The color of credit : mortgage discrimination, research methodology, and fair-lending enforcement /


Stephen Ross and John Yinger.
Bok Engelsk 2002 Stephen L. Ross,· Electronic books
Utgitt
Cambridge, Mass. : : MIT Press, , c2002.
Omfang
1 online resource (viii, 459 p. ) : ill. ;
Opplysninger
Bibliographic Level Mode of Issuance: Monograph. - The mortgage market and the definition of mortgage lending discrimination -- A conceptual framework for mortgage lending -- The literature on mortgage lending discrimination up to and including the Boston Fed study -- Accounting for variation in underwriting standards across lenders -- Other dimensions of discrimination: pricing, redlining, and cultural affinity -- Using performance data to study mortgage discrimination: evaluating the default approach -- Lender behavior, loan performance, and disparate-impact discrimination -- Implications for fair-lending enforcement.. - "In this book Stephen Ross and John Yinger discuss what has been learned about mortgage-lending discrimination in recent years. They reanalyze existing loan-approval and loan-performance data and devise new tests for detecting discrimination in contemporary mortgage markets. They provide an in-depth review of the 1996 Boston Fed Study and its critics, along with new evidence that the minority-white loan-approval disparities in the Boston data represent discrimination, not variation in underwriting standards that can be justified on business grounds.. - Their analysis also reveals several major weaknesses in the current fair-lending enforcement system, namely, that it entirely overlooks one of the two main types of discrimination [disparate impact], misses many cases of the other main type [disparate treatment], and insulates some discriminating lenders from investigation. Ross and Yinger devise new procedures to overcome these weaknesses and show how the procedures can also be applied to discrimination in loan-pricing and credit-scoring."--Jacket.
Emner
Sjanger
Dewey
ISBN
0262182289

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