2026年第53期(总第1197期)

演讲主题：Artificial Intelligence and the Racial Gap in Mortgage Lending

主讲人：Yongqiang Chu University of North Carolina at Charlotte Professor

主持人：滕敏 计算金融系副教授

活动时间：2026年07月08日（周三）10:00-11:30

活动地址：管院大楼107教室

主讲人简介：

Yongqiang Chu is the Director of the Childress Klein Center for Real Estate and Childress Klein Distinguished Professor of Real Estate and Urban Economics and Professor of Finance at the UNC Charlotte Belk College of Business. He conducts research in real estate, corporate finance, and banking. His research has appeared in many top finance, real estate, and economics journals, including Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis,Review of Economic Dynamics, and Real Estate Economics.

活动简介：

We examine whether banks' adoption of artificial intelligence (AI) widens racial disparities in mortgage lending. Using 2022-2024 HMDA data merged with a bank-year AI adoption measure from job postings, we exploit within-bank variation with rich fixed effects. Higher AI adoption raises the denial-rate gap by 0.75 percentage points and the interest-rate gap by roughly 4 basis points. IV estimates exploiting banks' historical exposure to local AI labor supply support causality. The effects are concentrated in purchase loans, and are absent for GSE-backed loans and refinance loans. Our findings suggest that AI adoption amplifies racial disparities in mortgage lending, with implications for bank governance and financial regulation.