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首页> 外文期刊>Journal of Housing Economics >Racial differences in mortgage denials over the housing cycle: Evidence from US metropolitan areas
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Racial differences in mortgage denials over the housing cycle: Evidence from US metropolitan areas

机译：住房周期内抵押贷款被拒绝的种族差异：来自美国大都市地区的证据

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The cyclical movement of housing prices likely affects the supply of and demand for credit for home purchases, but little is known about how this process might influence differential access to credit between minority and non-minority borrowers. This paper uses data reported through the Home Mortgage Disclosure Act (HMDA) over the period 1990-2013 to estimate the relationship between annual metropolitan area-level house price inflation and the extent to which Black borrowers are denied relative to 'comparable' White borrowers on their loan applications. The results indicate that, on average, Black borrowers are denied more frequently than White borrowers, but this difference in denial rates decreases significantly as house prices rise more rapidly. Such results demonstrate the importance of considering local housing market conditions when using HMDA data to assess lender compliance with fair lending laws. Published by Elsevier Inc.
机译：住房价格的周期性变动可能会影响购房信贷的供求关系，但人们对这一过程如何影响少数族裔和非少数族裔借贷者获得信贷的差异知之甚少。本文使用1990年至2013年间通过房屋抵押贷款披露法（HMDA）报告的数据来估算大城市地区每年的房价通货膨胀与黑人借贷者相对于“可比较”白人借贷者被拒绝的程度之间的关系。他们的贷款申请。结果表明，平均而言，黑人借款人比白人借款人被拒绝的频率更高，但是随着房价上涨得更快，这种拒绝率的差异显着减少。这些结果表明，在使用HMDA数据评估贷方对公平贷款法的遵守情况时，考虑当地住房市场状况的重要性。由Elsevier Inc.发布

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