Gender Equality in Mortgage Lending

Fang, L. and Munneke, H. J. (2017), Gender Equality in Mortgage Lending. Real Estate Economics. doi:10.1111/1540-6229.12198

Abstract: Using a sample of 30-year fixed-rate subprime mortgage loans, this paper empirically examines whether gender inequality exists in the mortgage market, specifically, whether a borrower's gender affects the loan contract rate charged, beyond the impact of the borrower's probability of default and prepayment. The results, based on a competing-risks loan hazard model, reveal that borrowers of different gender have different loan termination patterns. After controlling for the probability of a borrower defaulting or prepaying, female borrowers pay higher contract rates in the subprime mortgage market over the study period.




Remember too: When Beauty Doesn't Pay: Gender and Beauty Biases in a Peer-to-Peer Loan Market. By Ko Kuwabara & Sarah Thébaud
Social Forces, June 2017, Pages 1371-1398. https://doi.org/10.1093/sf/sox020