| Document Type
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BL
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| Record Number
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1002504
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| Doc. No
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b756874
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| Main Entry
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Ross, Stephen L.
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| Title & Author
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The color of credit : : mortgage discrimination, research methodology, and fair-lending enforcement /\ Stephen Ross and John Yinger.
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| Publication Statement
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Cambridge, Mass. :: MIT Press,, 2002.
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| Page. NO
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viii, 459 pages :: illustrations ;; 24 cm
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| ISBN
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0262182289
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: 9780262182287
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| Bibliographies/Indexes
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Includes bibliographical references (pages 425-442) and indexes.
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| Contents
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The mortgage market and the definition of mortgage lending discrimination -- A conceptual framework for mortgage lending -- The literature on mortgage lending discrimination up to and including the Boston Fed study -- Evaluating criticisms of the Boston Fed study -- Accounting for variation in underwriting standards across lenders -- Other dimensions of discrimination: pricing, redlining, and cultural affinity -- Using performance data to study mortgage discrimination: evaluating the default approach -- Lender behavior, loan performance, and disparate-impact discrimination -- Implications for fair-lending enforcement.
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| Abstract
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"In this book Stephen Ross and John Yinger discuss what has been learned about mortgage-lending discrimination in recent years. They reanalyze existing loan-approval and loan-performance data and devise new tests for detecting discrimination in contemporary mortgage markets. They provide an in-depth review of the 1996 Boston Fed Study and its critics, along with new evidence that the minority-white loan-approval disparities in the Boston data represent discrimination, not variation in underwriting standards that can be justified on business grounds.
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Their analysis also reveals several major weaknesses in the current fair-lending enforcement system, namely, that it entirely overlooks one of the two main types of discrimination [disparate impact], misses many cases of the other main type [disparate treatment], and insulates some discriminating lenders from investigation. Ross and Yinger devise new procedures to overcome these weaknesses and show how the procedures can also be applied to discrimination in loan-pricing and credit-scoring."--Jacket.
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| Subject
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Discrimination in mortgage loans-- United States.
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Discrimination dans les prêts hypothécaires-- États-Unis.
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| Subject
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Discrimination in mortgage loans-- United States.
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Discrimination in mortgage loans.
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| Subject
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Discriminatie.
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Huiseigenaren.
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| Subject
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Hypotheken.
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| Subject
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Leningen.
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| Subject
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United States.
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| Dewey Classification
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332.7/2/0973
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| LC Classification
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HG2040.2.R67 2003
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| NLM classification
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71.62bcl
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| Added Entry
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Yinger, John,1947-
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