喻园管理论坛2024年第68期(总第1000期)

演讲主题:Partisan Loan Officers and the Racial Gap in Mortgage Lending

主  讲 人:褚勇强教授  北卡罗来纳大学夏洛特分校教授

主  持 人:施汉忠 计算金融系讲师

活动时间:2024年7月3日（周三）上午9：30-11：30

活动地点:管理大楼107室

主讲人简介：

褚勇强，北卡罗来纳大学夏洛特分校贝尔克商学院Childress-Klein讲席教授, Childress-Klein房地产中心主任，研究领域包括银行、房地产金融和金融机构及其相关领域。在Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Corporate Finance, Quarterly Journal of Finance, Journal of Real Estate Finance and Economics等国际金融期刊发表文章30余篇。

活动简介：

Matching loan officers with their voter registration records, I find that Democratic loan officers originate more loans to minority borrowers than Republican loan officers. The results hold after controlling for demand-side factors. At the loan level, I find that Democratic loan officers are more likely to originate loans with higher debt-to-income ratios to minority borrowers than republican loan officers. Loans to minority borrowers originated by Democratic loan officers perform slightly better than those originated by Republican loan officers. These results suggest that Democratic loan officers collect and process more private information to help minority borrowers overcome deficiencies in hard information, and hence expand mortgage access for minority borrowers.