Although credit history scoring offers benefits to lenders and borrowers, failure to consider situational circumstances raises important statistical issues that may affect the ability of scoring systems to accurately quantify an individual's credit risk. Evidence from a national sample of credit...

Under the Community Reinvestment Act (CRA), banks can fulfill their obligation to meet local credit needs either by lending in low-to-moderate-income (LMI) communities or by purchasing loans made by others. This paper evaluates whether CRA credit for purchases has had its intended effect of...

Under the Community Reinvestment Act (CRA) banks can fulfill their affirmative obligation to meet local credit needs by lending in low-to-moderate-income (LMI) communities or by purchasing loans made by others. This paper evaluates whether giving CRA credit for purchases has had its intended...

This article presents findings from the HMDA data through 2016. The number of mortgage originations in 2016 rose 13 percent from 2015. Black and Hispanic white borrowers increased their share of home-purchase loans for the third straight year. The share of mortgages originated by nondepository,...