Download or read book Quantifying Discrimination in Home Mortgage Lending written by Faye Steiner and published by . This book was released on 2000 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book What We Know About Mortgage Lending Discrimination in America written by Margery Austin Turner and published by DIANE Publishing. This book was released on 2000-07 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Department of Housing and Human Development (HUD) presents the report "What We Know About Mortgage Lending Discrimination in America." The report outlines how discrimination can affect access to mortgage capital for minorities.

Download or read book Feasibility Study on a Methodology for Measuring Discrimination in Residential Mortgage Lending written by Canada Mortgage and Housing Corporation and published by The Corporation. This book was released on 1995 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mortgage discrimination has been at the centre of housing policy research in the United States for the past two decades. Despite increasing levels of regulation to eliminate this practice, a furious debate remains over whether it exists at all. Increasingly sophisticated research has produced ambiguous results. There is no evidence to suggest that mortgage market discrimination is a problem in Canada. However, because it exists in many other areas of society, there is no reason to assume that the mortgage lending process is immune. Because discrimination may potentially eliminate otherwise credit-worthy borrowers, standard economic theory argues that profit maximizing lenders will not discriminate. Discrimination may, however, result from lack of experience or understanding of certain groups of borrowers. For example, lenders who are conservative in the face of uncertainty may discriminate inadvertently. In other cases, lenders may be willing to forego profit if discrimination is practised for personal, cultural or social reasons. This paper examines the concept of discrimination in residential mortgage lending, reviews and evaluates the approaches that have been developed to detect the existence of discrimination in the U.S., and presents a possible research program suitable for lending firms and governments in Canada.

Download or read book Mortgage Lending Racial Discrimination and Federal Policy written by John Goering and published by Routledge. This book was released on 2018-12-20 with total page 743 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1997, this volume features a wealth of contributions discussing mortgage lending discrimination and the role of the FHA, fair lending enforcement and the Decatur case, along with the future of mortgage discrimination research. This key civil rights debate in the wake of the Fair Housing Act 25 years prior is evaluated and clarified through rigorous review of fair lending research, applied projects and enforcement activities to date. It argues forcefully that the right to take out a mortgage to buy a home should be conditioned only upon one’s credit worthiness and not on one’s race or ethnic group.

Download or read book Quantifying Discrimination written by Maya Sen and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent subprime mortgage crisis has brought to the forefront the possibility of discriminatory lending on the basis of race or gender. I explore these claims using approximately 10 million observations collected by the federal government in 2006 through the Home Mortgage Disclosure Act. I address two possible theories of discrimination: (1) structural discrimination, which is that any discriminatory lending patterns are picking up the fact that minority borrowers went to different lenders, and (2) individual discrimination, which is the possibility that individual lenders discriminated against identically situated borrowers. The results provide some evidence of both. However, a sensitivity test to examine the effect of missing controls (such as credit score) finds that these racial differences could be explained by a 50% difference in negative credit attributes between blacks and whites under structural discrimination, and 17% difference under individual discrimination.

Download or read book Measuring Housing Discrimination in a National Study written by National Research Council and published by National Academies Press. This book was released on 2002-04-14 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal law prohibits housing discrimination on the basis of seven protected classes including race. Despite 30 years of legal prohibition under the Fair Housing Act, however, there is evidence of continuing discrimination in American housing, as documented by several recent reports. In 1998, the Department of Housing and Urban Development (HUD) funded a $7.5 million independently conducted Housing Discrimination Survey (HDS) of racial and ethnic discrimination in housing rental, sales, and lending markets (Public Law 105-276). This survey is the third such effort sponsored by HUD. Its intent is to provide a detailed understanding of the patterns of discrimination in housing nationwide. In 1999, the Committee on National Statistics (CNSTAT) of the National Research Council (NRC) was asked to review the research design and analysis plan for the 2000 HDS and to offer suggestions about appropriate sampling and analysis procedures. The review took the form of a workshop that addressed HUD's concerns about the adequacy of the sample design and analysis plan, as well as questions related to the measurement of various aspects of discrimination and issues that might bias the results obtained. The discussion also explored alternative methodologies and research needs. In addition to addressing methodological and substantive issues related specifically to the HDS, the workshop examined broader questions related to the measurement of discrimination.

Download or read book Mortgage Money who Gets It written by United States Commission on Civil Rights and published by . This book was released on 1974 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Truth in Business and Home Lending Discrimination written by Wilbert Smith Jr and published by AuthorHouse. This book was released on 2008-01-02 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the existence of statistical disparities between whites and minorities in the extension home mortgage loans is acknowledged by all parties, disagreement exists as to the reasons for these disparities. Equal opportunity activists contend that racial discrimination by mortgage lending institutions is a contributing, if not the primary, source of these patterns. Other parties, however, suggest that the patterns reflect fundamental differences in the economic circumstances of population groups.

Download or read book Discrimination in Mortgage Lending written by Alvin Thomas King and published by . This book was released on 1981 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the fall of 1978 the Federal Home Loan Bank Board collected detailed information on mortgage applications received by Federally-insured Savings and Loan Associations in three SMSAs. This study analyzes the applications for evidence that Associations discriminated against applicants becuase of their age, race, sex, marital status or the location of the property. The study finds no evidence that property appraisals are discriminatory and little or no evidence that the terms offered on approved mortgages are discriminatory. The study does find statistically significant evidence that black and Hispanic applicants are more likely to be denied than are comparable white applicants. To some extent the differences may be due to worse credit records, a factor which can be incorporated into the analysis only imperfectly because of data limitations. The study finds no evidence that the age, sex, or marital status of the applicant or the location of the property affect the likelihood of rejection.

Download or read book Searching for Age and Gender Discrimination in Mortgage Lending written by Jason Dietrich and published by . This book was released on 2005 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Truth in Business and Home Lending Discrimination written by Wilbert Smith Jr. and published by . This book was released on 2007-12 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the existence of statistical disparities between whites and minorities in the extension home mortgage loans is acknowledged by all parties, disagreement exists as to the reasons for these disparities. Equal opportunity activists contend that racial discrimination by mortgage lending institutions is a contributing, if not the primary, source of these patterns. Other parties, however, suggest that the patterns reflect fundamental differences in the economic circumstances of population groups.

Download or read book Discrimination in Mortgage Lending written by Robert Schafer and published by MIT Press (MA). This book was released on 1981 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book substitutes rigorous and systematic analysis for the undocumented claims that have characterized the debate on "redlining"--the denial of mortgage money to poorer neighborhoods. In addition, Schafer and Ladd discuss discrimination against individuals, appraisal practices, and the likelihood of default, analyze recent policy decisions, and recommend a range of new policies. The thorough documentation that supports this analysis was obtained through an examination of individual mortgage applications--denials as well as approvals--in New York and California, the only two states in which such data is available, its disclosure mandated under state law.One of the book's major findings is that discrimination in home financing is based far more on an individual's race than on the location of the property--that although the redlining debate has turned on the issue of geographic discrimination, the underlying reality is one of racial discrimination, and individuals are more often the targets than are neighborhoods.After an introductory chapter, "Discrimination in Mortgage Lending" takes up default risk in mortgage lending, appraisal practices, the flow of funds, lending decision models, the decision to lend in California, mortgage credit terms in California, the decision to lend in New York, mortgage credit terms in New York, a summary of results, and recommendations.

Download or read book An Analysis of Regional Differences in Racial Discrimination in the Home Mortgage Lending Industry written by Esther Gesick and published by . This book was released on 1992 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Evaluating Statistical Models of Mortgage Lending Discrimination written by Mitchell Stengel and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Identification of Discrimination in Mortgage Lending Markets written by Michael LaCour-Little and published by . This book was released on 1996 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Measuring Housing Discrimination in a National Study written by Committee on National Statistics and published by . This book was released on 2002-03-14 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal law prohibits housing discrimination on the basis of seven protected classes including race. Despite 30 years of legal prohibition under the Fair Housing Act, however, there is evidence of continuing discrimination in American housing, as documented by several recent reports. In 1998, the Department of Housing and Urban Development (HUD) funded a $7.5 million independently conducted Housing Discrimination Survey (HDS) of racial and ethnic discrimination in housing rental, sales, and lending markets (Public Law 105-276). This survey is the third such effort sponsored by HUD. Its intent is to provide a detailed understanding of the patterns of discrimination in housing nationwide. In 1999, the Committee on National Statistics (CNSTAT) of the National Research Council (NRC) was asked to review the research design and analysis plan for the 2000 HDS and to offer suggestions about appropriate sampling and analysis procedures. The review took the form of a workshop that addressed HUD's concerns about the adequacy of the sample design and analysis plan, as well as questions related to the measurement of various aspects of discrimination and issues that might bias the results obtained. The discussion also explored alternative methodologies and research needs. In addition to addressing methodological and substantive issues related specifically to the HDS, the workshop examined broader questions related to the measurement of discrimination.

Download or read book Measuring Racial Discrimination written by National Research Council and published by National Academies Press. This book was released on 2004-07-24 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many racial and ethnic groups in the United States, including blacks, Hispanics, Asians, American Indians, and others, have historically faced severe discriminationâ€"pervasive and open denial of civil, social, political, educational, and economic opportunities. Today, large differences among racial and ethnic groups continue to exist in employment, income and wealth, housing, education, criminal justice, health, and other areas. While many factors may contribute to such differences, their size and extent suggest that various forms of discriminatory treatment persist in U.S. society and serve to undercut the achievement of equal opportunity. Measuring Racial Discrimination considers the definition of race and racial discrimination, reviews the existing techniques used to measure racial discrimination, and identifies new tools and areas for future research. The book conducts a thorough evaluation of current methodologies for a wide range of circumstances in which racial discrimination may occur, and makes recommendations on how to better assess the presence and effects of discrimination.