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Working Paper

Accounting For Racial Differences in Housing Credit Markets

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A documentation of racial and neighborhood differences in home mortgage denial rates using data collected under the Home Mortgage Disclosure Act, exploring the extent to which objective lending criteria are responsible for observed differences. The authors find persistent variations in denial rates between white and minority applicants, but emphasize that the HMDA data do not contain enough relevant information to draw any firm conclusions regarding causation.
12.01.1993ISSN 2573-7953 WP 93-10DOI 10.26509/frbc-wp-199310

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Avery, Robert B. , Patricia E. Beeson, and Mark S. Sniderman. 1993. “Accounting For Racial Differences in Housing Credit Markets.” Federal Reserve Bank of Cleveland, Working Paper No. 93-10. https://doi.org/10.26509/frbc-wp-199310