loanapp: loanapp

loanappR Documentation

loanapp

Description

Wooldridge Source: W.C. Hunter and M.B. Walker (1996), “The Cultural Affinity Hypothesis and Mortgage Lending Decisions,” Journal of Real Estate Finance and Economics 13, 57-70. Professor Walker kindly provided the data. Data loads lazily.

Usage

data('loanapp')

Format

A data.frame with 1989 observations on 59 variables:

  • occ: occupancy

  • loanamt: loan amt in thousands

  • action: type of action taken

  • msa: msa number of property

  • suffolk: =1 if property in suffolk co.

  • appinc: applicant income, $1000s

  • typur: type of purchaser of loan

  • unit: number of units in property

  • married: =1 if applicant married

  • dep: number of dependents

  • emp: years employed in line of work

  • yjob: years at this job

  • self: =1 if self employed

  • atotinc: total monthly income

  • cototinc: coapp total monthly income

  • hexp: propose housing expense

  • price: purchase price

  • other: other financing, $1000s

  • liq: liquid assets

  • rep: no. of credit reports

  • gdlin: credit history meets guidelines

  • lines: no. of credit lines on reports

  • mortg: credit history on mortgage paym

  • cons: credit history on consumer stuf

  • pubrec: =1 if filed bankruptcy

  • hrat: housing exp, percent total inc

  • obrat: other oblgs, percent total inc

  • fixadj: fixed or adjustable rate?

  • term: term of loan in months

  • apr: appraised value

  • prop: type of property

  • inss: PMI sought

  • inson: PMI approved

  • gift: gift as down payment

  • cosign: is there a cosigner

  • unver: unverifiable info

  • review: number of times reviewed

  • netw: net worth

  • unem: unemployment rate by industry

  • min30: =1 if minority pop. > 30percent

  • bd: =1 if boarded-up val > MSA med

  • mi: =1 if tract inc > MSA median

  • old: =1 if applic age > MSA median

  • vr: =1 if tract vac rte > MSA med

  • sch: =1 if > 12 years schooling

  • black: =1 if applicant black

  • hispan: =1 if applicant Hispanic

  • male: =1 if applicant male

  • reject: =1 if action == 3

  • approve: =1 if action == 1 or 2

  • mortno: no mortgage history

  • mortperf: no late mort. payments

  • mortlat1: one or two late payments

  • mortlat2: > 2 late payments

  • chist: =0 if accnts deliq. >= 60 days

  • multi: =1 if two or more units

  • loanprc: amt/price

  • thick: =1 if rep > 2

  • white: =1 if applicant white

Notes

These data were originally used in a famous study by researchers at the Boston Federal Reserve Bank. See A. Munnell, G.M.B. Tootell, L.E. Browne, and J. McEneaney (1996), “Mortgage Lending in Boston: Interpreting HMDA Data,” American Economic Review 86, 25-53.

Used in Text: pages 263-264, 300, 339-340, 624

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Examples

 str(loanapp)

wooldridge documentation built on May 3, 2023, 5:06 p.m.