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Echo Epidemics : Control Fraud Epidemics Generate 'White-Collar Street Crime' Epidemics - Comment on: Mortgage Origination Fraud and the Global Economic Crisis: A Criminological An...

Black, William K. - 2010

“Control fraud” drove the crisis. Control fraud occurs when those that control a seemingly legitimate entity use it as a “weapon” to defraud. In finance, accounting is the “weapon of choice.” Regulators, criminologists, and criminologists have documented the pervasive role of control...

Persistent link: https://www.econbiz.de/10013143482

Residential Mortgage Lending in 2016 : Evidence from the Home Mortgage Disclosure Act Data

Bhutta, Neil - 2018

This article presents findings from the HMDA data through 2016. The number of mortgage originations in 2016 rose 13 …. The share of mortgages originated by nondepository, independent mortgage companies continued to rise in 2016. For the … first time since at least 1995, nondepository, independent mortgage companies accounted for a majority of both refinance and …

Persistent link: https://www.econbiz.de/10012926229

Do Minorities Pay More for Mortgages?

Bhutta, Neil - 2020

We test for racial discrimination in the prices charged by mortgage lenders. We construct a unique dataset where we … observe all three dimensions of a mortgage's price: the interest rate, discount points, and fees. While we find statistically …

Persistent link: https://www.econbiz.de/10012834174

Mortgage Choice in Rural Housing

Park, Kevin A. - 2017

Rural homeownership is promoted in the United States by mortgage insurance programs administered by the federal … Rural Housing Service. We find applicants are sensitive to the relative annual mortgage insurance premiums and guarantee … mortgage choice …

Persistent link: https://www.econbiz.de/10012954250

Do Minorities Pay More for Mortgages?

Bhutta, Neil - 2020

Persistent link: https://www.econbiz.de/10012849876

The Real Consequences of LTV Limits on Housing Choices

Tzur-Ilan, Nitzan - 2020

This paper provides novel evidence on the effects of LTV limits on housing choices. I exploit the 2010 and 2012 introduction of LTV limits in Israel using a detailed loan-level dataset. I find that the LTV limits, which were designed to lower borrowers' risk, resulted in borrowers choosing more...

Persistent link: https://www.econbiz.de/10012854584

How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions

Bhutta, Neil; Hizmo, Aurel; Ringo, Daniel - 2021

We compare mortgage lenders’ credit decisions to algorithmic recommendations – on the same set of loan applications …

Persistent link: https://www.econbiz.de/10013219560

Did Minority Applicants Experience Worse Lending Outcomes in the Mortgage Market? A Study Using 2020 Expanded HMDA Data

Popick, Stephen - 2022

Before 2018, Home Mortgage Disclosure Act (HMDA) data did not include credit factors, such as credit score, debt …, which allow researchers to account for differences in credit risk when modeling mortgage underwriting and loan pricing. In … researchers to study the simultaneous determinants of mortgage pricing. Using 2020 HMDA data, this paper finds that group …

Persistent link: https://www.econbiz.de/10013405881

Inequality in the Time of Covid-19 : Evidence from Mortgage Delinquency and Forbearance

An, Xudong; Cordell, Larry; Geng, Liang; Lee, Keyoung - 2021

Using a novel database that combines mortgage servicing records, credit-bureau data, and loan application information …

Persistent link: https://www.econbiz.de/10013225360

Financial Inclusion and Fintech during COVID-19 Crisis : Policy Solutions

Ozili, Peterson K - 2020

during the coronavirus or COVID-19 crisis. The documented policy solutions for financial inclusion can help mitigate the …

Persistent link: https://www.econbiz.de/10012835803