Fair Lending Analysis of Mortgage Pricing: Does Underwriting Matter?
نویسندگان
چکیده
منابع مشابه
Fair Lending Analysis of Mortgage Pricing: Does Underwriting Matter?
This paper focuses on potential interaction between the mortgage underwriting and pricing decisions for fair lending analysis of mortgage pricing. We argue that the loan approval or denial decision determines the loan origination population and therefore the underwriting policies might affect the fair lending assessment of the subsequent pricing decisions. The paper also finds that sample selec...
متن کاملThe Effect of Bank Investment on Lending. Does Capital-Adequacy Matter?
In Basel III regulations, high risk coefficients are considered for banks investments. In terms of capital adequacy restrictions, the regulations state that if a bank makes a major investment in the non-financial sector, it must deduct the same amount of capital. This study examines the effect of banks' investment on borrowing by considering the role of capital adequacy, and also the impact th...
متن کاملImproving Information Quality in Loan Approval Processes for Fair Lending and Fair Pricing
Abstract: Current banking data management on loan approval processes has great room for improvements of information quality and prevention of data problems in general, but especially with regards to fair lending and fair pricing practices. We first review briefly typical data collection protocols deployed at many financial institutions for loan approval and loan pricing. Portions of these data ...
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...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Journal of Real Estate Finance and Economics
سال: 2011
ISSN: 0895-5638,1573-045X
DOI: 10.1007/s11146-011-9319-y