by Max Dubler Introduction Providing down payment subsidies for first-time homebuyers is a good idea on the merits, but is problematic in a severely supply-constrained market like California. Prop 37 authorizes the state to issue up to $25 billion in…
Consumer-Lending Discrimination in the FinTech Era
Published: 2019 | Robert Bartlett, Adair Morse, Richard Stanton, Nancy Wallace Abstract Under U.S. fair-lending law, lenders can discriminate against minorities only for creditworthiness. Using an identification under this rule, afforded by the GSEs’ pricing of mortgage credit risk, we…