Residential Segregation and the Transformation of Home Mortgage Lending

Autor/inn/en	Bond, Carolyn; Williams, Richard
Titel	Residential Segregation and the Transformation of Home Mortgage Lending
Quelle	In: Social Forces, 86 (2007) 2, S.671-698 (28 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0037-7732
Schlagwörter	Low Income; Industry; Residential Patterns; Ghettos; Minority Groups; Racial Segregation; Banking; Financial Services; Housing; Economic Change; Social Change + Suchen Sie Ihr Suchwort? Niedriglohn; Industrie; Wohnsituation; Ghetto; Ethnische Minderheit; Rassentrennung; Bankgeschäft; Unterkunft; Ökonomischer Wandel; Sozialer Wandel
Abstract	This article shows that, after decades of inequality, the 1990s saw sudden and dramatic increases in lending to low income and minority groups. Drawing in part on the work of Williams, Nesiba and McConnell (2005), we argue that government deregulation, industry restructuring and government-insured loans all fueled this growth by increasing the sources of loans to minorities. We further argue that this increased lending had small but perceptible effects on residential segregation. But, the transformation of the home mortgage industry also gave rise to new lenders who were quite unlike the old. We contend that the nature of lending was even more important than the amount: some lenders and types of lending had much more of an impact on residential segregation than did others. Specifically, loans from traditional lenders tended to decrease segregation. Conversely, loans from subprime and manufactured housing lenders that specialized in serving low income and minority markets either had no statistically significant effect on segregation or even increased it. (Contains 4 tables and 10 notes.) (Author).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10