Mortgage Lending and Race

Is Discrimination Still a Factor

Datos Bibliográficos

ID4959481
AutoresGregory D Squires (University of Wisconsin–Milwaukee), William Velez (0000-0002-9006-5603, University of Wisconsin–Milwaukee)
Año1996
Volumen28
Número7
Páginas1199-1208
Fecha de publicación1996-07-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEnvironment and Planning A Economy and Space (JOURNAL)
Identificadores de la revistaISSN: 0308-518X • E-ISSN: 1472-3409
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1068/a281199
OpenAlexW2039646334
IdiomaEN
Citas recibidas11
Referencias citadas7

The significance of race in mortgage lending has emerged as a major public policy issue and focus of scholarly research in the United States. In this paper the experiences of black and Latino mortgage loan applicants in a large midwestern metropolitan area are examined by means of a database on the disposition of individual mortgage loan applications that is now available. It is found that, after controlling for income, age of housing, housing value, and occupancy status, black applicants and applicants from predominantly black communities are less likely to have their loan applications approved than are white applicants or applicants from predominantly white areas. Although no disparities were associated with Latino applicants, those applicants from predominantly Latino communities were less likely to be approved than were others. Specific research and policy recommendations are offered to develop a further understanding of the racial implications of the mortgage market and for reducing racial disparities in accessing credit for home purchases

Actuarial science · Business · Demographic economics · Economics · Geography · Loan · Metropolitan area · Mortgage insurance · Mortgage loan · Mortgage underwriting · Shared appreciation mortgage · Sociology · Housing Market and Economics · Urban, Neighborhood, and Segregation Studies · Urbanization and City Planning · Finance