| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22004 |
| 来源ID | Working Paper 22004 |
| What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders | |
| Patrick Bayer; Fernando Ferreira; Stephen L. Ross | |
| 发表日期 | 2016-02-22 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper examines racial and ethnic differences in high cost mortgage lending in seven diverse metropolitan areas from 2004-2007. Even after controlling for credit score and other key risk factors, African-American and Hispanic home buyers are 105 and 78 percent more likely to have high cost mortgages for home purchases. The increased incidence of high cost mortgages is attributable to both sorting across lenders (60-65 percent) and differential treatment of equally qualified borrowers by lenders (35-40 percent). The vast majority of the racial and ethnic differences across lender can be explained by a single measure of the lender’s foreclosure risk and most of the within-lender differences are concentrated at high-risk lenders. Thus, differential exposure to high-risk lenders combined with the differential treatment by these lenders explains almost all of the racial and ethnic differences in high cost mortgage borrowing. |
| 主题 | Financial Economics ; Financial Institutions ; Health, Education, and Welfare ; Education ; Labor Economics ; Demography and Aging ; Labor Discrimination ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w22004 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579678 |
| 推荐引用方式 GB/T 7714 | Patrick Bayer,Fernando Ferreira,Stephen L. Ross. What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22004.pdf（396KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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