Abstract
This article describes mortgage lending activity in 2012 based on newly available data reported under the Home Mortgage Disclosure Act of 1975 (HMDA). It also examines a new data set composed of HMDA records matched to borrowers? credit records. The matched data help document differences in the financial circumstances (credit scores and debt-to-income ratios) and subsequent loan performance of borrowers grouped by their race or ethnicity and income. The data also provide insight both into the potential for differential effects of the new qualified mortgage rules on access to credit across groups and into the role of the Community Reinvestment Act in the financial crisis.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
