Black applicants face US mortgage discrimination – Philadelphia Fed paper

philadelphia-fed

US mortgage lenders are 3.5% to 5% less likely to give credit to Black applicants than they are to customers of other ethnicities due to bias, research from the Federal Reserve of Philadelphia finds.

The researchers estimate that this disparity cost applicants $213 billion in credit at 2018 values.

Their paper, Using high-frequency evaluations to estimate discrimination: evidence from mortgage loan officers, looks at the total stock of mortgages issued between 1994 and 2018.

Marco Giacoletti

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: