Subprime lending over time: the role of race
Abstract: Analyzes the racial gap in subprime mortgages over time. The study estimates a portion of the gap that cannot be attributed to such characteristics as income, credit score, loan amount, degree of documentation, denial rate, residence in a minority tract, and debt-to-income ratio. It concludes that the unexplained portion suggests that bias in mortgage lending cannot be ruled out.
File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/community-development/discussion-papers/subprime-lending-over-time-the-role-of-race.pdf
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Community Affairs Discussion Paper
Publication Date: 2010