| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10256498 | The Social Science Journal | 2005 | 8 Pages |
Abstract
This note examines the effects of community socioeconomic status on mortgage lending patterns in Metropolitan Detroit. Data from 2000 HMDA reports and the 2000 U.S. Census are analyzed using multiple regression. The results from this analysis have two important implications for research on mortgage lending. First, they indicate that the effects of variables linked to a community's socioeconomic status on mortgage lending patterns are highly intercorrelated. As a result, variations in mortgage lending appear to be the result of the combined effects of a number of socioeconomic variables acting together. Second, the results from this analysis indicate that the socioeconomic status of a community is positively correlated with mortgage lending activity. In other words, a decline in neighborhood socioeconomic status is significantly correlated with a decline in mortgage lending.
Related Topics
Social Sciences and Humanities
Psychology
Social Psychology
Authors
Robert Mark Silverman,