Accounting for racial differences in housing credit markets

Robert B. Avery, Patricia E. Beeson and Mark S. Sniderman

No 9310, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: A documentation of racial and neighborhood differences in home mortgage denial rates using data collected under the Home Mortgage Disclosure Act, exploring the extent to which objective lending criteria are responsible for observed differences. The authors find persistent variations in denial rates between white and minority applicants, but emphasize that the HMDA data do not contain enough relevant information to draw any firm conclusions regarding causation.

Keywords: Discrimination in mortgage loans; Mortgages; Home Mortgage Disclosure Act; Community Reinvestment Act of 1977 (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (4)

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