Mortgage Lending in Boston: A Reconsideration of the Evidence
Abstract
Is there statistical evidence of racial discrimination in home mortgage markets? The Boston Fed recently addressed this concern head-on by collecting all available data from loan applications in Boston. They find that the extent of discrimination is reduced after one accounts for all of the confounding variables measured in these applications but that it remains statistically significant. However, their strong conclusions are unwarranted due to the use of invalid statistical methods. Correctly evaluated, their data provide no significant evidence of racial discrimination in mortgage markets. Copyright 1998 by Oxford University Press.Download Info
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Bibliographic Info
Article provided by Oxford University Press in its journal Economic Inquiry.
Volume (Year): 36 (1998)
Issue (Month): 1 (January)
Pages: 29-38
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Handle: RePEc:oup:ecinqu:v:36:y:1998:i:1:p:29-38
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Judith A. Giles & Marsha J. Courchane, 2000. "Stratified Sample Design for Fair Lending Binary Logit Models," Econometrics Working Papers 0007, Department of Economics, University of Victoria.
- Block, Walter & Snow, Nicholas & Stringham, Edward, 2008. "Banks, insurance companies, and discrimination," MPRA Paper 26035, University Library of Munich, Germany.
- Judith Clarke & Nilanjana Roy & Marsha Courchane, 2009.
"On the robustness of racial discrimination findings in mortgage lending studies,"
Applied Economics,
Taylor and Francis Journals, vol. 41(18), pages 2279-2297.
- Judith A. Clarke & Marsha J. Courchane & Nilanjana Roy, 2005. "On the Robustness of Racial Discrimination Findings in Mortgage Lending Studies," Econometrics Working Papers 0516, Department of Economics, University of Victoria.
- Jason Dietrich, 2005. "Under-specified Models and Detection of Discrimination: A Case Study of Mortgage Lending," The Journal of Real Estate Finance and Economics, Springer, vol. 31(1), pages 83-105, August.
- Cullen Goenner, 2010. "Discrimination and Mortgage Lending in Boston: The Effects of Model Uncertainty," The Journal of Real Estate Finance and Economics, Springer, vol. 40(3), pages 260-285, April.
- Judith Clarke & Marsha Courchane, 2004. "Implications of Stratified Sampling for Fair Lending Binary Logit Models," The Journal of Real Estate Finance and Economics, Springer, vol. 30(1), pages 5-31, October.
- David G. Blanchflower & Phillip B. Levine & David J. Zimmerman, 1998.
"Discrimination in the Small Business Credit Market,"
NBER Working Papers
6840, National Bureau of Economic Research, Inc.
- David G. Blanchflower & Phillip B. Levine & David J. Zimmerman, 2003. "Discrimination in the Small-Business Credit Market," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 930-943, 09.
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