منابع مشابه
Consumer-Lending Discrimination in the FinTech Era∗
Loan officers may discriminate based on facial features. Algorithmic scoring may imply disparate impact due to the inappropriate use of big data by FinTech lenders. To investigate these discrimination channels, we estimate a treatment-based OaxacaBlinder decomposition based on the unique mortgage-default-risk setting of the GSEs. We find that lenders reject African-American and Hispanic applica...
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This paper provides a conceptual basis for the price discovery potential for tradable market instruments and specifically the development of mortgage securitization in Asia and the potential dangers of such markets. Nonetheless we argue for the potential importance of securitization in Asia because of its possible role in increasing transparency of the financial sector of Asian economies. We pu...
متن کاملRace, Ethnicity and High Cost Mortgage Lending
This paper examines how high cost mortgage lending varies by race and ethnicity. It uses a unique panel data that matches a representative sample of mortgages in seven large metropolitan markets between 2004 and 2008 to public records of housing transactions and proprietary credit reporting data. The results reveal a significantly higher incidence of high costs loans for African-American and Hi...
متن کاملCross-Lender Variation in Home Mortgage Lending
by Robert B. Avery, Patricia E. Beeson, and Mark S. Sniderman Robert B. Avery is an associate professor in the Department of Consumer Economics and Housing, Cornell University, and Patricia E. Beeson is an associate professor of economics at the University of Pittsburgh; both are visiting scholars at the Federal Reserve Bank of Cleveland. MarkS. Sniderman is senior vice president and director o...
متن کاملHome Mortgage Lending by the Numbers
'uring the past year, several Federal Reserve reports on home mortgage lending have attracted widespread attention for what they revealed about racial lending patterns. The Federal Reserve Board, in backto-back analyses of 1990 and 1991 data gathered nationwide, reported that black and Hispanic applicants are denied credit at roughly twice the rate of white applicants. And in a study designed t...
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ژورنال
عنوان ژورنال: The Journal of FinTech
سال: 2020
ISSN: 2705-1099
DOI: 10.1142/s2705109920500042