Arbeitspapier
Racial disparities in mortgage lending: New evidence based on processing time
This paper examines racial disparities in mortgage processing time prior to the global financial crisis. We find that Black borrowers are underrepresented and experience a longer processing time than White borrowers among the mortgages securitized by government-sponsored enterprises. At the same time, Black borrowers are overrepresented and face a similar processing time among privately securitized mortgages. Additionally, Black borrowers are strongly associated with the faster segments of mortgage markets, faster lenders within each segment, and the types of loan products that are processed faster, all of which subsequently experienced higher defaults.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2022-1
- Klassifikation
-
Wirtschaft
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Real Estate Markets, Spatial Production Analysis, and Firm Location: General
- Thema
-
processing time
lending standards
racial disparities
mortgage loans
Hypothek
Ethnische Diskriminierung
Schwarze Menschen
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wei, Bin
Zhao, Feng
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of Atlanta
- (wo)
-
Atlanta, GA
- (wann)
-
2022
- DOI
-
doi:10.29338/wp2022-01
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wei, Bin
- Zhao, Feng
- Federal Reserve Bank of Atlanta
Entstanden
- 2022
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