ISBN-10:
0262182289
ISBN-13:
9780262182287
Pub. Date:
11/08/2002
Publisher:
MIT Press
The Color of Credit: Mortgage Discrimination, Research Methodology, and Fair-Lending Enforcement

The Color of Credit: Mortgage Discrimination, Research Methodology, and Fair-Lending Enforcement

by Stephen L. Ross, John Yinger

Hardcover

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Product Details

ISBN-13: 9780262182287
Publisher: MIT Press
Publication date: 11/08/2002
Series: The MIT Press
Pages: 469
Product dimensions: 6.00(w) x 9.00(h) x 1.50(d)
Age Range: 18 Years

About the Author

Stephen L. Ross is Associate Professor of Economics at the University of Connecticut.

John Yinger is Trustee Professor of Public Administration and Economics and Director of the Education Finance and Accountability Program in the Center for Policy Research at the Maxwell School, Syracuse University.

Table of Contents

Acknowledgmentsvii
1Introduction1
2The Mortgage Market and the Definition of Mortgage Lending Discrimination15
3A Conceptual Framework for Mortgage Lending49
4The Literature on Mortgage Lending Discrimination up to and Including the Boston Fed Study95
5Evaluating Criticisms of the Boston Fed Study107
6Accounting for Variation in Underwriting Standards across Lenders169
7Other Dimensions of Discrimination: Pricing, Redlining, and Cultural Affinity213
8Using Performance Data to Study Mortgage Discrimination: Evaluating the Default Approach235
9Lender Behavior, Loan Performance, and Disparate-Impact Discrimination273
10Implications for Fair-Lending Enforcement313
Appendixes
ATechnical Appendix371
BData Appendix387
Notes389
References425
Name Index443
Subject Index449

What People are Saying About This

John M. Quigley

This is a splendid book. Ross and Yinger have synthesized the economic theories of mortgage market discrimination and the empirical evidence on its magnitude in the American mortgage market. The result is a model of careful research and judicious analysis on an important topic.

Gregory D. Squires

This book provides the most comprehensive review to date of what we know and do not know about mortgage lending discrimination. More importantly, it offers readily available tools that fair lending enforcement agencies can utilize to insure that all applicants will be treated in a fair and equitable manner, free from any fear of racial discrimination.

From the Publisher

This is a splendid book. Ross and Yinger have synthesized the economic theories of mortgage market discrimination and the empirical evidence on its magnitude in the American mortgage market. The result is a model of careful research and judicious analysis on an important topic.

John M. Quigley , Department of Economics, University of California, Berkeley

This book provides the most comprehensive review to date of what we know and do not know about mortgage lending discrimination. More importantly, it offers readily available tools that fair lending enforcement agencies can utilize to insure that all applicants will be treated in a fair and equitable manner, free from any fear of racial discrimination.

Gregory D. Squires , Department of Sociology, George Washington University

Ross and Yinger use their clever conceptual and empirical analyses to cut through the rhetorical fog obscuring the issue of mortgage market discrimination. Their pathbreaking test for discrimination provides the foundation for the next generation of research and enforcement initiatives.

George Galster , Hilberry Professor of Urban Affairs, Wayne State University

Endorsement

Ross and Yinger use their clever conceptual and empirical analyses to cut through the rhetorical fog obscuring the issue of mortgage market discrimination. Their pathbreaking test for discrimination provides the foundation for the next generation of research and enforcement initiatives.

George Galster, Hilberry Professor of Urban Affairs, Wayne State University

George Galster

Ross and Yinger use their clever conceptual and empirical analyses to cut through the rhetorical fog obscuring the issue of mortgage market discrimination. Their pathbreaking test for discrimination provides the foundation for the next generation of research and enforcement initiatives.

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