Does Borrower and Broker Race Affect the Cost of Mortgage Credit?
研究发现，通过同一白人经纪人贷款时，少数族裔比资质相似的白人多支付3%至5%的费用，且费用溢价取决于经纪人的种族。同时探讨了经纪人薪酬规则改革对减少价格差异和信贷获取的影响。
Abstract We test for pricing disparities in mortgage contracts using a novel data set that allows us to observe the race and ethnicity of both parties to the loan. We find that minorities pay between 3% and 5% more in fees than similarly qualified whites when obtaining a loan through the same white broker. Critically, we find that the premium paid by minorities depends on the race of the broker. We also examine recent policy changes around broker compensation rules that may not only reduce these price disparities but may also limit access to credit for minorities.