Beneath the rhetoric: clarifying the debate on mortgage lending discrimination
AbstractThe authors' simple model of the mortgage underwriting process provides a framework within which to define discrimination and various notions of the default rate. By providing those with differing views a common framework for discussing their positions, the model clarifies and reconciles some of the most controversial issues in the debate over mortgage discrimination. It also shows how this theoretical framework can help in the design of practical policy responses to this vexing social problem.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Review.
Volume (Year): (1998)
Issue (Month): Q IV ()
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"Housing-finance intervention and private incentives: helping minorities and the poor,"
Federal Reserve Bank of Cleveland, pages 634-678.
- Calomiris, Charles W & Kahn, Charles M & Longhofer, Stanley D, 1994. "Housing-Finance Intervention and Private Incentives: Helping Minorities and the Poor," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 634-74, August.
- Borooah, Vani K., 2001. "Racial bias in police stops and searches: an economic analysis," European Journal of Political Economy, Elsevier, vol. 17(1), pages 17-37, March.
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