use home equity to provide for their children’s college
education making it more difficult for many minority students to attend
college. This is not a problem limited to low to moderate income
families. In fact, the majority of parents of black college students own
their own home, hold college or advance degrees and have professional or
managerial positions. Financial Sector Reform must explicitly address
access for minority communities.
The Journal is seeking papers which will answer the following questions
while addressing their immediate and long term implications for minority
1. What role did loose underwriting standards, risk layering, limited
documentation and high risk, complex mortgage products play in the
current crisis and how do we construct future underwriting standards and
products that provide access to affordable credit in a safe, sound and
2. What happened to the Rules of SAWS (Stability, Ability, Willingness
and Security) when evaluating a borrower’s qualification for a loan
product and ability to pay back their mortgage loan? What consumer
protection standards should be deployed to ensure borrowers understand
the loan contracts they sign?
3. Community Lending (CRA) worked for ten years – Then what happened?
4. What is the lenders responsibility in ensuring the right product for
the borrower? What standards of oversight should banks and aggregators
employ to ensure that brokers and loan officers strike the right balance
between borrower product needs and individual or lender profitability?
What tools or standards are necessary to protect borrowers from rogue
brokers and lenders who originate for profit without regard to borrower
credit capability? How can community groups act as watchdogs to call out
this behavior and protect consumers?
5. What is the future role of industry insurers (FHA and Private
Mortgage Insurance) in building a reliable mortgage secondary market?
What new standards of risk oversight, safe distribution and risk based
capital are necessary to bring investor trust and confidence back into
the securities industry while still allowing for creative new products?
How do we correct industry failures, while preserving the conventional
secondary market? What role should regulatory reform and enforcement
play in stabilizing the capital markets for mortgages?
6. What is the role of FNMA/FHLMC going forward? What is the right
balance between government ownership and the free market model to ensure
the safety and soundness of the U. S. Mortgage industry while making
affordable mortgage loans available to consumers?
MANUSCRIPT PREPARATION GUIDELINES
When preparing manuscripts, be sure to consult the 5th edition of the
Publication Manual of the American Psychological Association (APA).
Authors should allow for wide margins and double-space all material.
Tables, charts, and graphs if used should be camera-ready, clearly
labeled, and presented on a separate page. Footnotes and references
should follow the article. Final manuscripts normally should not be more
than 25 pages (including references, notes, and tables).
Each manuscript should include a title page with the following elements:
A. title of manuscript
B. author(s) name(s) and contact information, including email address is
C. short bio statement
D. history of manuscript (i.e., thesis, dissertation, or conference
The original manuscript or an electronic version formatted as a WORD
document should be sent to:
The Journal of Intergroup Relations
c/o NC Institute for Minority Economic Development
114 W. Main Street
Durham, NC 27707
(NOTE) Electronic submission is highly encouraged and should be sent to
Sadams7943 at aol.com. Inquiries about possible submissions are encouraged
and should be directed to the Editor at (919) 423-4130. Deadline for
appearing in this volume is June 1, 2009.
Upon receipt, each manuscript will be reviewed by the editor and/or
members of the Editorial Board within 3-5 weeks. Once published, authors
receive five complimentary copies of the issue of The Journal in which
their articles appear.
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