Please use this identifier to cite or link to this item: https://doi.org/10.1007/s12197-010-9163-6
Title: Does mandatory disclosure affect subprime lending to minority neighborhoods?
Authors: Huszár, Z.R. 
Lentz, G.H.
Yu, W.
Keywords: Depository Institutions
Information Disclosure
Nondepository Institutions
Subprime Mortgage Lending
Issue Date: 2012
Source: Huszár, Z.R.,Lentz, G.H.,Yu, W. (2012). Does mandatory disclosure affect subprime lending to minority neighborhoods?. Journal of Economics and Finance 36 (4) : 900-924. ScholarBank@NUS Repository. https://doi.org/10.1007/s12197-010-9163-6
Abstract: We examine changes in lending behavior in response to the Federal Reserve's requirement for disclosure of loan pricing information implemented in 2004 for two broad types of lenders, depository and nondepository institutions. We find that although subprime approval rates generally increased after 2004 as the housing market boomed, there was nonetheless a reduction in subprime approval rates to minority neighborhoods following implementation of the pricing disclosure requirement. We also find that the effect of the pricing disclosure requirement on subprime approval rates was stronger for depository institutions than for nondepository institutions. Moreover, depository institutions with good reviews from regulators for effectively serving the financing needs of local communities are less likely to issue higher-priced subprime loans. © 2010 Springer Science+Business Media, LLC.
Source Title: Journal of Economics and Finance
URI: http://scholarbank.nus.edu.sg/handle/10635/44434
ISSN: 10550925
DOI: 10.1007/s12197-010-9163-6
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