{"title":"抵押信贷的差异获取:邻里空间和种族分层的作用","authors":"Jose Loya","doi":"10.1111/ruso.12485","DOIUrl":null,"url":null,"abstract":"Inequality in homeownership is a major component of ethno-racial stratification. Previous studies demonstrate large ethno-racial differences in access and outcomes throughout the home buying process at both the individual and neighborhood levels. An underlying assumption in these studies is that neighborhood ethno-racial disparities in lending are similar across neighborhood spatial types. However, mortgage lending disparities are unclear when examining the neighborhood's racial composition across urban, suburban, and rural communities. This paper draws on annual data from the American Housing Survey and the Home Mortgage Disclosure Act (HMDA) from 2018 and 2019 to assess loan outcome disparities by neighborhood type and racial composition. I show that applicant disparities in loan outcomes vary when factoring the neighborhood's spatial type and racial composition. Borrowers seeking a mortgage in predominantly minority rural communities are more likely to be denied a mortgage than borrowers applying across all other neighborhood type and racial composition. The trends for urban communities are similar to suburban communities across adverse loan outcomes. When comparing the community's racial composition and neighborhood type, the observed lending pattern provides evidence of constrained mortgage access in rural areas, especially among minority rural communities.","PeriodicalId":47924,"journal":{"name":"RURAL SOCIOLOGY","volume":null,"pages":null},"PeriodicalIF":2.3000,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Differential Access in Mortgage Credit: The Role of Neighborhood Spatial and Racial Stratification\",\"authors\":\"Jose Loya\",\"doi\":\"10.1111/ruso.12485\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Inequality in homeownership is a major component of ethno-racial stratification. Previous studies demonstrate large ethno-racial differences in access and outcomes throughout the home buying process at both the individual and neighborhood levels. An underlying assumption in these studies is that neighborhood ethno-racial disparities in lending are similar across neighborhood spatial types. However, mortgage lending disparities are unclear when examining the neighborhood's racial composition across urban, suburban, and rural communities. This paper draws on annual data from the American Housing Survey and the Home Mortgage Disclosure Act (HMDA) from 2018 and 2019 to assess loan outcome disparities by neighborhood type and racial composition. I show that applicant disparities in loan outcomes vary when factoring the neighborhood's spatial type and racial composition. Borrowers seeking a mortgage in predominantly minority rural communities are more likely to be denied a mortgage than borrowers applying across all other neighborhood type and racial composition. The trends for urban communities are similar to suburban communities across adverse loan outcomes. When comparing the community's racial composition and neighborhood type, the observed lending pattern provides evidence of constrained mortgage access in rural areas, especially among minority rural communities.\",\"PeriodicalId\":47924,\"journal\":{\"name\":\"RURAL SOCIOLOGY\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.3000,\"publicationDate\":\"2023-03-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"RURAL SOCIOLOGY\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://doi.org/10.1111/ruso.12485\",\"RegionNum\":3,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"SOCIOLOGY\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"RURAL SOCIOLOGY","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1111/ruso.12485","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"SOCIOLOGY","Score":null,"Total":0}
Differential Access in Mortgage Credit: The Role of Neighborhood Spatial and Racial Stratification
Inequality in homeownership is a major component of ethno-racial stratification. Previous studies demonstrate large ethno-racial differences in access and outcomes throughout the home buying process at both the individual and neighborhood levels. An underlying assumption in these studies is that neighborhood ethno-racial disparities in lending are similar across neighborhood spatial types. However, mortgage lending disparities are unclear when examining the neighborhood's racial composition across urban, suburban, and rural communities. This paper draws on annual data from the American Housing Survey and the Home Mortgage Disclosure Act (HMDA) from 2018 and 2019 to assess loan outcome disparities by neighborhood type and racial composition. I show that applicant disparities in loan outcomes vary when factoring the neighborhood's spatial type and racial composition. Borrowers seeking a mortgage in predominantly minority rural communities are more likely to be denied a mortgage than borrowers applying across all other neighborhood type and racial composition. The trends for urban communities are similar to suburban communities across adverse loan outcomes. When comparing the community's racial composition and neighborhood type, the observed lending pattern provides evidence of constrained mortgage access in rural areas, especially among minority rural communities.
期刊介绍:
A forum for cutting-edge research, Rural Sociology explores sociological and interdisciplinary approaches to emerging social issues and new approaches to recurring social issues affecting rural people and places. The journal is particularly interested in advancing sociological theory and welcomes the use of a wide range of social science methodologies. Manuscripts that use a sociological perspective to address the effects of local and global systems on rural people and places, rural community revitalization, rural demographic changes, rural poverty, natural resource allocations, the environment, food and agricultural systems, and related topics from all regions of the world are welcome. Rural Sociology also accepts papers that significantly advance the measurement of key sociological concepts or provide well-documented critical analysis of one or more theories as these measures and analyses are related to rural sociology.