IDEAS home Printed from https://ideas.repec.org/p/fip/fedpcd/10-02.html
   My bibliography  Save this paper

Subprime lending over time: the role of race

Author

Listed:
  • Christy Chung Hevener
  • Marvin M. Smith

Abstract

Analyzes the racial gap in subprime mortgages over time. The study estimates a portion of the gap that cannot be attributed to such characteristics as income, credit score, loan amount, degree of documentation, denial rate, residence in a minority tract, and debt-to-income ratio. It concludes that the unexplained portion suggests that bias in mortgage lending cannot be ruled out.

Suggested Citation

  • Christy Chung Hevener & Marvin M. Smith, 2010. "Subprime lending over time: the role of race," Community Affairs Discussion Paper 10-02, Federal Reserve Bank of Philadelphia.
  • Handle: RePEc:fip:fedpcd:10-02
    as

    Download full text from publisher

    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/community-development/discussion-papers/subprime-lending-over-time-the-role-of-race.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Subprime market; Predatory lending; Discrimination in housing;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedpcd:10-02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Beth Paul (email available below). General contact details of provider: https://edirc.repec.org/data/frbphus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.