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Mortgage lending in Boston: interpreting HMDA data
Journal article   Peer reviewed

Mortgage lending in Boston: interpreting HMDA data

Alicia H Munnell, Geoffrey M.B Tootell, Lynn E Browne and James McEneaney
The American economic review, Vol.86(1), pp.25-53
03/01/1996

Abstract

Analysis Minorities Mortgage discrimination Social aspects
Race plays a major role in mortgage lending. Reports through the Home Mortgage Disclosure Act reveal that minorities are more likely to be refused mortgage loans than whites. This implies that racial discrimination exists in the mortgage lending business despite lack of evidence that belonging to the white race is a guarantee that loans will be paid. Leaders, civic groups and the state must cooperate to correct this unfair practice.

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