Residential Segregation and the Transformation of Home Mortgage Lending.
This article shows that, after decades of inequality, the 1990s saw sudden and dramatic increases in lending to low income and minority groups. Drawing in part on the work of Williams, Nesiba and McConnell (2005), we argue that government deregulation, industry restructuring and-government-insured l...
| Publicado en: | Social Forces (University of North Carolina Press) Vol. 86; no. 2; pp. 671 - 699 |
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| Autores principales: | , |
| Formato: | Artículo |
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Oxford University Press / UK
December 2007
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=508018376&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 508018376 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00377732 SFR jtl: Social Forces (University of North Carolina Press) issn: 00377732 maglogo: N pubinfo: dt: December 2007 vid: 86 iid: 2 pid: 622 pub: Oxford University Press / UK artinfo: ui: 508018376 ppf: 671 ppct: 28 formats: fmt: – @attributes: type: T – @attributes: type: P size: 7.2MB tig: atl: Residential Segregation and the Transformation of Home Mortgage Lending. aug: au: Bond, Carolyn Williams, Richard su: Housing discrimination Finance companies Corruption Mortgage loans Deregulation Economics sug: subj: Housing discrimination Finance companies Corruption Mortgage loans Deregulation Economics keyword: Mortgage brokers -- United States ab: This article shows that, after decades of inequality, the 1990s saw sudden and dramatic increases in lending to low income and minority groups. Drawing in part on the work of Williams, Nesiba and McConnell (2005), we argue that government deregulation, industry restructuring and-government-insured loans all fueled this growth by increasing the sources of loans to minorities. We further argue that this increased lending had small but perceptible effects on residential segregation. But, the transformation of the home mortgage industry also gave rise to new lenders who were quite unlike the old. We contend that the nature of lending was even more important than the amount: some lenders and types of lending had much more of an impact on residential segregation than did others. Specifically, loans from traditional lenders tended to decrease segregation. Conversely, loans from subprime and manufactured housing lenders that specialized in serving low income and minority markets either had no statistically significant effect on segregation or even increased it. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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