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Do mortgage rates vary by neighborhood? Implications for loan pricing and redlining

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  • Nothaft, Frank E.
  • Perry, Vanessa G.

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  • Nothaft, Frank E. & Perry, Vanessa G., 2002. "Do mortgage rates vary by neighborhood? Implications for loan pricing and redlining," Journal of Housing Economics, Elsevier, vol. 11(3), pages 244-265, September.
    • Handle: RePEc:eee:jhouse:v:11:y:2002:i:3:p:244-265
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    1. Michael H. Schill & Susan M. Wachter, 1994. "Borrower and neighborhood racial and income characteristics and financial institution mortgage application screening," Proceedings, Federal Reserve Bank of Philadelphia, pages 223-243.
    2. Berkovec, James A & Kogut, David J & Nothaft, Frank E, 2001. "Determinants of the ARM Share of FHA and Conventional Lending," The Journal of Real Estate Finance and Economics, Springer, vol. 22(1), pages 23-41, January.
    3. David Horne, 1997. "Mortgage Lending, Race, and Model Specification," Journal of Financial Services Research, Springer;Western Finance Association, vol. 11(1), pages 43-68, February.
    4. Shear, William B. & Berkovec, James & Dougherty, Ann & Nothaft, Frank E., 1995. "Unmet Housing Needs: The Role of Mortgage Markets," Journal of Housing Economics, Elsevier, vol. 4(3), pages 291-306, September.
    5. Michael H. Schill & Susan M. Wachter, "undated". "A Tale of Two Cities: Racial and Ethnic Geographic Disparities in Home Mortgage Lending in Boston and Philadelphia," Rodney L. White Center for Financial Research Working Papers 16-93, Wharton School Rodney L. White Center for Financial Research.
    6. Holmes, Andrew & Horvitz, Paul, 1994. "Mortgage Redlining: Race, Risk, and Demand," Journal of Finance, American Finance Association, vol. 49(1), pages 81-99, March.
    7. Rosenthal Stuart S. & Zorn Peter, 1993. "Household Mobility, Asymmetric Information, and the Pricing of Mortgage Contract Rates," Journal of Urban Economics, Elsevier, vol. 33(2), pages 235-253, March.
    8. Berkovec, James A & Canner, Glenn B. & Gabriel, Stuart A. & Hannan, Timothy H., 1994. "Race, Redlining, and Residential Mortgage Loan Performance," The Journal of Real Estate Finance and Economics, Springer, vol. 9(3), pages 263-294, November.
    9. Hendershott, Patric H & Shilling, James D, 1989. "The Impact of the Agencies on Conventional Fixed-Rate Mortgage Yields," The Journal of Real Estate Finance and Economics, Springer, vol. 2(2), pages 101-115, June.
    10. Munnell, Alicia H. & Geoffrey M. B. Tootell & Lynn E. Browne & James McEneaney, 1996. "Mortgage Lending in Boston: Interpreting HMDA Data," American Economic Review, American Economic Association, vol. 86(1), pages 25-53, March.
    11. Marsha Courchane & David Nickerson, 1997. "Discrimination Resulting from Overage Practices," Journal of Financial Services Research, Springer;Western Finance Association, vol. 11(1), pages 133-151, February.
    12. Douglas D. Evanoff & Lewis M. Segal, 1996. "CRA and fair lending regulations: resulting trends in mortgage lending," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 20(Nov), pages 19-46.
    13. Griffith L. Garwood & Dolores S. Smith, 1993. "The Community Reinvestment Act: evolution and current issues," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Apr, pages 251-267.
    14. Glenn B. Canner & Wayne Passmore, 1995. "Home purchase lending in low-income neighborhoods and to low-income borrowers," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Feb, pages 71-103.
    15. Robert B. Avery & Patricia E. Beeson & Mark S. Sniderman, 1994. "Underserved mortgage markets: evidence from HMDA data," Working Papers (Old Series) 9421, Federal Reserve Bank of Cleveland.
    16. Crawford, Gordon W & Rosenblatt, Eric, 1999. "Differences in the Cost of Mortgage Credit Implications for Discrimination," The Journal of Real Estate Finance and Economics, Springer, vol. 19(2), pages 147-159, September.
    17. Robert Order & Peter Zorn, 2000. "Income, Location and Default: Some Implications for Community Lending," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 28(3), pages 385-404.
    18. Simon Firestone & Robert Van Order & Peter Zorn, 2007. "The Performance of Low‐Income and Minority Mortgages," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(4), pages 479-504, December.
    19. Robert B. Avery & Raphael W. Bostic & Paul S. Calem & Glenn B. Canner, 1996. "Credit risk, credit scoring, and the performance of home mortgages," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 82(Jul), pages 621-648, July.
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    Cited by:

    1. James Kau & Donald Keenan & Henry Munneke, 2012. "Racial Discrimination and Mortgage Lending," The Journal of Real Estate Finance and Economics, Springer, vol. 45(2), pages 289-304, August.
    2. Ozgur Emre Ergungor, 2010. "Bank Branch Presence and Access to Credit in Low‐ to Moderate‐Income Neighborhoods," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(7), pages 1321-1349, October.
    3. Wolter Hassink & Michiel Leuvensteijn, 2007. "Measuring Transparency in the Dutch Mortgage Market," De Economist, Springer, vol. 155(1), pages 23-47, March.
    4. Michiel van Leuvensteijn & Wolter Hassink, 2003. "Price-setting and price dispersion in the Dutch mortgage market," CPB Discussion Paper 21, CPB Netherlands Bureau for Economic Policy Analysis.
    5. Kusum Mundra, 2020. "Immigrant and Minority Homeownership Experience: Evidence from the 2009 American Housing Survey," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 46(1), pages 53-81, January.
    6. Mundra, Kusum, 2013. "Minority and Immigrant Homeownership Experience: Evidence from the 2009 American Housing Survey," IZA Discussion Papers 7131, Institute of Labor Economics (IZA).
    7. repec:use:tkiwps:077 is not listed on IDEAS
    8. Arturo José Galindo & Marc Hofstetter, 2008. "Mortgage Interest Rates, Country Risk and Maturity Matching in Colombia," Documentos CEDE 4544, Universidad de los Andes, Facultad de Economía, CEDE.
    9. Yan Zhang, 2013. "Fair Lending Analysis of Mortgage Pricing: Does Underwriting Matter?," The Journal of Real Estate Finance and Economics, Springer, vol. 46(1), pages 131-151, January.
    10. Ioan Voicu & Irina Paley & Andres E. Lopez & Irene Fang, 2015. "Information Externalities, Neighborhood Characteristics and Home Mortgage Pricing and Underwriting," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(3), pages 719-749, September.
    11. Paul M. Ong & Michael A. Stoll, 2007. "Redlining or risk? A spatial analysis of auto insurance rates in Los Angeles," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 26(4), pages 811-830.
    12. Mundra, Kusum & Uwaifo Oyelere, Ruth, 2013. "Determinants of Immigrant Homeownership: Examining their Changing Role during the Great Recession and Beyond," IZA Discussion Papers 7468, Institute of Labor Economics (IZA).
    13. James B. Kau & Lu Fang & Henry J. Munneke, 2019. "An Unintended Consequence of Mortgage Financing Regulation – a Racial Disparity," The Journal of Real Estate Finance and Economics, Springer, vol. 59(4), pages 549-588, November.

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