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What drives racial and ethnic differences in high cost mortgages? : the role of high risk lenders

Bayer, Patrick J.; Ferreira, Fernando Vendramel; Ross, … - 2016

This paper examines racial and ethnic differences in high cost mortgage lending in seven diverse metropolitan areas from 2004-2007. Even after controlling for credit score and other key risk factors, African-American and Hispanic home buyers are 105 and 78 percent more likely to have high cost...

Persistent link: https://www.econbiz.de/10011524186

Race and Bankruptcy : Explaining Racial Disparities in Consumer Bankruptcy

Morrison, Edward R. - 2019

African American bankruptcy filers are more likely to select Chapter 13 than other debtors, who opt instead for Chapter 7, which has higher success rates and lower attorney fees. Prior scholarship blames racial discrimination by bankruptcy attorneys. We present an alternative explanation:...

Persistent link: https://www.econbiz.de/10012899824

Differences in subprime loan pricing across races and neighborhoods

Ghent, Andra C.; Hernández-Murillo, Rubén; Owyang, … - In: Regional science & urban economics 48 (2014), pp. 199-215

Persistent link: https://www.econbiz.de/10011283961

Consumer-lending discrimination in the FinTech Era

Bartlett, Robert P.; Morse, Adair; Stanton, Richard; … - In: Journal of financial economics 143 (2022) 1, pp. 30-56

Persistent link: https://www.econbiz.de/10013350619

Mortgage Characteristics and the Racial Incidence of Default

Li, Phillip - 2017

of nearly 9 million mortgages originated between 2005 and 2009, we find that minority borrowers were significantly more … that the concentration of minority buyers in such loans explains a significant fraction of the difference in default rates … accelerants for many minority homeowners that experienced significant income and equity shocks during the Great Recession …

Persistent link: https://www.econbiz.de/10012961217