Mortgage lending in Chicago and Los Angeles: A paired testing study of the pre-application process |
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| Authors: | Stephen L Ross Margery Austin Turner Erin Godfrey Robin R Smith |
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| Institution: | aDepartment of Economics, University of Connecticut, Storrs, CT 06269-1063, USA;bUrban Institute, Metropolitan Housing and Communities Policy Center, Washington, DC, USA;cDepartment of Psychology, New York University, New York, NY, USA |
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| Abstract: | In 2000, the Urban Institute paired African-American and Hispanic testers with whites and sent the pairs to visit lenders in Chicago and Los Angeles, in order to inquire about information on obtaining a home mortgage. In Chicago, African Americans and Hispanics systematically received less information and assistance than comparable whites; while in Los Angeles, the treatment of minority and white testers did not differ statistically from each other. Multivariate analyses for Chicago indicate that large lenders treat minorities more favorably than smaller lenders and that lenders with substantial numbers of applications from African-Americans treat African-Americans more favorably than lenders with predominantly white application pools. |
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| Keywords: | Mortgage lending Discrimination Paired testing Fair lending |
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