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Discrimination in Mortgage Lending: A Critical Review of the Literature

Journal of Real Estate Literature

Posted: 25 Nov 1998  

Michael LaCour-Little

Federal National Mortgage Association (Fannie Mae); California State University at Fullerton


This paper surveys the literature on racial disparities in mortgage lending over the past twenty five years, including a discussion of the theoretical models, empirical methods, and data used to test for discrimination. Weaknesses in the models, methods, and data typically used together with results from simulation studies cast serious doubt on many of the claims made about discrimination in mortgage lending markets. In its conclusion the paper offers some proposals for new directions in research to better understand racial differences in mortgage usage.

Notes: This is a description of the paper and is not the actual abstract.

JEL Classification: G21, J78

Suggested Citation

LaCour-Little, Michael, Discrimination in Mortgage Lending: A Critical Review of the Literature. Journal of Real Estate Literature. Available at SSRN:

Michael LaCour-Little (Contact Author)

Federal National Mortgage Association (Fannie Mae) ( email )

3900 Wisconsin Avenue, NW
Washington, DC 20016-2892
United States
202-752-3318 (Phone)

California State University at Fullerton ( email )

5133 Mihaylo Hall
Fullerton, CA 92834-6848
United States
657-278-4014 (Phone)
657-278-2161 (Fax)

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