Finance and Economics Discussion Series: Giving Credit Where Credit Is Due? the Community Reinvestment ACT and Mortgage Lending in Lower-Income Neighb by Neil Bhutta

Finance and Economics Discussion Series: Giving Credit Where Credit Is Due? the Community Reinvestment ACT and Mortgage Lending in Lower-Income Neighb

Neil Bhutta

46 pages • missing pub info (editions)

nonfiction politics
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Description

I identify and quantify the mortgage supply effect of the Community Reinvestment Act (CRA), a law mandating that banks help provide credit in lower-income neighborhoods, by exploiting a discontinuity in the selection rule determining which census...

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