Date of Submission

Spring 2019

Academic Programs and Concentrations

Economics

Project Advisor 1

Michael Martell

Abstract/Artist's Statement

My paper contributes to the existing literature regarding discriminatory practices in the mortgage market. It is argued that the development of the mortgage market, and specifically the rapid expansion of the secondary market, gave rise to new discriminatory practices (predatory lending, algorithmic based discrimination). My project analyses the specifics of these developments and how they are associated with the introduction of these current discriminatory acts, outlines the changing incentives behind them and argues that current legislation has been proved to be too inflexible to adapt to the changing nature of the mortgage market and of the practices themselves. Furthermore my suggestions provide insights on how existing legislation can become more flexible in order to be able to identify such newly introduced discriminatory practices and recommend ways to monitor the sophisticated statistical decision making process of today.

Open Access Agreement

Open Access

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Included in

Economics Commons

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