Gonzales, Jenna
- DePaul Honors Program
- Jul 3, 2020
- 1 min read
Racial Disparities in Access to Mortgages
I am graduating with a BA in Economics and will continue at DePaul to complete an MS in Economics and Policy Analysis. On campus, I have contributed to faculty-led research projects as a Research Assistant, served as a Teaching Assistant for econometrics, and worked as a Peer Research Tutor at the library. I analyzed racial disparities in the mortgage market for my thesis because I want to use my economic knowledge and data analysis skills to promote equity in society.
Major: Economics (BA)
Minor: GIS Certificate
Senior, College of Liberal Arts and Social Sciences
Abstract
Despite the explicit prohibition of discrimination in mortgage lending, concerns about racial disparities in access to mortgages persist. To econometrically estimate how race is associated with mortgage access, I regress two outcome variables, the probability of a loan application being denied and the interest rate of an originated loan, on a range of characteristics important to loan decisions including income, debt, the property characteristics, and basic demographics. I find that black people are more likely to be denied a mortgage and pay higher interest rates on originated loans than white people – holding all of these other important characteristics fixed.
Thesis Director: Brian Phelan, Ph.D.
Department: Economics
Faculty Reader: Jin Man Lee, Ph.D.
Department: Economics
Project Poster
Narrated Presentation
コメント