Fair Lending Compliance

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 9780470241899
Total Pages : 356 pages
Book Rating : 4.2/5 (418 download)

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Book Synopsis Fair Lending Compliance by : Clark R. Abrahams

Download or read book Fair Lending Compliance written by Clark R. Abrahams and published by John Wiley & Sons. This book was released on 2008-03-14 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Fair Lending ComplianceIntelligence and Implications for Credit Risk Management "Brilliant and informative. An in-depth look at innovative approaches to credit risk management written by industry practitioners. This publication will serve as an essential reference text for those who wish to make credit accessible to underserved consumers. It is comprehensive and clearly written." --The Honorable Rodney E. Hood "Abrahams and Zhang's timely treatise is a must-read for all those interested in the critical role of credit in the economy. They ably explore the intersection of credit access and credit risk, suggesting a hybrid approach of human judgment and computer models as the necessary path to balanced and fair lending. In an environment of rapidly changing consumer demographics, as well as regulatory reform initiatives, this book suggests new analytical models by which to provide credit to ensure compliance and to manage enterprise risk." --Frank A. Hirsch Jr., Nelson Mullins Riley & Scarborough LLP Financial Services Attorney and former general counsel for Centura Banks, Inc. "This book tackles head on the market failures that our current risk management systems need to address. Not only do Abrahams and Zhang adeptly articulate why we can and should improve our systems, they provide the analytic evidence, and the steps toward implementations. Fair Lending Compliance fills a much-needed gap in the field. If implemented systematically, this thought leadership will lead to improvements in fair lending practices for all Americans." --Alyssa Stewart Lee, Deputy Director, Urban Markets Initiative The Brookings Institution "[Fair Lending Compliance]...provides a unique blend of qualitative and quantitative guidance to two kinds of financial institutions: those that just need a little help in staying on the right side of complex fair housing regulations; and those that aspire to industry leadership in profitably and responsibly serving the unmet credit needs of diverse businesses and consumers in America's emerging domestic markets." --Michael A. Stegman, PhD, The John D. and Catherine T. MacArthur Foundation, Duncan MacRae '09 and Rebecca Kyle MacRae Professor of Public Policy Emeritus, University of North Carolina at Chapel Hill

The Color of Credit

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Author :
Publisher : MIT Press
ISBN 13 : 9780262264334
Total Pages : 488 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis The Color of Credit by : Stephen L. Ross

Download or read book The Color of Credit written by Stephen L. Ross and published by MIT Press. This book was released on 2002-11-08 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of current findings on mortgage-lending discrimination and suggestions for new procedures to improve its detection. In 2000, homeownership in the United States stood at an all-time high of 67.4 percent, but the homeownership rate was more than 50 percent higher for non-Hispanic whites than for blacks or Hispanics. Homeownership is the most common method for wealth accumulation and is viewed as critical for access to the most desirable communities and most comprehensive public services. Homeownership and mortgage lending are linked, of course, as the vast majority of home purchases are made with the help of a mortgage loan. Barriers to obtaining a mortgage represent obstacles to attaining the American dream of owning one's own home. These barriers take on added urgency when they are related to race or ethnicity. In this book Stephen Ross and John Yinger discuss what has been learned about mortgage-lending discrimination in recent years. They re-analyze existing loan-approval and loan-performance data and devise new tests for detecting discrimination in contemporary mortgage markets. They provide an in-depth review of the 1996 Boston Fed Study and its critics, along with new evidence that the minority-white loan-approval disparities in the Boston data represent discrimination, not variation in underwriting standards that can be justified on business grounds. Their analysis also reveals several major weaknesses in the current fair-lending enforcement system, namely, that it entirely overlooks one of the two main types of discrimination (disparate impact), misses many cases of the other main type (disparate treatment), and insulates some discriminating lenders from investigation. Ross and Yinger devise new procedures to overcome these weaknesses and show how the procedures can also be applied to discrimination in loan-pricing and credit-scoring.

Credit to the Community

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Author :
Publisher : Routledge
ISBN 13 : 1315498111
Total Pages : 331 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis Credit to the Community by : Dan Immergluck

Download or read book Credit to the Community written by Dan Immergluck and published by Routledge. This book was released on 2016-07-08 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the most comprehensive examination of community reinvestment and fair lending problems and policies currently available. It outlines the history of lending discrimination and redlining in U.S. mortgage and small business lending markets, and documents the persistence of such problems today. The author explains the role that government has played in developing banking and credit markets in the United States, from the creation of Alexander Hamilton's First Bank of the United States to the ongoing support government provides through the subsidization of secondary markets and through maintenance of critical regulatory infrastructure. Immergluck takes issue with those calling for deregulation of financial services - especially in the arena of fair lending and consumer protection - and gives new voice to rationales for social contract policies such as the Community Reinvestment Act. He provides new long-term analysis of the failure of federal bank regulators to enforce the CRA, and also shows how increased community activism and media attention have led to sporadic periods of stronger CRA enforcement. Finally, he recommends a number of policy changes that are needed to modernize the nation's fair lending and community reinvestment laws and make them more relevant for the 21st century.

From Foreclosure to Fair Lending

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Author :
Publisher : New Village Press
ISBN 13 : 1613320515
Total Pages : 352 pages
Book Rating : 4.6/5 (133 download)

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Book Synopsis From Foreclosure to Fair Lending by : Chester Hartman

Download or read book From Foreclosure to Fair Lending written by Chester Hartman and published by New Village Press. This book was released on 2013-10-22 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book informs a renewed movement for fair lending and fair housing. Leading advocates and specialists examine strategic initiatives to realize objectives of the federal Fair Housing Act as well as state and local laws Well-known fair housing and fair lending activists and organizers examine the implications of the new wave of fair housing activism generated by Occupy Wall Street protests and the many successes achieved in fair housing and fair lending over the years. The book reveals the limitations of advocacy efforts and the challenges that remain. Best directions for future action are brought to light by staff of fair housing organizations, fair housing attorneys, community and labor organizers, and scholars who have researched social justice organizing and advocacy movements. The book is written for general interest and academic audiences. Contributors address the foreclosure crisis, access to credit in a changing marketplace, and the immoral hazards of big banks. They examine opportunities in collective bargaining available to homeowners and how low-income and minority households were denied access to historically low home prices and interest rates. Authors question the effectiveness of litigation to uphold the Fair Housing Act's promise of nondiscriminatory home loans and ask how the Consumer Financial Protection Bureau is assuring fair lending. They also look at where immigrants stand, housing as a human right, and methods for building a movement.

Fair Lending

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Author :
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Fair Lending by :

Download or read book Fair Lending written by and published by . This book was released on 2009 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fair Lending

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437907911
Total Pages : 42 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Fair Lending by : Orice M. Williams

Download or read book Fair Lending written by Orice M. Williams and published by DIANE Publishing. This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve Board¿s (FRB) Regulation B prohibits lenders from collecting certain data from loan applicants, such as their race or gender, for non-mortgage loans (e.g., small bus. loans). FRB has stated that this provision of Regulation B minimizes the chances that lenders would use such data in an unlawful and discriminatory manner. However, others argue that the prohibition limits the capacity of researchers and regulators to identify discrimination in non-mortgage lending. This report analyzes: studies on possible discrimination in non-mortgage lending and the data used in them; FRB¿s 2003 decision to retain the prohibition of voluntary data collection; and the benefits and costs of a data collection and reporting requirement.

Mortgage Lending, Racial Discrimination and Federal Policy

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Author :
Publisher : Routledge
ISBN 13 : 0429827962
Total Pages : 743 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Mortgage Lending, Racial Discrimination and Federal Policy by : John Goering

Download or read book Mortgage Lending, Racial Discrimination and Federal Policy written by John Goering and published by Routledge. This book was released on 2018-12-20 with total page 743 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1997, this volume features a wealth of contributions discussing mortgage lending discrimination and the role of the FHA, fair lending enforcement and the Decatur case, along with the future of mortgage discrimination research. This key civil rights debate in the wake of the Fair Housing Act 25 years prior is evaluated and clarified through rigorous review of fair lending research, applied projects and enforcement activities to date. It argues forcefully that the right to take out a mortgage to buy a home should be conditioned only upon one’s credit worthiness and not on one’s race or ethnic group.

Fair Lending

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Publisher : DIANE Publishing
ISBN 13 : 1437920780
Total Pages : 102 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Fair Lending by : Orice Williams Brown

Download or read book Fair Lending written by Orice Williams Brown and published by DIANE Publishing. This book was released on 2010 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA) -- the "fair lending laws" -- prohibit discrimination in lending. Responsibility for their oversight is shared among three enforcement agencies -- HUD, the FTC, and Dept. of Justice -- and five depository institution regulators -- the FDIC, the Fed. Reserve, Nat. Credit Union Admin., Office of the Comptroller of the Currency, and the Office of Thrift Supervision. This report examines: (1) data used by agencies and the public to detect potential violations and options to enhance the data; (2) fed. oversight of lenders that are identified as at heightened risk of violating the fair lending laws; and (3) recent cases involving fair lending laws and associated enforcement challenges. Illus.

Fair Lending

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Publisher : DIANE Publishing
ISBN 13 : 9780788136665
Total Pages : 134 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Fair Lending by : DIANE Publishing Company

Download or read book Fair Lending written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1996-12 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal Fair Lending Laws, enacted in 1968 and 1974, prohibit discrimination in all forms of credit transactions, including consumer and business loans as well as mortgage loans. This report reviews federal efforts to strengthen enforcement of the fair lending laws, discusses the challenges federal regulators face in their efforts to detect discrimination and ensure compliance, and recommends actions to meet some of those challenges. Charts and tables.

What We Know About Mortgage Lending Discrimination in America

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Author :
Publisher : DIANE Publishing
ISBN 13 : 0788187945
Total Pages : 69 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis What We Know About Mortgage Lending Discrimination in America by : Margery Austin Turner

Download or read book What We Know About Mortgage Lending Discrimination in America written by Margery Austin Turner and published by DIANE Publishing. This book was released on 2000-07 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Department of Housing and Human Development (HUD) presents the report "What We Know About Mortgage Lending Discrimination in America." The report outlines how discrimination can affect access to mortgage capital for minorities.

Fair Housing-fair Lending Legal Seminar for Attorneys and Officials of Lending Institutions

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Author :
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Fair Housing-fair Lending Legal Seminar for Attorneys and Officials of Lending Institutions by :

Download or read book Fair Housing-fair Lending Legal Seminar for Attorneys and Officials of Lending Institutions written by and published by . This book was released on 1987 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Large Bank Mergers

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Large Bank Mergers by : United States. General Accounting Office

Download or read book Large Bank Mergers written by United States. General Accounting Office and published by . This book was released on 1999 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Credit to the Community

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Author :
Publisher :
ISBN 13 :
Total Pages : 315 pages
Book Rating : 4.:/5 (654 download)

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Book Synopsis Credit to the Community by : Daniel Immergluck

Download or read book Credit to the Community written by Daniel Immergluck and published by . This book was released on 2004 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fair Housing

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Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Fair Housing by :

Download or read book Fair Housing written by and published by . This book was released on 2002 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fair Lending Enforcement and the Data on the 1992 Home Mortgage Disclosure Act (HMDA)

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Fair Lending Enforcement and the Data on the 1992 Home Mortgage Disclosure Act (HMDA) by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Fair Lending Enforcement and the Data on the 1992 Home Mortgage Disclosure Act (HMDA) written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1994 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rooting Out Discrimination in Mortgage Lending

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Publisher :
ISBN 13 :
Total Pages : 464 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Rooting Out Discrimination in Mortgage Lending by : United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations

Download or read book Rooting Out Discrimination in Mortgage Lending written by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations and published by . This book was released on 2007 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fair Lending

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976187742
Total Pages : 102 pages
Book Rating : 4.1/5 (877 download)

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Book Synopsis Fair Lending by : United States Government Accountability Office

Download or read book Fair Lending written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-09 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA)-the "fair lending laws"- prohibit discrimination in lending. Responsibility for their oversight is shared among three enforcement agencies-the Department of Housing and Urban Development (HUD), Federal Trade Commission (FTC), and Department of Justice (DOJ)-and five depository institution regulators-the Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System (Federal Reserve), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and Office of Thrift Supervision (OTS). This report examines (1) data used by agencies and the public to detect potential violations and options to enhance the data, (2) federal oversight of lenders that are identified as at heightened risk of violating the fair lending laws, and (3) recent cases involving fair lending laws and associated enforcement challenges. GAO analyzed fair lending laws, relevant research, and interviewed agency officials, lenders, and consumer groups. GAO also reviewed 152 depository institution fair lending examination files. Depending upon file availability by regulator, GAO reviewed all relevant files or a random sample as appropriate.