A Research Note on Discrimination in Mortgage Lending

A Research Note on Discrimination in Mortgage Lending

This paper examines the hypothesis that mortgage lenders rank applications from better to worst and encourage the better ones to apply. A second ranking occurs when the application is ranked by the loan committee and funds are approved from the top of the list until exhausted. A theoretically correc...

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Veröffentlicht in:AREUEA Journal 1985-12, Vol.13 (4), p.446-451
Hauptverfasser: Epley, Donald R., Cronan, Timothy P., Perry, Larry
Format: Artikel
Sprache:eng
Schlagworte:
Applications
Discriminant analysis
Discrimination
Hypotheses
Lenders
Mortgages
Studies
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creator Epley, Donald R.
Cronan, Timothy P.
Perry, Larry
description This paper examines the hypothesis that mortgage lenders rank applications from better to worst and encourage the better ones to apply. A second ranking occurs when the application is ranked by the loan committee and funds are approved from the top of the list until exhausted. A theoretically correct procedure for analyzing the resulting multivariate ordinal data is the little known rank multiple discriminant analysis. Preliminary results have revealed that this technique produces a “best” model with fewer variables and a higher classification rate than the commonly known multiple discriminant analysis, logit, or probit.
doi_str_mv 10.1111/1540-6229.00364
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source Business Source Complete; Periodicals Index Online; Access via Wiley Online Library
subjects Applications
Discriminant analysis
Discrimination
Hypotheses
Lenders
Mortgages
Studies
title A Research Note on Discrimination in Mortgage Lending
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