Patricia A. McCoy

Boston College Law School

Liberty Mutual Insurance Professor

885 Centre Street

Newton, MA 02459-1163

United States

  • Boston College Law School

SCHOLARLY PAPERS

37

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10,426

SSRN CITATIONS
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Top 7,811

in Total Papers Citations

33

CROSSREF CITATIONS

114

Scholarly Papers (37)

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1.

Systemic Risk through Securitization: The Result of Deregulation and Regulatory Failure

Connecticut Law Review, Vol. 41, p. 493, May 2009
Number of pages: 49 Posted: 26 Mar 2009 Last Revised: 16 May 2012
Patricia A. McCoy, Andrey D. Pavlov and Susan M. Wachter
Boston College Law School, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 1,824 (9,420)
Citation 1

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Securitization, credit default swap, subprime, mortgage, asset bubble

2.

A Tale of Three Markets: The Law and Economics of Predatory Lending

Texas Law Review, Vol. 80, No. 6, p. 1255, 2002
Number of pages: 113 Posted: 11 Oct 2001 Last Revised: 24 Oct 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 1,576 (11,874)
Citation 20

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Predatory lending, subprime mortgages, lending discrimination

3.

Turning a Blind Eye: Wall Street Finance of Predatory Lending

Fordham Law Review, Vol. 75, p. 2039, 2007
Number of pages: 65 Posted: 22 Jun 2006 Last Revised: 24 Oct 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 1,424 (13,966)
Citation 1

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subprime, predatory lending, securitization, lemons problem

4.

State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms

Journal of Economics and Business, Vol. 60, p. 47, 2008
Number of pages: 47 Posted: 10 Aug 2007 Last Revised: 26 Oct 2012
Raphael W. Bostic, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross and Susan M. Wachter
Federal Reserve Bank of Atlanta, Suffolk University Law School, Boston College Law School, Marquette University - Dept. of Finance and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 860 (29,517)
Citation 13

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Subprime lending, enforcement mechanisms, predatory lending, anti-predatory lending laws, mortgage lending, homeownership

5.

The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps

THE SUBPRIME VIRUS: RECKLESS CREDIT, REGULATORY FAILURE, AND NEXT STEPS, Oxford University Press, 2011
Number of pages: 32 Posted: 18 Feb 2011 Last Revised: 15 Mar 2011
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 581 (50,211)

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subprime, bank regulation, mortgage, financial crisis, predatory lending, consumer, financial reform, housing, securitization, rating agencies, investment banks, bonds, swaps, FDIC, OCC, OTS, Federal Reserve, SEC

6.

Regulating Entities and Activities: Complementary Approaches to Nonbank Systemic Risk

92 Southern California Law Review 1455 (2019)
Number of pages: 76 Posted: 03 Sep 2018 Last Revised: 16 Dec 2019
Jeremy C. Kress, Patricia A. McCoy and Daniel Schwarcz
University of Michigan, Stephen M. Ross School of Business, Boston College Law School and University of Minnesota Law School
Downloads 471 (65,281)
Citation 4

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Systemic Risk, Financial Stability, Financial Stability Oversight Council, Nonbank Financial Companies, Entity-Based Regulation, Activities-Based Regulation

7.

The CRA Implications of Predatory Lending

Fordham Urban Law Journal, Vol. 29, p. 1571, 2002
Number of pages: 39 Posted: 25 Jun 2002 Last Revised: 09 Jan 2013
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 379 (84,535)
Citation 6

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CRA, Community Reinvestment Act, predatory lending, subprime lending

8.

Rethinking Disclosure in a World of Risk-Based Pricing

Harvard Journal on Legislation, Vol. 44, 2007
Number of pages: 78 Posted: 21 Dec 2006
Patricia A. McCoy
Boston College Law School
Downloads 365 (88,324)

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subprime, predatory lending, risk-based pricing, disclosures, Truth in Lending Act

9.

Mortgage Product Substitution and State Anti-Predatory Lending Laws: Better Loans and Better Borrowers?

U of Penn, Inst for Law & Econ Research Paper No. 09-27
Number of pages: 51 Posted: 26 Aug 2009 Last Revised: 24 Oct 2012
Raphael W. Bostic, Souphala Chomsisengphet, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross and Susan M. Wachter
Federal Reserve Bank of Atlanta, Office of the Comptroller of the Currency (OCC), Suffolk University Law School, Boston College Law School, Marquette University - Dept. of Finance and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 308 (106,735)
Citation 13

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Real estate, mortgages, housing, abusive lending, predatory lending, mortgage products, product substitution, adjustment to prohibition

10.

Predatory Lending and Community Development at Loggerheads

FINANCING LOW INCOME COMMUNITIES: MODELS, OBSTACLES, AND FUTURE DIRECTIONS, Russell Sage, 2007
Number of pages: 47 Posted: 21 Mar 2005 Last Revised: 25 Oct 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 266 (124,736)

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predatory lending, community development, Community Reinvestment Act

11.

The Legal Infrastructure of Subprime and Nontraditional Home Mortgages

BORROWING TO LIVE: CONSUMER AND MORTGAGE CREDIT REVISITED, Nicolas P. Retsinas, Eric S. Belsky, eds., Joint Center for Housing Studies, Harvard University, James A. Johnson Metro Series, Brookings Institution Press, November 2008
Number of pages: 59 Posted: 14 Sep 2009
Patricia A. McCoy and Elizabeth Renuart
Boston College Law School and National Consumer Law Center
Downloads 230 (144,381)
Citation 8

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mortgage, subprime, nontraditional mortgage, preemption, consumer credit, servicing, banking regulators, adjustable-rate mortgage

12.

Representations and Warranties: Why They Did Not Stop the Crisis

Evidence and Innovation in Housing Law and Policy (L. Fennell & B. Keys, eds., Cambridge University Press, 2017 Forthcoming)
Number of pages: 46 Posted: 02 Jun 2016 Last Revised: 08 Jul 2016
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 194 (169,493)
Citation 2

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Representations and warranties; put-back claims; buyback claims; repurchase claims; access to credit; procyclicality

13.

Federal Preemption and Consumer Financial Protection: Past and Future

Banking & Financial Services Policy Report, Vol. 3, p. 25, March, 2012
Number of pages: 20 Posted: 14 Nov 2012
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 174 (186,745)
Citation 1

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14.

Barriers to Foreclosure Prevention During the Financial Crisis

55 Arizona Law Review 723 (2013)
Number of pages: 51 Posted: 22 Apr 2013 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 170 (190,604)

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loan modification, loss mitigation, foreclosure prevention, foreclosure, delinquent loans

15.

The Home Mortgage Foreclosure Crisis: Lessons Learned

Homeownership Built to Law: Balancing Access, Affordability, and Risk After the Housing Crisis (Eric S. Belsky, Christopher E. Herbert, & Jennifer H. Molinsky, eds., Brookings Institution Press, 2014)
Number of pages: 47 Posted: 22 Apr 2013 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 157 (203,892)
Citation 3

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foreclosure, loan modification, loss mitigation, foreclosure prevention, delinquent loans

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consumer protection, subprime, regulatory failure, bank regulation

17.

The Consumer Financial Protection Bureau: Financial Regulation for the Twenty-First Century

Cornell Law Review, Vol. 97, No. 5, 2012
Number of pages: 37 Posted: 16 Jul 2016
Len Kennedy, Patricia A. McCoy and Ethan Bernstein
Independent, Boston College Law School and Harvard Business School - Organizational Behavior
Downloads 125 (244,553)

Abstract:

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Consumer Financial Protection Bureau, consumer financial protection, evidence-based regulation

18.

Activities Are Not Enough!: Why Nonbank SIFI Designations Are Essential to Prevent Systemic Risk

Forthcoming, Systemic Risk in the Financial Sector: Ten Years After the Great Crash (Douglas W. Arner, Emilios Avgouleas, Danny Busch, & Steven L. Schwarcz, eds., 2019)
Number of pages: 19 Posted: 25 Oct 2018 Last Revised: 15 Nov 2018
Jeremy C. Kress, Patricia A. McCoy and Daniel Schwarcz
University of Michigan, Stephen M. Ross School of Business, Boston College Law School and University of Minnesota Law School
Downloads 104 (279,133)

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Systemic Risk, Financial Stability, Financial Stability Oversight Council, Financial Stability Board, Nonbank Financial Companies, Entity-Based Regulation, Activities-Based Regulation

19.

Systemic Risk Oversight and the Shifting Balance of State and Federal Authority Over Insurance

5 U.C. Irvine Law Review 1389-1441 (2015)
Number of pages: 55 Posted: 12 Jan 2015 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 102 (282,886)

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systemic risk, insurance regulation, solvency regulation, state-based regulation

20.

The Performance of New Private-Label Mortgage Loan Modifications after 2009

Number of pages: 54 Posted: 06 Jul 2012
Arthur Acolin, Ren S. Essene, Min Hwang, Jacob Liebschutz, Patricia A. McCoy, Jessica Russell and Susan M. Wachter
University of Washington - College of Built Environments, Independent, George Washington University - Department of Finance, Harvard University - Harvard Kennedy School (HKS), Boston College Law School, Independent and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 102 (282,886)
Citation 1

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mortgage, loan modification

21.

Inside Job: The Assault on the Structure of the Consumer Financial Protection Bureau

103 Minnesota Law Review 2543
Number of pages: 73 Posted: 10 Dec 2018 Last Revised: 23 Sep 2019
Patricia A. McCoy
Boston College Law School
Downloads 95 (296,327)

Abstract:

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Consumer Financial Protection Bureau, consumer financial protection

22.

The Faulty Foundation of the Draft Restatement of Consumer Contracts

36 Yale Journal on Regulation 447 (2019)
Number of pages: 24 Posted: 08 Feb 2019
Adam J. Levitin, Nancy S. Kim, Christina L. Kunz, Peter Linzer, Patricia A. McCoy, Juliet M. Moringiello, Elizabeth Renuart and Lauren E. Willis
Georgetown University Law Center, California Western School of Law, Mitchell Hamline School of Law, University of Houston Law Center, Boston College Law School, Widener University - Commonwealth Law School, National Consumer Law Center and Loyola Law School Los Angeles
Downloads 88 (311,023)

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23.

Brief of Amici Curiae Consumer Financial Regulation Scholars in Support of Plaintiff-Appellant Leandra English, English v. Trump, No. 18-5007 (D.C. Cir.)

Number of pages: 46 Posted: 12 Feb 2018
Adam J. Levitin, Patricia A. McCoy, Kathleen C. Engel and Dalié Jiménez
Georgetown University Law Center, Boston College Law School, Suffolk University Law School and University of California, Irvine School of Law
Downloads 78 (334,447)

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Consumer Financial Protection Bureau, succession, agency independence

24.

Why Cyclicality Matters to Access to Mortgage Credit

Boston College Journal of Law and Social Justice, Vol. XVII, Forthcoming
Number of pages: 43 Posted: 04 Jan 2017 Last Revised: 10 Mar 2017
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 73 (347,406)

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Countercyclical Regulation, Housing Bubbles, Credit Bubbles, Access to Mortgage Credit

25.

Countercyclical Regulation and Its Challenges

47 Arizona State Law Journal 1181 (2015)
Number of pages: 57 Posted: 23 Feb 2015 Last Revised: 08 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 71 (352,764)
Citation 3

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macroprudential regulation, systemic risk, countercyclical regulation, financial crisis

26.

Knightian Uncertainty, Systemic Risk Regulation, and the Limits of Judicial Review

Number of pages: 43 Posted: 03 Apr 2017
Patricia A. McCoy
Boston College Law School
Downloads 63 (375,679)

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systemic risk, systemically risky, SIFI, financial contagion

27.

Keeping Tabs on Financial Innovation: Product Identifiers in Consumer Financial Regulation

18 North Carolina Banking Institute Journal 195 (Special Ed. 2013)
Number of pages: 36 Posted: 31 Aug 2013 Last Revised: 08 Jul 2016
Daniel Carpenter and Patricia A. McCoy
Harvard University and Boston College Law School
Downloads 54 (404,782)

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Financial innovation, product identifiers, numeraire typology

28.

Coalescence in the Housing Finance Reform Debate?

6 Penn Wharton Public Policy Initiative Issue Brief No. 4, June 2016
Number of pages: 8 Posted: 14 Jul 2016 Last Revised: 02 Aug 2016
Susan M. Wachter and Patricia A. McCoy
University of Pennsylvania - Wharton School, Department of Real Estate and Boston College Law School
Downloads 52 (411,647)

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Housing finance reform, Government Sponsored Entities

29.

From Credit Denial to Predatory Lending: The Challenge of Sustaining Minority Homeownership

SEGREGATION: THE RISING COSTS FOR AMERICA (James H. Carr & Nandinee Kutty, eds., Routledge, 2008)
Number of pages: 44 Posted: 05 Sep 2007 Last Revised: 23 Aug 2016
Kathleen C. Engel and Patricia A. McCoy
Suffolk University Law School and Boston College Law School
Downloads 51 (415,130)

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homeownership sustainability, lending discrimination, subprime, predatory lending

30.

Why the Ability-to-Repay Rule is Vital to Financial Stability

Boston College Law School Legal Studies Research Paper No. 510
Number of pages: 66 Posted: 05 Sep 2019 Last Revised: 10 Jun 2020
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 48 (426,048)

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financial stability, systemic risk, housing bubbles, ability-to-repay rule, mortgages, Dodd-Frank Act, sectoral tools

31.

Has the Mortgage Pendulum Swung Too Far? Reviving Access to Mortgage Credit

Number of pages: 30 Posted: 08 Mar 2017
Patricia A. McCoy
Boston College Law School
Downloads 46 (433,625)

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Access to credit, mortgage, wealth inequality, wealth-building

32.

Degrees of Intermediation

50 Wake Forest Law Review 551 (2015)
Number of pages: 28 Posted: 08 Jun 2015 Last Revised: 08 Feb 2016
Patricia A. McCoy
Boston College Law School
Downloads 42 (449,463)

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Financial intermediation, disintermediation, retirement, pensions, annuities

33.

The Macroprudential Implications of the Qualified Mortgage Debate

83 Journal of Law and Contemporary Problems 21 (2020)
Number of pages: 27 Posted: 23 Sep 2019 Last Revised: 17 Mar 2020
Patricia A. McCoy and Susan M. Wachter
Boston College Law School and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 37 (470,696)

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housing bubble, systemic risk, qualified mortgage, access to credit

34.

The Impact of State Antipredatory Lending Laws: Policy Implications and Insights

BORROWING TO LIVE: CONSUMER AND MORTGAGE CREDIT REVISITED, Joint Center for Housing Studies, Harvard University and Brookings Institution Press, 2008
Number of pages: 41 Posted: 03 Apr 2008 Last Revised: 25 Oct 2012
Raphael W. Bostic, Patricia A. McCoy, Anthony Pennington-Cross, Susan M. Wachter and Kathleen C. Engel
Federal Reserve Bank of Atlanta, Boston College Law School, Marquette University - Dept. of Finance, University of Pennsylvania - Wharton School, Department of Real Estate and Suffolk University Law School
Downloads 22 (550,177)
Citation 1

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subprime, lending regulations, mortgages, predatory lending

35.

The Home Mortgage Disclosure Act: A Synopsis and Recent Legislative History

Journal of Real Estate Research, Vol. 29, No. 4, 2007
Number of pages: 18 Posted: 14 Nov 2007 Last Revised: 23 Aug 2016
Patricia A. McCoy
Boston College Law School
Downloads 22 (550,177)

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Home Mortgage Disclosure Act, HMDA, mortgage lending, home loans

36.

Comment on the Request for Information on Rulemaking Processes by the Consumer Financial Protection Bureau, CFPB Docket No. CFPB-2018-0009

Number of pages: 33 Posted: 11 Oct 2018
Patricia A. McCoy
Boston College Law School
Downloads 14 (601,346)
Citation 11

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Consumer Financial Protection Bureau, Rule-Making, Cost-Benefit Analysis

37.

Realigning Auditors' Incentives

Connecticut Law Review, Vol. 5, p. 989, Spring 2003
Number of pages: 25 Posted: 01 Nov 2005 Last Revised: 14 Jul 2016
Patricia A. McCoy
Boston College Law School
Downloads 8 (642,587)

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auditor, accounting scandals