Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270444 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 2022-1
Publisher: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Abstract: 
This paper examines racial disparities in mortgage processing time prior to the global financial crisis. We find that Black borrowers are underrepresented and experience a longer processing time than White borrowers among the mortgages securitized by government-sponsored enterprises. At the same time, Black borrowers are overrepresented and face a similar processing time among privately securitized mortgages. Additionally, Black borrowers are strongly associated with the faster segments of mortgage markets, faster lenders within each segment, and the types of loan products that are processed faster, all of which subsequently experienced higher defaults.
Subjects: 
processing time
lending standards
racial disparities
mortgage loans
JEL: 
G01
G21
G23
R30
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
384.84 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.