Luis Adrian Lopez - Academia.edu (original) (raw)
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Papers by Luis Adrian Lopez
SSRN Electronic Journal, 2018
We test for preferential treatment in mortgage contracts using a novel dataset that allows us to ... more We test for preferential treatment in mortgage contracts using a novel dataset that allows us to observe the race and ethnicity of both parties to the contract. We find that minorities pay more in fees than similarly qualified whites when obtaining a loan through the same white broker. Critically, we find that the premium paid by minorities depends on the race of the broker. We also examine recent policy changes regarding broker compensation rules that may reduce these price disparities, but may also limit access to credit for minorities.
SSRN Electronic Journal, 2018
We test for preferential treatment in mortgage contracts using a novel dataset that allows us to ... more We test for preferential treatment in mortgage contracts using a novel dataset that allows us to observe the race and ethnicity of both parties to the contract. We find that minorities pay more in fees than similarly qualified whites when obtaining a loan through the same white broker. Critically, we find that the premium paid by minorities depends on the race of the broker. We also examine recent policy changes regarding broker compensation rules that may reduce these price disparities, but may also limit access to credit for minorities.