Journal Article

Rooting out discrimination in home mortgage lending


Abstract: An argument that racial discrimination in the home mortgage market arises not only from bigotry, but from statistical discrimination (wherein race is correlated with some hard-to-measure determinants of creditworthiness) and from a lack of cultural affinity between lenders and minorities. The author argues that each of these causes may require a different remedy.

Keywords: Mortgages; Discrimination in mortgage loans;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1995

Issue: Nov

Order Number: 1