This paper examines racial and ethnic differences in high cost mortgage lending in seven diverse metropolitan areas … lenders explains almost all of the racial and ethnic differences in high cost mortgage borrowing …

subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual … disparate treatment from race and ethnicity on rate-setting behavior across the most popular subprime mortgage products. In …

better understanding of the mechanisms that gave rise to these racial differences in mortgage delinquency. Using a database …, balloon structures, and negative amortization periods. Results from mortgage default models and a decomposition exercise show … between racial groups. The totality of our results suggest that exotic loan characteristics acted as mortgage default …