Federal Housing Administration (FHA) mortgage insurance program. The suits led to more than $5 billion in settlements and … exit has significantly reduced low-income households' overall access to mortgage credit. …

We study the relationship between the labor market for loan officers and access to credit in the residential mortgage … market. Using novel data matching the (near) universe of mortgage applications to loan officers, we find that minorities are … significantly underrepresented among mortgage loan officers. Minority borrowers are less likely to complete mortgage applications …