What We Know About Mortgage
Lending Discrimination In America

Table of Contents

Acknowledgements
Foreword

Executive Summary

Introduction


Why It Is Difficult To Measure Lending Discrimination
Different Forms of Discrimination
Possible Motives for Discrimination
Potential for Discrimination Throughout the Mortgage
Lending Process

Stage 1: Advertising And Outreach
Stage 2: Pre-Application Inquiries
Stage 3: The Loan Approval Or Disapproval Decision

What We Can Learn from the Boston Fed Study
Using Defaults to Measure Discrimination in Loan Approvals
Redlining
Negotiating Loan Terms

Stage 4: Loan Administration

A Look At The Process From A Lender's Perspective


Profile of a Mortgage Lender
The Lender's Origination Process
Potential for Discrimination
Improving Fair Lending Performance

Expanding The Knowledge Base

Launch Systematic Research on Office Locations, Outreach,
and Referrals
Expand and Refine Paired Testing of Lenders
Conduct a Rigorous Statistical Analysis of Mortgage Approvals
Nationwide
Design and Conduct Research on Loan Terms and Conditions
Further Evaluate "Best Practices" for Remedying Discrimination

Endnotes
Bibliography