Mortgage Lending in Boston: Interpreting HMDA Data
利用波士顿联邦储备银行补充数据，分析种族因素在抵押贷款审批中的作用，发现种族仍显著影响贷款决策，但影响程度较原始数据有所降低。
The Home Mortgage Disclosure Act was enacted to monitor minority and low-income access to the mortgage market. The data collected for this purpose show that minorities are more than twice as likely to be denied a mortgage as whites. Yet variables correlated with both race and creditworthiness were omitted from these data, making any conclusion about race's role in mortgage lending impossible. The Federal Reserve Bank of Boston collected additional variables important to the mortgage lending decision and found that race continued to play an important, though significantly diminished, role in the decision to grant a mortgage. Copyright 1996 by American Economic Association.