Mortgage Lending and Race: Conceptual and Analytical Perspectives of the Urban Financing ProblemMortgage Lending and Race examines the urban financing problem - the difficulty faced by residents of urban neighborhoods in obtaining institutional mortgages or loans for purchasing, refinancing, or repairing properties. An economic model, Listokin and Casey argue, perceives lenders as being guided solely by economic considerations. An empirical analysis supports an eco-race model: lenders are guided by both economic and racial influences. Such behavior is exhibited when considering both the macro and micro dynamic.To convey their arguments, Listokin and Casey divide their research into four parts: Problem and Model Definition; Empirical Investigation; Summary and Conclusions; and Bibliography. The first considers the objectives of the analysis of the economic and eco-race models and the findings of the existing literature. The second section discusses the methodology chosen for the investigation of this problem and presents macro neighborhood and micro applicant analyses. The third summarizes findings, interprets their significance, and suggests the linkage of the findings to existing theory. The final section is an annotated bibliography, citing books, articles, hearings, newspaper reports, other sources on the urban financing problem, and proposed solutions. Given the state of affairs in the American lending crisis, this book will provide insight on solving the current financial dilemma; as such it should be read by all policymakers. |
Contents
THE URBAN FINANCING PROBLEM | 3 |
THE ECONOMIC | 17 |
Influences on Urban Mortgage Lending | 23 |
Copyright | |
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Common terms and phrases
94th Congress analysis associated Census tract Center for Urban Chapter Chicago Survey 1973 Civil Rights Comptroller considered credit shortfall DBPY debt Degrees of freedom discusses Disinvestment DISP eco-race models economic and eco-race economic and racial economic variables examined Exhibit explain factors Federal Home Loan FHLBB financial institutions freedom equal gamma Government Printing Office groups home improvement Home Loan Bank homoscedasticity Housing Markets INCO income independent variables influence lenders loan applicants Loan Bank Board Loan data loan demand loan selection loan volume locations macro data micro minority Mortgage Lending mortgage loans National Urban League number of loans Number of mortgages percent Policy Purchase Price PURPR race effect racial discrimination Real Estate redlining regression analysis relationship sample Savings and Loan significant statistical strategies tion underwriting UNEMPL urban financing problem urban lending urban neighborhoods VACANT variation versus Washington WHITE York zip code area
References to this book
Race, Ethnicity, and Place in a Changing America John W. Frazier,Eugene Tettey-Fio No preview available - 2006 |