Refis and Systemic Racism: Part 3
It’s beginning to look a lot like a major policy theme:  research continues to show that GSE mortgages cost Black and Hispanic borrowers considerably more than non-Hispanic whites, especially over the course of a loan, not just at origination.  In a new paper, researchers at the Federal Reserve Bank of Atlanta blame the GSEs due to their LLPAs, but monetary policy now also comes in for the equality drubbing we think it deserves – see our EconomicEquality blog and Karen Petrou’s forthcoming book.