Beneath the rhetoric: clarifying the debate on mortgage lending discrimination
The 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.
Volume (Year): (1998)
Issue (Month): Q IV ()
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- Charles W. Calomiris & Charles M. Kahn & Stanley D. Longhofer, 1994.
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- James A. Berkovec & Glenn B. Canner & Stuart A. Gabriel & Timothy H. Hannan, 1994.
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Federal Reserve Bank of Philadelphia, pages 263-298.
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Working Paper Series, Issues in Financial Regulation
95-8, Federal Reserve Bank of Chicago.
- Hunter, William C & Walker, Mary Beth, 1996. "The Cultural Affinity Hypothesis and Mortgage Lending Decisions," The Journal of Real Estate Finance and Economics, Springer, vol. 13(1), pages 57-70, July.
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- Geoffrey M.B. Tootell, 1993. "Defaults, denials, and discrimination in mortgage lending," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 45-51.
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