WorldCat Identities

Snowden, Kenneth A.

Overview
Works: 14 works in 62 publications in 1 language and 1,086 library holdings
Genres: History  Academic theses  Popular music 
Roles: Editor, Author
Classifications: HG3729.U5, 332.7220973
Publication Timeline
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Most widely held works by Kenneth A Snowden
Well worth saving : how the new deal safeguarded home ownership by Price Van Meter Fishback( )

10 editions published in 2013 in English and held by 475 WorldCat member libraries worldwide

"Well Worth Saving tells the story of the disastrous housing market during the Great Depression and the extent to which an immensely popular New Deal relief program, the Home Owners' Loan Corporation (HOLC), was able to stem foreclosures by buying distressed mortgages from lenders and refinancing them. Drawing on historical records and modern statistical tools, Price Fishback, Jonathan Rose, and Kenneth Snowden investigate important unanswered questions to provide an unparalleled view of the mortgage loan industry throughout the 1920s and early '30s. Combining this with the stories of those involved, the book offers a clear understanding of the HOLC within the context of the housing market in which it operated, including an examination of how the incentives and behaviors at play throughout the crisis influenced the effectiveness of policy."--
Housing and mortgage markets in historical perspective( Book )

8 editions published in 2014 in English and held by 283 WorldCat member libraries worldwide

The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have previous policy interventions either damaged or improved long-run market performance and stability? This volume begins to answer these questions, providing a much-needed context for understanding recent events by examining how historical housing and mortgage markets worked and how they sometimes failed. Renowned economic historians Eugene N. White, Kenneth Snowden, and Price Fishback survey the foundational research on housing crises, comparing that of the 1930s to that of the early 2000s in order to authoritatively identify what contributed to each crisis. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played in the surge in home ownership between 1940 and 1960. By providing a broad historical overview of housing and mortgage markets, the volume offers valuable new insights to inform future policy debates
Covered farm mortgage bonds in the late nineteenth century U.S. by Kenneth A Snowden( )

7 editions published in 2010 in English and held by 68 WorldCat member libraries worldwide

"Covered mortgage bonds have been used successfully in Europe for two centuries, but failed in the U.S. when introduced as farm mortgage debentures in the 1880s. Using firm-level data and a sample of loans made by one Kansas mortgage company, I find that debenture programs grew out of established loan brokerage operations and were used to fund mortgages that were difficult to broker because of size, term or risk characteristics. Debentures broadened access to the interregional mortgage market and facilitated an expansion of western farm mortgage debt before the innovation failed in the mortgage crisis of the 1890s"--National Bureau of Economic Research web site
Repairing a mortgage crisis : HOLC lending and its impact on local housing markets by Charles Joseph Courtemanche( )

7 editions published in 2010 in English and held by 67 WorldCat member libraries worldwide

The Home Owners' Loan Corporation purchased more than a million delinquent mortgages from private lenders between 1933 and 1936 and refinanced the loans for the borrowers. Its primary goal was to break the cycle of foreclosure, forced property sales and decreases in home values that was affecting local housing markets throughout the nation. We find that HOLC loans were targeted at local (county-level) housing markets that had experienced severe distress and that the intervention increased 1940 median home values and homeownership rates, but not new home building
The anatomy of a residential mortgage crisis : a look back to the 1930s by Kenneth A Snowden( )

7 editions published in 2010 in English and held by 63 WorldCat member libraries worldwide

Looking back to the 1930s provides the opportunity to examine one severe mortgage crisis as we live through another. This paper examines the development of the residential mortgage market during the 1920s, the institutional disruptions that occurred in the 1930s and the policy response of federal and state governments. The crisis reshaped the structure and development of the residential mortgage market and led to a postwar system in which portfolio lenders dominated both local and interregional markets. Some pre-1930 innovations-mortgage insurance and high-leverage, affordable loans-were written into federal programs and became part of the new system. But early experiments and proposals for securitization did not survive the 1930s and the implementation of this innovation was delayed for forty years
The New Deal and the origins of the modern American real estate loan contract by Jonathan Derek Rose( )

7 editions published in 2012 in English and held by 62 WorldCat member libraries worldwide

Abstract: The introduction of the direct reduction (fully-amortized) loan contract to the U.S. residential mortgage market is an important instance of financial innovation. We describe the adoption of this contract within the building and loan (B & L) industry beginning in the 1880s and culminating in the 1930s. A long chain of complementary innovations at B & Ls gradually reduced the costs of adoption, leading to moderate use by the 1920s. The poor performance of traditional contracts during the crisis of the 1930s then radically altered the adoption calculus. At this point a new system of federal savings and loan charters incorporated many of the innovations that had been adopted within the small segment of the B & L industry that had introduced direct reduction lending by the 1920s. The B & L transition in mortgage contracts occurred primarily in the conventional loan market because B & Ls, unlike other lenders, generally avoided the use of the new FHA insurance program
Forbearance by Contract How Building and Loans Mitigated the Mortgage Crisis of the 1930s by Sebastián Fleitas( )

4 editions published in 2015 in English and held by 47 WorldCat member libraries worldwide

During the Great Depression, Building and Loans (B & Ls), the leading home lenders, had a structure that mitigated the crisis. Borrowers were owners of the B & L and dissolution of the institution required a two-thirds majority vote. Using panel data from New Jersey in the 1930s, we find that this voting rule delayed dissolution by about one year. The year delay allowed one-fourth of the borrowers in the at-risk B & L to pay off their loans, but nonborrowers lost share value. The net loss was roughly -0.67 percent of the value of all New Jersey B & L assets in the mid-1930s
Collateral damage : the impact of foreclosures on new home mortgage lending in the 1930s by Price Van Meter Fishback( )

3 editions published in 2018 in English and held by 12 WorldCat member libraries worldwide

Foreclosures led to severe disruptions in home mortgage lending during the recent Great Recession and the Great Depression of the 1930s. It is difficult to measure these impacts in the modern market where origination, funding and servicing are separated within complex lending structures, but during the 1930s local building & loans (B&Ls) combined all three functions. We measure the impact of foreclosures on new mortgage lending using a panel of all B&Ls in 4 states. The foreclosure overhang explains about 30 percent of the drop in new mortgage lending by B&Ls as the housing crisis intensified between 1930 and 1935
Three essays on the American Capital market, 1870-1913 by Kenneth A Snowden( )

4 editions published in 1984 in English and held by 4 WorldCat member libraries worldwide

The evolution of interregional mortgage lending channels, 1870-1940: the life insurance-mortgage company connection by Kenneth A Snowden( )

1 edition published in 1995 in English and held by 1 WorldCat member library worldwide

Modeling inequality in a resource-scarce open economy : Britain in the 19th century by Jeffrey G Williamson( Book )

1 edition published in 1980 in English and held by 1 WorldCat member library worldwide

Mortgage banking in the United States, 1870-1940 by Kenneth A Snowden( Book )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

"Taken in concert with two previously written volumes on the mortgage industry that highlight the immediate post-World War II era and the 1963-1972 period, this study accounts for nearly a century of mortgage banking progress and activity in America. What emerges is a picture of a highly differentiated industry in the 1920s that began to focus more narrowly on federally sponsored mortgage products and a single funding channel during the 1930s and in the immediate post-World War II period, and then transitioned yet again to a more diverse business model by the mid-1960s"--Http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2349189 (as viewed on March 17, 2015)
Kenneth Snowden Piano Roll Collection( Recording )

and held by 1 WorldCat member library worldwide

The collection contains original and recut piano rolls issued under QRS, Hollywood, Imperial, Eighty-Eight Note, United States Music Company, and other labels of the period. Pianists and piano roll editors include J. Lawrence Cook, Max Korlander, Pete Wendling, Adam Ramet, and Armand Muth among others within the popular music genre. For further detailed information on the piano rolls within this collection, please refer to the draft inventory provided
Housing and mortgage markets in historical perspective( )

1 edition published in 2014 in English and held by 1 WorldCat member library worldwide

 
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Alternative Names
Snowden, Kenneth.

Snowden, Kenneth (Kenneth A.)

Languages
English (61)