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Under-specified models and detection of discrimination in mortgage lending
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Dietrich, Jason Lynn. |
| Temporal Coverage | 2003 |
| Abstract | "Most empirical studies of discrimination in mortgage lending can be criticized for omitted variable bias. With access to data and policy guidelines typically unavailable to researchers, the OCC is in a unique position to assess the importance of omitted variables on fair lending models. This study examines how variables available to the OCC, but often unavailable to researchers, affect estimates from statistical models and identification of outliers for manual review. The results show that omitted variables have an important impact on both the estimate of the effect of race and on the identification of outliers for review. Further, there appears to be no consistent patterns to the direction of these impacts. This suggests that it is inappropriate to make generalizations about the potential direction of bias based on assumptions about the correlations between omitted variables and race"--Office of the Comptroller of the Currency web site. |
| Language | English |
| Publisher | Office of the Comptroller of the Currency, |
| Publisher Place | Washington, DC |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Discrimination in Mortgage Loans Mortgage Loans |
| Subject Domain (in LCSH) | Discrimination in mortgage loans |
| Subject Domain (in LCSH) | Mortgage loans |
| Subject Domain (in LCC) | HG2401 |
| Content Type | Text |
| Resource Type | Book |
