Mortgage Lending, Racial Discrimination, and Federal Policy

2018 ◽  
Keyword(s):  
Racial Discrimination ◽  
Federal Policy ◽  
Mortgage Lending

What do we know about Racial Discrimination in Mortgage Markets?

1993 ◽  
Vol 22 (1) ◽  
pp. 101-120 ◽  
Author(s):  
Cathy Cloud ◽  
George Galster
Keyword(s):  
Racial Discrimination ◽  
Case Studies ◽  
Information Sources ◽  
Mortgage Lending ◽  
Sufficient Evidence ◽  
Mortgage Markets ◽  
Statistical Studies ◽  
Mortgage Underwriting

The article summarizes evidence regarding racially discriminatory acts in the mortgage lending market. Various information sources are considered: paired-testing studies, statistical studies of lending patterns and loan rejections, administrative histories, legal suits, case studies, and mortgage underwriting standards. The review demonstrates that, although there remain many unanswered questions about the scope and nature of racial discrimination in mortgage lending, there is sufficient evidence to conclude that the problem still exists.

scholarly journals Riding the Stagecoach to Hell: A Qualitative Analysis of Racial Discrimination in Mortgage Lending

2016 ◽  
Vol 15 (2) ◽  
pp. 118-136 ◽  
Author(s):  
Douglas S. Massey ◽  
Jacob S. Rugh ◽  
Justin P. Steil ◽  
Len Albright
Keyword(s):  
Racial Discrimination ◽  
Direct Evidence ◽  
Mortgage Lending ◽  
Racial Differentials ◽  
The Social ◽  
Individual Discrimination ◽  
Housing Boom ◽  
To Receive ◽  
Fair Lending ◽  
The U.S

Recent studies have used statistical methods to show that minorities were more likely than equally qualified whites to receive high–cost, high–risk loans during the U.S. housing boom, evidence taken to suggest widespread discrimination in the mortgage lending industry. The evidence, however, was indirect, being inferred from racial differentials that persisted after controlling for other factors known to affect the terms of lending. Here we assemble a qualitative database to generate direct evidence of discrimination. Using a sample of 220 statements randomly selected from documents assembled in the course of recent fair lending lawsuits, we code texts for evidence of individual discrimination, structural discrimination, and potential discrimination in mortgage lending practices. We find that 76 percent of the texts indicated the existence of structural discrimination, with only 11 percent suggesting individual discrimination alone. We then present a sample of texts that were coded as discriminatory to reveal the way in which racial discrimination was embedded within the social structure of U.S. mortgage lending, and to reveal the specific microsocial mechanisms by which this discrimination was effected.

Racial Discrimination and Mortgage Lending

2011 ◽  
Vol 45 (2) ◽  
pp. 289-304 ◽  
Author(s):  
James B. Kau ◽  
Donald C. Keenan ◽  
Henry J. Munneke
Keyword(s):  
Racial Discrimination ◽  
Mortgage Lending

scholarly journals On the robustness of racial discrimination findings in mortgage lending studies

2009 ◽  
Vol 41 (18) ◽  
pp. 2279-2297 ◽  
Author(s):  
Judith A Clarke ◽  
Nilanjana Roy ◽  
Marsha J. Courchane
Keyword(s):  
Racial Discrimination ◽  
Mortgage Lending

Racial Discrimination in Mortgage Lending in Washington, D.C.: A Mixed Methods Approach1

2005 ◽  
Vol 33 (2) ◽  
pp. 9-30 ◽  
Author(s):  
Emily C. Blank ◽  
Padma Venkatachalam ◽  
Lawrence McNeil ◽  
Rodney D. Green
Keyword(s):  
Mixed Methods ◽  
Racial Discrimination ◽  
Mortgage Lending
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