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 The Color of Credit: Mortgage Discrimination, Research Methodology, and Fair-Lending Enforcement by Stephen L. Ross, In 2000, homeownership in the United States stood at an all-time high of 67.4 percent, but the homeownership rate was more than 50 percent higher for non-Hispanic whites than for blacks or Hispanics. Homeownership is the most common method for wealth accumulation and is viewed as critical for access to the most desirable communities and most comprehensive public services. Homeownership and mortgage lending are linked, of course, as the vast majority of home purchases are made with the help of a mortgage loan. Barriers to obtaining a mortgage represent obstacles to attaining the American dream of owning one's own home. These barriers take on added urgency when they are related to race or ethnicity.In this book Stephen Ross and John Yinger discuss what has been learned about mortgage-lending discrimination in recent years. They re-analyze existing loan-approval and loan-performance data and devise new tests for detecting discrimination in contemporary mortgage markets. They provide an in-depth review of the 1996 Boston Fed Study and its critics, along with new evidence that the minority-white loan-approval disparities in the Boston data represent discrimination, not variation in underwriting standards that can be justified on business grounds. Their analysis also reveals several major weaknesses in the current fair-lending enforcement system, namely, that it entirely overlooks one of the two main types of discrimination (disparate impact), misses many cases of the other main type (disparate treatment), and insulates some discriminating lenders from investigation. Ross and Yinger devise new procedures to overcome these weaknesses and show how the procedures can also be applied todiscrimination in loan-pricing and credit-scoring.
Mortgage broker - A mortgage broker acts as an intermediary who sources mortgages on behalf of individuals or businesses. Collateralized mortgage obligation - A collateralized mortgage obligation (CMO), created in June 1983 by investment banks Salomon Brothers and First Boston, is a type of mortgage-backed security, which has been divided up into tranches. This article is essentially restricted to CMO bonds as traded in the United States of America. Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage. Global One Lending - Global One Lending is a Sacramento-based residential mortgage broker, licensed in the state of California, founded by Vietnamese-American entrepreneurs Robert Do and Quinn Dang in April, 2003.
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Broker Course Florida Mortgage - Broker Course Florida Mortgage Florida Mortgage Broker's Guide Description not available. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved. FOR BEST PRICE Tips& Traps When Mortgage Hunting Expert guidance to help you find a top broker, low rate, broker course florida mortgage and speedy approval on any mortgage Tips broker course florida mortgage and Traps When Mortgage Hunting, Third Edition, covers every vital aspect of finding the right mortgage, from finding broker course florida mortgage and ... Florida Mortgage Broker License - Florida Mortgage Broker License Florida Mortgage Broker's Guide Description not available. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved. FOR BEST PRICE Tips& Traps When Mortgage Hunting Expert guidance to help you find a top broker, low rate, florida mortgage broker license and speedy approval on any mortgage Tips florida mortgage broker license and Traps When Mortgage Hunting, Third Edition, covers every vital aspect of finding the right mortgage, from finding florida mortgage broker license and ... Florida Mortgage Broker Licensing - Florida Mortgage Broker Licensing Florida Mortgage Broker's Guide Description not available. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved. FOR BEST PRICE Tips& Traps When Mortgage Hunting Expert guidance to help you find a top broker, low rate, florida mortgage broker licensing and speedy approval on any mortgage Tips florida mortgage broker licensing and Traps When Mortgage Hunting, Third Edition, covers every vital aspect of finding the right mortgage, from finding florida mortgage broker licensing and ... Mortgage Broker License in Florida - Mortgage Broker License in Florida Florida Mortgage Broker's Guide Description not available. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved. FOR BEST PRICE Tips& Traps When Mortgage Hunting Expert guidance to help you find a top broker, low rate, mortgage broker license in florida and speedy approval on any mortgage Tips mortgage broker license in florida and Traps When Mortgage Hunting, Third Edition, covers every vital aspect of finding the right mortgage, from finding mortgage broker ...
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