Zhang, David Hao; Willen, Paul - 2020 - This version: December 2020
We use a new methodology to assess mortgage pricing discrimination faced by minority borrowers. We identify a "menu … problem" that comes from the multidimensional nature of mortgage pricing: When getting a mortgage, borrowers can choose to … conditional on rate, minority borrowers pay the same closing costs as white borrowers, but conditional on closing costs, minority …