Eathington, Liesl; Swenson, David A.

September 2008

This is an analysis of home mortgage loan application data for 2006, as reported under requirements of the Home Mortgage Disclosure Act (HMDA). We included only those applications where both the race and ethnicity of the applicant were reported by the financial institution in this study. For applications with more than one borrower, only the racial and ethnic characteristics of the first applicant were considered. We excluded applications that did not move beyond the pre-approval process into the formal application process. Finally, we excluded loans that were purchased but not originated by the reporting financial institutions.

JEL Classification: R00

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