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
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Recommended Citation
Prousanidis, Ioannis, "Discrimination in the U.S Mortgage Market: A Historic Overview of Discriminatory Practices and How the Rapid Expansion of the Secondary Market has Reshaped them and the Incentives Behind Them" (2019). Senior Projects Spring 2019. 304.
https://digitalcommons.bard.edu/senproj_s2019/304
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