Do Lenders who Redline Make More Money than Lenders who Don't

Datos Bibliográficos

ID10430438
AutoresGregory D Squires (autor de correspondencia), Sally O’connor, Sally O'Connor
Año1993
Volumen21
Número4
Páginas83-107
Fecha de publicación1993-03-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Review of Black Political Economy (JOURNAL)
Identificadores de la revistaISSN: 0034-6446 • E-ISSN: 1936-4814
EditorialSAGE Publishing (PUBLISHER • US)
DOI10.1007/bf02689964
OpenAlexW1979185307
IdiomaEN
Citas recibidas4
Referencias citadas3

While it is widely recognized that racial minorities and residents of distressed urban communities experience relatively greater difficulty in obtaining mortgage loans, there is little consensus on the causes of such lending patterns. This study examines the relationship between lender profitability and the percentage of their loans and loan dollars that are invested in Milwaukee's central city and to racial minorities throughout the metropolitan area. Findings suggest that to understand broader industry-wide patterns, it is important to focus on the characteristics of lending institutions themselves, particularly those that yield discriminatory lending patterns, and not solely on the income, credit rating, and other socioeconomic characteristics pertaining to the risk and profitability associated with various population groups and community areas. Policy and research implications that will lead to a more comprehensive understanding of, and more effective solutions for, urban credit availability or redlining problems are discussed

Business · Economic growth · Economics · Financial system · Geography · Loan · Metropolitan area · Population · Profitability index · Socioeconomic status · Sociology · Yield (engineering · Finance · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies