Working Paper
Accounting for racial differences in housing credit markets
Abstract: A documentation of racial and neighborhood differences in home mortgage denial rates using data collected under the Home Mortgage Disclosure Act, exploring the extent to which objective lending criteria are responsible for observed differences. The authors find persistent variations in denial rates between white and minority applicants, but emphasize that the HMDA data do not contain enough relevant information to draw any firm conclusions regarding causation.
Keywords: Discrimination in mortgage loans; Mortgages; Home Mortgage Disclosure Act; Community Reinvestment Act of 1977;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1993
Number: 9310