This article describes mortgage lending activity in 2012 based on newly available data reported under the Home Mortgage Disclosure Act (HMDA). In addition, we present the results of a first look at a new data set composed of HMDA records matched to borrowers' credit records. Using the matched...

This study tests for the presence of prejudicial or quot;noneconomicquot; discrimination on the part of mortgage lenders by evaluating the performance of home mortgage loans. The approach differs from that of previous studies of loan performance in that it is based on the proposition that...

The Community Reinvestment Act (CRA) encourages lenders to make mortgage loans to certain classes of borrowers. However, the law does not apply to all lenders, and lenders do not necessarily receive credit for all loans made to borrowers of a particular class. We use this variation to test...

The Community Reinvestment Act (CRA) requires lenders quot;to help meet the credit needs of the local communities in which they are chartered, consistent with the safe and sound operation of such institutions.quot; For proponents of efficient markets, the CRA is a threat to lender profitability....