The Decline in Lending to Lower-Income Borrowers by the Biggest Banks

Posted: 16 Oct 2017

See all articles by Neil Bhutta

Neil Bhutta

Board of Governors of the Federal Reserve System

Steven Laufer

Board of Governors of the Federal Reserve System

Daniel Ringo

Board of Governors of the Federal Reserve System

Date Written: September 28, 2017

Abstract

Data collected under the Home Mortgage Disclosure Act (HMDA) reveal that the largest banks have significantly reduced their share of mortgage lending to low- and moderate-income (LMI) households in recent years.

Suggested Citation

Bhutta, Neil and Laufer, Steven and Ringo, Daniel, The Decline in Lending to Lower-Income Borrowers by the Biggest Banks (September 28, 2017). FEDS Notes No. 2017-09-28-1 https://doi.org/10.17016/2380-7172.2077, Available at SSRN: https://ssrn.com/abstract=3713408

Neil Bhutta (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Steven Laufer

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-475-6608 (Phone)
202-728-5889 (Fax)

Daniel Ringo

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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