Paper Spotlight: Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time
Various studies provide evidence of racial and ethnic disparities in residential mortgage lending, and show that minorities face a higher probability of being denied a mortgage and a higher cost of capital when they are approved for one. In “Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time,” Bin Wei and Feng Zhao investigate a dimension about which very little is known, the time to process a loan… Read More »Paper Spotlight: Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time