Race and Subprime Loan Pricing

Conference object, Preprint English OPEN
Ruben Hernandez; Michael Owyang; Andra Ghent;
  • Publisher: Louvain-la-Neuve: European Regional Science Association (ERSA)
  • Subject:
    • ddc: ddc:330
    mesheuropmc: education | health care economics and organizations

In this paper we investigate whether race and ethnicity influenced subprime loan pricing during 2005, the peak of the subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual- and neighborhood-level da... View more
  • References (8)

    Demyanyk, Yuliya, 2009. \Quick Exits of Subprime Mortgages". Federal Reserve Bank of St. Louis Review, March-April, 79-94.

    Haughwout, Andrew; Mayer, Christopher; and Tracy, Joseph, 2009. \Subprime Mortgage Pricing: The Impact of Race, Ethnicity, and Gender on the Cost of Borrowing". Federal Reserve Bank of New York Sta Report no. 368.

    Holmes, Chris C. and Held, Leonhard, 2006. \Bayesian auxiliary variable models for binary and multinomial regression". Bayesian Analysis 1, 145-168.

    Kilian, Lutz, 1998. \Small-Sample Con dence Intervals for Impulse Response Functions". Review of Economics and Statistics 80, 218{230.

    Ladd, Helen F., 1998. \Evidence of Discrimination in Mortgage Lending". Journal of Economic Perspectives 12:2, 41-62.

    Mayer, Christopher J. and Pence, Karen, 2008. \Subprime Mortgages: What, Where, and to Whom?" NBER Working Paper 14083.

    Munnell, Alicia H.; Browne, Lynn E.; McEneaney, James; and Tootell, Geo rey M.B., 1996. \Mortgage Lending in Boston: Interpreting HMDA Data". American Economic Review 86:1, 25-53.

    Pagan, Adrian, 1984. \Econometric Issues in the Analysis of Regressions with Generated Regressors". International Economic Review 25, 221-247.

  • Metrics
Share - Bookmark