This document is intended as a guide to help quantify the size of the foreclosure problem in Oakland as it relates to students enrolled in the Oakland Unified School District. It contains data linked with a proprietary method to combine three distinct datasets.
These tables were generated from three datasets:
- OUSD public school student database
- First American Real Estate Services (FARES) notices of default for Alameda County database
- FARES Adjustable Rate Mortgage (ARM) Loan database
The OUSD data used were those from the 2007-2008 academic year, the most current complete year currently available to us. These student level address records were matched to the Notice of Default addresses and the ARM addresses in the two housing datasets. This method does not capture all students as many had poor address information and many have moved since 2007-2008. Differences in address entry will also result in lower numbers than calculated. Some tables show 2008-2009 enrollment numbers for context as many schools size change significantly from year to year.
These data were calculated using all Notices of Default (NOD) that were filed between April 1,2009 and June 30, 2009- a fraction of the NODs to occur in Oakland this year. The adjustable rate mortgages linked were those adjusting between July 2009 and December 2010.