Reasons for refusing mortgages ‘do not explain racial disparity’

 House and dollars

Lenders’ reported reasons for denying mortgages do not adequately explain why an outsize proportion of refusals are aimed at people of colour, a new study has found. 

The research was published on January 18 by the Federal Reserve Bank of Minneapolis. The authors – Ben Horowitz, Kim-Eng Ky and Libby Starling – had previously analysed confidential data compiled under the Home Mortgage Disclosure Act (HMDA). This data, to which the Federal Reserve has privileged access, included “credit scores and

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.