Discriminating Risk : : The U.S. Mortgage Lending Industry in the Twentieth Century / / Guy Stuart.
The U.S. home mortgage industry first formalized risk criteria in the 1920s and 1930s to determine which applicants should receive funds. Over the past eighty years, these formulae have become more sophisticated. Guy Stuart demonstrates that the very concepts on which lenders base their decisions re...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2018] ©2003 |
Year of Publication: | 2018 |
Language: | English |
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Physical Description: | 1 online resource (272 p.) :; 6 charts/graphs, 4 maps, 2 halftones, 1 line drawing, 11 tables |
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Stuart, Guy, author. aut http://id.loc.gov/vocabulary/relators/aut Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / Guy Stuart. Ithaca, NY : Cornell University Press, [2018] ©2003 1 online resource (272 p.) : 6 charts/graphs, 4 maps, 2 halftones, 1 line drawing, 11 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- Figures and Tables -- Acknowledgments -- Introduction -- 1. The Meaning of Value -- 2. Rules for Assessing the Borrower and Managing Behavioral Risk -- 3. The Loan Application Process -- 4. Constructing Housing Markets -- 5. Lending Discrimination -- 6. Constructing Risk -- 7. New Policy Approaches to Discrimination and Subprime Lending -- Appendix -- Abbreviations -- Notes -- References -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star The U.S. home mortgage industry first formalized risk criteria in the 1920s and 1930s to determine which applicants should receive funds. Over the past eighty years, these formulae have become more sophisticated. Guy Stuart demonstrates that the very concepts on which lenders base their decisions reflect a set of social and political values about "who deserves what." Stuart examines the fine line between licit choice and illicit discrimination, arguing that lenders, while eradicating blatantly discriminatory practices, have ignored the racial and economic-class biases that remain encoded in their decision processes. He explains why African Americans and Latinos continue to be at a disadvantage in gaining access to loans: discrimination, he finds, results from the interaction between the way lenders make decisions and the way they shape the social structure of the mortgage and housing markets.Mortgage lenders, Stuart contends, are embedded in and shape a social context that can best be understood in terms of rules, networks, and the production of space. Stuart's history of lenders' risk criteria reveals that they were synthesized from rules of thumb, cultural norms, and untested theories. In addition, his interviews with real estate and lending professionals in the Chicago housing market show us how the criteria are implemented today. Drawing on census and Home Mortgage Disclosure Act data for quantitative support, Stuart concludes with concrete policy proposals that take into account the social structure in which lenders make decisions. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Apr 2024) Discrimination in housing Illinois Chicago. Discrimination in housing United States. Mortgage loans United States. Race discrimination United States. Political Science & Political History. U.S. History. POLITICAL SCIENCE / Public Policy / Social Policy. bisacsh Title is part of eBook package: De Gruyter Cornell University Press Backlist 2000-2013 9783110536157 https://doi.org/10.7591/9781501729966 https://www.degruyter.com/isbn/9781501729966 Cover https://www.degruyter.com/document/cover/isbn/9781501729966/original |
language |
English |
format |
eBook |
author |
Stuart, Guy, Stuart, Guy, |
spellingShingle |
Stuart, Guy, Stuart, Guy, Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / Frontmatter -- Contents -- Figures and Tables -- Acknowledgments -- Introduction -- 1. The Meaning of Value -- 2. Rules for Assessing the Borrower and Managing Behavioral Risk -- 3. The Loan Application Process -- 4. Constructing Housing Markets -- 5. Lending Discrimination -- 6. Constructing Risk -- 7. New Policy Approaches to Discrimination and Subprime Lending -- Appendix -- Abbreviations -- Notes -- References -- Index |
author_facet |
Stuart, Guy, Stuart, Guy, |
author_variant |
g s gs g s gs |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Stuart, Guy, |
title |
Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / |
title_sub |
The U.S. Mortgage Lending Industry in the Twentieth Century / |
title_full |
Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / Guy Stuart. |
title_fullStr |
Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / Guy Stuart. |
title_full_unstemmed |
Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / Guy Stuart. |
title_auth |
Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / |
title_alt |
Frontmatter -- Contents -- Figures and Tables -- Acknowledgments -- Introduction -- 1. The Meaning of Value -- 2. Rules for Assessing the Borrower and Managing Behavioral Risk -- 3. The Loan Application Process -- 4. Constructing Housing Markets -- 5. Lending Discrimination -- 6. Constructing Risk -- 7. New Policy Approaches to Discrimination and Subprime Lending -- Appendix -- Abbreviations -- Notes -- References -- Index |
title_new |
Discriminating Risk : |
title_sort |
discriminating risk : the u.s. mortgage lending industry in the twentieth century / |
publisher |
Cornell University Press, |
publishDate |
2018 |
physical |
1 online resource (272 p.) : 6 charts/graphs, 4 maps, 2 halftones, 1 line drawing, 11 tables |
contents |
Frontmatter -- Contents -- Figures and Tables -- Acknowledgments -- Introduction -- 1. The Meaning of Value -- 2. Rules for Assessing the Borrower and Managing Behavioral Risk -- 3. The Loan Application Process -- 4. Constructing Housing Markets -- 5. Lending Discrimination -- 6. Constructing Risk -- 7. New Policy Approaches to Discrimination and Subprime Lending -- Appendix -- Abbreviations -- Notes -- References -- Index |
isbn |
9781501729966 9783110536157 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG2040 |
callnumber-sort |
HG 42040.5 U5 S747 42003EB |
geographic_facet |
Illinois Chicago. United States. |
url |
https://doi.org/10.7591/9781501729966 https://www.degruyter.com/isbn/9781501729966 https://www.degruyter.com/document/cover/isbn/9781501729966/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.7/22/0973 |
dewey-sort |
3332.7 222 3973 |
dewey-raw |
332.7/22/0973 |
dewey-search |
332.7/22/0973 |
doi_str_mv |
10.7591/9781501729966 |
oclc_num |
1083628683 |
work_keys_str_mv |
AT stuartguy discriminatingrisktheusmortgagelendingindustryinthetwentiethcentury |
status_str |
n |
ids_txt_mv |
(DE-B1597)515116 (OCoLC)1083628683 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Cornell University Press Backlist 2000-2013 |
is_hierarchy_title |
Discriminating Risk : The U.S. Mortgage Lending Industry in the Twentieth Century / |
container_title |
Title is part of eBook package: De Gruyter Cornell University Press Backlist 2000-2013 |
_version_ |
1806143930925842432 |
fullrecord |
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