facilitate mortgage access to minorities. Alternatively, lenders could have unfairly forced borrowers from minority areas into …. Holding loan cost constant, I find that foreclosure is lower in minority areas. This evidence is consistent with lenders …Subprime loans were disproportionately offered in minority areas prior to the subprime crisis, even after controlling …

significantly underrepresented among mortgage loan officers. Minority borrowers are less likely to complete mortgage applications …We study the relationship between the labor market for loan officers and access to credit in the residential mortgage … market. Using novel data matching the (near) universe of mortgage applications to loan officers, we find that minorities are …

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

probability of foreclosure. Results suggest that the relationship between these loan features and foreclosure rates is much more …

mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …

State foreclosure and bankruptcy laws govern the rights of mortgage lenders and borrowers during foreclosure and … laws on the types of mortgages originated. The empirical identification is based on state-level variations in foreclosure … likely to be originated in states with lender-friendly foreclosure laws. Also, higher-risk loans are less likely to be …

characteristics in order to clarify how the subprime foreclosure crisis played out in minority areas. An innovation in our modeling …, we find that borrowers in minority neighborhoods, delineated by Census tracts, were less likely to default at high … finding that subprime borrowers in minority neighborhoods have a lower propensity to default at high CLTV stands in contrast …

How do technological advancements in credit markets affect minority communities? We use the endorsement of FICO credit … scores by the Government Sponsored Enterprises (GSEs) in mortgage underwriting to answer this question. The use of credit … scores led to the sorting of prime and subprime lenders across minority and non-minority neighborhoods. In minority …