Lending Discrimination: Economic Theory, Econometric Evidence, and the Community Reinvestment Act

Georgetown Law Journal

Volumn 85, Issue 2, 1996, Pages 237-

  Hylton, Keith N ^a   Rougeau, Vincent D ^a  

^a NONE

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EID: 0347211637     PISSN: 00168092     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (8)

1. 12 U.S.C. §§ 2901-07 (1994).
2. See John D. Kasarda, Inner-City Concentrated Poverty and Neighborhood Distress: 1970 to 1990, 4 HOUSING POL'Y DEBATE 253, 253 (1993) (noting that "[r]esults show that despite some encouraging individual city turnarounds in the Northeast . . . urban poverty concentration and neighborhood distress worsened nationwide between 1980 and 1990").
3. John R. Wilke, Giving Credit: Mortgage Lending to Minorities Shows a Sharp 1994 Increase, WALL ST. J., Feb. 13, 1996, at A1, A8.
4. See, e.g., A. Brooke Overby, The Community Reinvestment Act Reconsidered, 143 U. PA. L. REV. 1431, 1432-34 (1995) (discussing Clinton administration's efforts to enhance enforcement of statute).
5. The Home Mortgage Disclosure Act of 1975 ("HMDA"), 12 U.S.C. §§ 2801-09 (1994), was amended in 1989 to require disclosure of information on individual loan applicants. See, e.g., Glenn B. Canner & Dolores S. Smith, Home Mortgage Disclosure Act: Expanded Data on Residential Lending, 77 FED. RESERVE BULL. 859 (1991) (discussing implications of expanded HMDA data). The new data permit researchers and bank regulators to determine whether similarly situated white and minority applicants have the same prospects of receiving a residential loan. Id. at 861-63.
6. See Wilke, supra note 3, at A1.
7. S. REP. No. 175, 95th Cong., 1st Sess. 33 (1977); see also H.R. REP. No. 236, 95th Cong., 1st Sess. 2 (1977), reprinted in 1977 U.S.C.C.A.N. 2884; Jonathan R. Macey & Geoffrey P. Miller, The
8. S. REP. No. 175, 95th Cong., 1st Sess. 33 (1977); see also H.R. REP. No. 236, 95th Cong., 1st Sess. 2 (1977), reprinted in 1977 U.S.C.C.A.N. 2884; Jonathan R. Macey & Geoffrey P. Miller, The