| loanapp | R Documentation |
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.
data('loanapp')
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
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
https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041
str(loanapp)