Inadequate Reporting Results in Hazy Higher-Priced Loan Data
September 22, 2008
Black and Hispanic borrowers are more likely to obtain higher-priced loans and denied more often for conventional mortgages compared to white borrowers, according to a Federal Reserve Board analysis of 2007 Home Mortgage Disclosure Act data. Racial and ethnicity gaps remain for higher-priced home-purchase loans and refinancings regardless of the period considered... [Includes one chart]