Subprime lending over time: the role of race

Christy Chung Hevener and Marvin M. Smith

No 10-02, Community Affairs Discussion Paper from Federal Reserve Bank of Philadelphia

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.

Keywords: Subprime market; Predatory lending; Discrimination in housing (search for similar items in EconPapers)
Date: 2010
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