Bank Lending to Minority and Low-Income Households and Neighborhoods
Do Community Reinvestment Agreements Make a Difference
Bibliographic Data
| ID | 12065771 |
|---|---|
| Authors | Alex Schwartz (0000-0002-9806-7726, New School for Social Research), Alex F Schwartz (0000-0003-0613-2736, New School, corresponding author) |
| Year | 1998 |
| Volume | 20 |
| Issue | 3 |
| Pages | 269-301 |
| Publication date | 1998-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Urban Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0735-2166 • E-ISSN: 1467-9906 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-9906.1998.tb00423.x |
| OpenAlex | W1974031738 |
| Language | EN |
| Citations received | 21 |
| References cited | 2 |
This article marks a new direction in research on the Community Development Act (CRA) by examining the outcomes of CRA agreements, comparing the mortgage and home improvement lending of banks with and without agreements. The analysis examines Home Mortgage Disclosure Act data for all the states and metropolitan areas with CRA agreements in effect and compares mortgage and lending to low-income and minority households and neighborhoods by banks with and without agreements and by banks with different types of agreements. Banks with CRA agreements appear to be more responsive than other banks to the credit needs of minority and low-income households and neighborhoods, especially when independent mortgage banks, which are not subject to the CRA, are removed from the analysis. Few significant differences, however, were found in the lending practices of banks with different types of agreements, including banks with negotiated and voluntary agreements
Business · Community Reinvestment Act · Demographic economics · Economics · Financial system · Geography · Loan · Low income · Metropolitan area · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies · Finance
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| Unique citing works | 21 |
|---|---|
| Citations per year | 0,78 |
| Citation span | 1999 - 2026 (28) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 19 |