Showing 1 - 10 of 14
An argument that racial discrimination in the home mortgage market arises not only from bigotry, but from statistical discrimination (wherein race is correlated with some hard-to-measure determinants of creditworthiness) and from a lack of cultural affinity between lenders and minorities. The...
Persistent link: https://www.econbiz.de/10005390376
Mortgage brokers play an important role in the housing finance market, but they also present unique challenges to regulators attempting to enforce fair lending laws. Should lenders be held responsible for the pricing decisions of brokers from whom they receive loan applications, or should fair...
Persistent link: https://www.econbiz.de/10005393539
A discussion of discrepancies in methods of evaluating evidence on mortgage-lending discrimination in minority and low-income areas, outlining fundamental differences between studies that focus mostly on neighborhood characteristics and regulatory-agency compliance examinations that concentrate...
Persistent link: https://www.econbiz.de/10005393586
Detecting and measuring discrimination in the pricing of mortgage loans present unique challenges for bank regulators. This Commentary outlines how loans are priced in the mortgage market and the difficulties involved in comparing the prices charged to different borrowers.
Persistent link: https://www.econbiz.de/10005512949
Many adjustable rate mortgages in the United States are indexed to Libor. While the accuracy of this rate has recently … alternative reference rates for consumer loans and estimate their payment effects on a large sample of Libor-linked U.S. mortgages … substantially more for mortgages that reset in October 2008. …
Persistent link: https://www.econbiz.de/10011234941
A discussion of the possible impact of home equity lines of credit on the variability of total consumer spending and borrowing, with comment on the potential growth of home equity lending and its affect on consumers and lenders.
Persistent link: https://www.econbiz.de/10005717890
An examination of adjustable rate mortgages with emphasis on their sensitivity to mortgage market pressures, using …
Persistent link: https://www.econbiz.de/10005390389
A look at how the quantity and source of information flowing to lenders can affect their credit decisions, and an argument that lenders should take advantage of the CRA provisions that allow them to address their obligations through joint-lending programs and qualified investments.
Persistent link: https://www.econbiz.de/10005390422
The Federal Home Loan Banks are part of a system created by the federal government to promote home ownership. This Commentary looks at new initiatives undertaken by these government-sponsored enterprises to expand their role in financial markets-and the attendant implications for their balance...
Persistent link: https://www.econbiz.de/10005390426
A look at some of the issues associated with reports that minority applicants for home mortgage loans are far more likely than whites to be denied credit. The authors raise the concern that simple comparisons of denial rates are not sufficient for grasping the complexities surrounding...
Persistent link: https://www.econbiz.de/10005393537