Search Results
Journal Article
Publication of revisions to Regulation C (HMDA)
Working Paper
Cross-lender variation in home mortgage lending
A lender-specific analysis of differences in minority and low-income mortgage loan originations using new applicant-level data gathered under the Home Mortgage Disclosure Act of 1975.
Journal Article
HMDA data to include new home loan price information
Working Paper
Do Lenders Still Discriminate? A Robust Approach for Assessing Differences in Menus
We use a new methodology to assess mortgage pricing discrimination faced by minority borrowers. We identify a “menu problem” that comes from the multidimensional nature of mortgage pricing: When getting a mortgage, borrowers can choose to avoid closing costs and pay a high interest rate or contribute to closing costs to get a lower rate. While data on both dimensions of mortgage pricing are by now often available, intuitively attractive metrics of lender pricing discrimination used in the literature can lead to both false and contradictory results. For example, it is sometimes observed ...
Journal Article
New HMDA data: intent, interpretation, and implications
In March, the first data reflecting changes to the Home Mortgage Disclosure Act became available to the public. Anna Afshar summarizes the new data?s features, the intent of the changes, and the limits of interpretation.