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We investigate whether race and ethnicity influenced subprime loan pricing during 2005, the peak of the subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual- and neighborhood- level data on racial and ethnic characteristics for metropolitan areas in California and Florida. Using a model of rate determination that accounts for predicted loan performance, we evaluate the differences in subprime mortgage rates in terms of racial and ethnic groups and neighborhood characteristics. We find evidence of adverse pricing for blacks and Hispanics. The evidence of adverse pricing is strongest for purchase mortgages and mortgages originated by non-depository institutions.Subprime ...
It is a commonly held belief that subprime lenders, who issue loans to risky borrowers, provide cred...
This article argues that policy makers addressing racial disparities in the share of subprime mortga...
Abstract This paper examines how high cost mortgage lending varies by race and ethnicity. It uses a ...
Some observers have argued that minority borrowers and neighborhoods were targeted for expensive cre...
African-Americans and Latinos get high-priced subprime mortgages far more frequently than whites -- ...
An analysis of new federal mortgage lending data confirms that high cost subprime lending tends to b...
The recent turmoil in the financial markets caused by rising default rates on subprime residential h...
We conduct an empirical investigation to explain observed differentials in mortgage overage pricing....
Paper presented at the 2009 Federal Reserve System Community Affairs Research ConferenceThe recent r...
In spite of the recent impetus to reform home mortgage markets, particularly as they affect low- and...
The dissertation analyzes multilevel models to predict mortgage origination and the allocation of su...
Should lenders have absolute discretion when setting mortgage loan prices regardless of the borrower...
Should lenders have absolute discretion when setting mortgage loan prices regardless of the borrower...
Should lenders have absolute discretion when setting mortgage loan prices regardless of the borrower...
It is a commonly held belief that subprime lenders, who issue loans to risky borrowers, provide cred...
It is a commonly held belief that subprime lenders, who issue loans to risky borrowers, provide cred...
This article argues that policy makers addressing racial disparities in the share of subprime mortga...
Abstract This paper examines how high cost mortgage lending varies by race and ethnicity. It uses a ...
Some observers have argued that minority borrowers and neighborhoods were targeted for expensive cre...
African-Americans and Latinos get high-priced subprime mortgages far more frequently than whites -- ...
An analysis of new federal mortgage lending data confirms that high cost subprime lending tends to b...
The recent turmoil in the financial markets caused by rising default rates on subprime residential h...
We conduct an empirical investigation to explain observed differentials in mortgage overage pricing....
Paper presented at the 2009 Federal Reserve System Community Affairs Research ConferenceThe recent r...
In spite of the recent impetus to reform home mortgage markets, particularly as they affect low- and...
The dissertation analyzes multilevel models to predict mortgage origination and the allocation of su...
Should lenders have absolute discretion when setting mortgage loan prices regardless of the borrower...
Should lenders have absolute discretion when setting mortgage loan prices regardless of the borrower...
Should lenders have absolute discretion when setting mortgage loan prices regardless of the borrower...
It is a commonly held belief that subprime lenders, who issue loans to risky borrowers, provide cred...
It is a commonly held belief that subprime lenders, who issue loans to risky borrowers, provide cred...
This article argues that policy makers addressing racial disparities in the share of subprime mortga...
Abstract This paper examines how high cost mortgage lending varies by race and ethnicity. It uses a ...
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