Download or read book Rooting Out Discrimination in Mortgage Lending written by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations and published by . This book was released on 2007 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rooting Out Discrimination in Mortgage Lending written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-25 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rooting out discrimination in mortgage lending : using HMDA as a tool for fair lending enforcement : hearing before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, first session, July 25, 2007.
Download or read book ROOTING OUT DISCRIMINATION IN MORTGAGE LENDING USING HMDA AS A TOOL FOR FAIR LENDING HRG SERIAL NO 110 54 COM ON FINANCIAL SERVICES U S HOUSE OF REPS 110TH CONG 1ST SESSION written by and published by . This book was released on 2008* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rooting Out Discrimination in Mortgage Lending written by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations and published by . This book was released on 2007 with total page 454 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 Rooting Out Discrimination in Mortgage Lending Using HMDA As a Tool For Fair Lending Enforcement Serial No 110 54 July 25 2007 110 1 Hearing written by and published by . This book was released on 2008* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Fair Lending 2 0 written by Jared Ruiz Bybee and published by . This book was released on 2015 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fair lending promises that borrowers of similar credit profiles will receive similar loan products - regardless of their race. Yet, study after study reveals that black and Latino borrowers consistently receive loan products that are inferior to those of white borrowers with similar credit characteristics. Despite frequent amendments since their passage during the Civil Rights Era, the Fair Lending Laws that opened doors that were once completely closed to minority borrowers are unable to root out the subtle discrimination that persists in today's mortgage lending market. These traditional Fair Lending Laws are built on an outdated framework that focuses exclusively on punishing lenders and righting past wrongs. This article proposes a new borrower-based approach to solving discrimination in lending. This new framework gives borrowers the tools to effectively understand and compare loan offers, reduces the complexity of loan products, and enhances the ability of borrowers to receive loan offers from a variety of potential lenders. This article also provides examples of tools derived from the new borrower-based approach, including a novel loan comparison report, that have the potential to take us the last mile toward a true fair lending environment.
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 The Color of Credit written by Stephen L. Ross and published by MIT Press. This book was released on 2002-11-08 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of current findings on mortgage-lending discrimination and suggestions for new procedures to improve its detection. In 2000, homeownership in the United States stood at an all-time high of 67.4 percent, but the homeownership rate was more than 50 percent higher for non-Hispanic whites than for blacks or Hispanics. Homeownership is the most common method for wealth accumulation and is viewed as critical for access to the most desirable communities and most comprehensive public services. Homeownership and mortgage lending are linked, of course, as the vast majority of home purchases are made with the help of a mortgage loan. Barriers to obtaining a mortgage represent obstacles to attaining the American dream of owning one's own home. These barriers take on added urgency when they are related to race or ethnicity. In this book Stephen Ross and John Yinger discuss what has been learned about mortgage-lending discrimination in recent years. They re-analyze existing loan-approval and loan-performance data and devise new tests for detecting discrimination in contemporary mortgage markets. They provide an in-depth review of the 1996 Boston Fed Study and its critics, along with new evidence that the minority-white loan-approval disparities in the Boston data represent discrimination, not variation in underwriting standards that can be justified on business grounds. Their analysis also reveals several major weaknesses in the current fair-lending enforcement system, namely, that it entirely overlooks one of the two main types of discrimination (disparate impact), misses many cases of the other main type (disparate treatment), and insulates some discriminating lenders from investigation. Ross and Yinger devise new procedures to overcome these weaknesses and show how the procedures can also be applied to discrimination in loan-pricing and credit-scoring.
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 Residential Mortgage Lending Disparities in Washington D C written by United States Commission on Civil Rights. District of Columbia Advisory Committee and published by . This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 Fair Lending Race and Gender Data Are Limited for Non Mortgage Lending written by Orice M. Williams and published by DIANE Publishing. This book was released on 2009 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fed. Reserve Board¿s (FRB) Regulation B prohibits lenders from collecting certain data from loan applicants, such as their race or gender, for non-mortgage loans (e.g., small business loans). This provision minimized the chances that lenders would use such data in an unlawful and discriminatory manner. However, others argue that the prohibition limits the capacity of researchers and regulators to identify possible discrimination in non-mortgage lending. This testimony discusses an analysis of: (1) studies on possible discrimination in non-mortgage lending and the data used in them; (2) FRB¿s 2003 decision to retain the prohibition of voluntary data collection; and (3) the benefits and costs of a data collection and reporting requirement.
Download or read book Mortgage Discrimination written by and published by . This book was released on 1994 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Discriminatory Mortgage Lending Patterns written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs and published by . This book was released on 1990 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
