Discrimination in mortgage lending: The Home Mortgage Disclosure Act

1982 ◽  
Vol 1 (3) ◽  
pp. 283-296 ◽  
Author(s):  
Rebecca F. Guy ◽  
Louis G. Pol ◽  
Randy E. Ryker
Keyword(s):  
Mortgage Lending ◽  
Home Mortgage Disclosure Act ◽  
Home Mortgage

scholarly journals The Home Mortgage Disclosure Act And Subprime Lending

2010 ◽  
Vol 26 (5) ◽  
Author(s):  
Rakesh K. Gupta ◽  
Hari Sharma ◽  
Cheryl E. Mitchem
Keyword(s):  
Mortgage Lending ◽  
Predatory Lending ◽  
Subprime Lending ◽  
Fixed Rate ◽  
Mortgage Industry ◽  
Reporting Requirements ◽  
Home Mortgage Disclosure Act ◽  
Adjustable Rate Mortgage ◽  
Home Mortgage ◽  
The Impact

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt; mso-pagination: none;"><span style="color: black; font-size: 10pt; mso-themecolor: text1;"><span style="font-family: Times New Roman;">This research paper focuses on the analysis of subprime lending activities in specific geographic area in the light of reporting requirements of the Home Mortgage Disclosure Act (HMDA). This cross sectional study has focused on the detailed analysis of mortgage data for the selected Metropolitan Statistical Areas (MSA) from a socio-economic perspective. The objective of this research is to assess the impact of predatory lending in selected geographic regions. Another dimension of the research focuses on the role of mortgage lending from a securitization point of view. The study reveals that private securitization (PSEC) mortgages grew dramatically not only by the number of loans but also significantly by the dollar amount due to subprime lending activities during the period of study. The growth in PSEC loans affected mortgage lending in several ways, such as, increasing subprime lending, boosting home prices, and undermining mortgage industry regulations. Additionally, Government-Sponsored Enterprises (GSEs) loan originations also increased the number of subprime loans because of relaxed reporting requirements which contributed to increased delinquencies and foreclosures for conforming loans. The study further reveals that HMDA reporting requirements allowed the mortgage industry to conceal the loans that had spreads above the prime rate of up to 3.5 points for Fixed Rate Mortgage or 5 points for Adjustable Rate Mortgage (ARM). The study of mortgage lending programs, products, and regulatory laws have also been examined to assess the impact of predatory lending on homeownership. </span></span></p>

scholarly journals Residential Mortgage Lending in 2016: Evidence from the Home Mortgage Disclosure Act Data

2017 ◽  
Vol 103 (6) ◽  
pp. 0-0
Author(s):  
Neil Bhutta ◽  
◽  
Steven Laufer ◽  
Daniel R. Ringo
Keyword(s):  
Mortgage Lending ◽  
Residential Mortgage ◽  
Home Mortgage Disclosure Act ◽  
Home Mortgage

scholarly journals Residential Mortgage Lending from 2004 to 2015: Evidence from the Home Mortgage Disclosure Act Data

2016 ◽  
Vol 102 (6) ◽  
pp. 0-0
Author(s):  
Neil Bhutta ◽  
◽  
Daniel R. Ringo
Keyword(s):  
Mortgage Lending ◽  
Residential Mortgage ◽  
Home Mortgage Disclosure Act ◽  
Home Mortgage

Information, Neighborhood Characteristics, and Home Mortgage Lending

2001 ◽  
Vol 49 (2) ◽  
pp. 337-355 ◽  
Author(s):  
Emily Y. Lin
Keyword(s):  
Mortgage Lending ◽  
Neighborhood Characteristics ◽  
Home Mortgage

scholarly journals The Mortgage Market in 2011: Highlights from the Data Reported under the Home Mortgage Disclosure Act

2012 ◽  
Vol 98 (6) ◽  
pp. 0-0 ◽  
Author(s):  
Robert B. Avery ◽  
◽  
Neil Bhutta ◽  
Kenneth P. Brevoort ◽  
Glenn B. Canner
Keyword(s):  
Mortgage Market ◽  
Home Mortgage Disclosure Act ◽  
Home Mortgage

scholarly journals Housing Affordability: Local and National Perspectives

2018 ◽  
Vol 3 (5) ◽  
Author(s):  
Laurie Goodman ◽  
Wei Li ◽  
Jun Zhu
Keyword(s):  
Local Area ◽  
Housing Affordability ◽  
Metropolitan Statistical Area ◽  
Area Index ◽  
New Approach ◽  
Home Mortgage Disclosure Act ◽  
Homeownership Rate ◽  
Race Ethnicity ◽  
Home Mortgage ◽  
Statistical Area

This paper presents a new approach to measuring affordable homeownership. Future changes in the homeownership rate will depend on the ability of today’s renters to become homeowners. Our proposed housing affordability for renters index (HARI) focuses on how affordable homeownership is for current renters. We look at the share of renters who reported the same or more income than those who recently purchased a home using a mortgage, in effect measuring how many renters have enough income to purchase a house. For each metropolitan statistical area (MSA), we construct a local area index that compares renters and borrowers in the same MSA and a national index that compares renters nationwide with homeowners in a specific MSA. We rely on the Administrative Data Research Facility to construct these indices. This database, constructed by the Urban Institute, aggregates American Community Survey variables and Home Mortgage Disclosure Act variables to common geographies. The new indices reveal that slightly more than a quarter of current US renters have incomes higher than those who recently became homeowners using a mortgage. The indices also reveal how housing affordability differs over time and across race/ethnicity groups and locations. We demonstrate the value of our new indices by showing that they are predictive of homeownership rates: MSAs that are deemed more affordable by our index have higher homeownership rates.

scholarly journals Home-Mortgage Lending Trends in New England in 2010

2012 ◽  
Author(s):  
Ana Patricia Munoz
Keyword(s):  
New England ◽  
Mortgage Lending ◽  
Home Mortgage

Manufactured Housing Finance: New Insights from the Home Mortgage Disclosure Act Data

2021 ◽  
Author(s):  
Karl Schneider ◽  
Nicholas Schwartz ◽  
Jessica Russell ◽  
Eleanor O'Reilly ◽  
Nicolas Melton ◽  
...  
Keyword(s):  
Housing Finance ◽  
Manufactured Housing ◽  
Home Mortgage Disclosure Act ◽  
Home Mortgage
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