Patterns of Lending to Low-Income and Minority Persons and Neighborhoods: The 1999 New York Metropolitan Area Lending Scorecard

72 Pages Posted: 15 Feb 2002  

Richard D. Marsico

New York Law School

Abstract

This paper analyzes home mortgage lending patterns in the New York Metropolitan Area. It examines lending to four particular underserved populations: minority persons, predominantly minority neighborhoods; low-income persons; and low-income neighborhoods. The paper compares lending to these populations to lending to control groups and over time in order to evaluate whether the needs of the underserved populations are being met. The paper also analyzes the records of individual lenders at meeting the credit needs of those four populations and ranks the lenders accordingly. The paper also analyzes trends in subprime lending to these four populations.

Suggested Citation

Marsico, Richard D., Patterns of Lending to Low-Income and Minority Persons and Neighborhoods: The 1999 New York Metropolitan Area Lending Scorecard. NY Law School Journal of Human Rights, Vol. 27, Pp. 199, 2001. Available at SSRN: https://ssrn.com/abstract=299568 or http://dx.doi.org/10.2139/ssrn.299568

Richard Marsico (Contact Author)

New York Law School ( email )

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