#racial disparity

12 01, 2024


2024-01-12T13:37:08-05:00January 12th, 2024|4- GSE Activity Report|

Bad, Bad Banks?

A new staff paper from the Federal Reserve Bank of New York assesses the tender topic of bank mortgage lending to minority borrowers.  Going beyond the usual statistics showing significant racial disparities, the paper dives into a bank-by-bank analysis of why this might be, finding significantly different and persistent fair-lending records at different banks.  Controversially, it comes up with what might be called a structural racism rationale for bank-by-bank differences when it comes to mortgage lending for African Americans.  This might not sit at all well with bankers, but it could well have political traction with progressive advocacy groups despite our methodological quibbles.


1 03, 2023


2023-03-01T16:13:02-05:00March 1st, 2023|4- GSE Activity Report|

Now, Home-Equity Discrimination, Too?

A recent FRB-Atlanta study finds that closing the racial homeownership gap alone would not redress housing market racial disparities because minority homeowners cannot equitably access home equity and thus enjoy comparable access to the economic opportunities afforded by homeownership.


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