Mortgage Lending in Boston's Neighborhoods, 1981-1987: a Study of Bank Credit And Boston's Housing

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There are 63 neighborhoods in Boston.* These neighborhoods — which are listed in Table 1 — are relatively homogeneous (i.e. households in each neighborhood have similar economic and social characteristics). Examples of these neighborhoods are: Egleston Square, Meeting House HiU, Forest Hills/Woodboume, and Thompson Square. The boundaries for neighborhoods were drawn for the 1980 Census. Census tracts are smaller than neighborhoods. The populations of individual census tracts are also relatively... homogeneous.
There is an average of 26 dty blocks in each census tract in Boston.
Boston contains 171 censiis tracts.
The primary data used for this study are Home Mortgage Disclosiire Act (HMDA) data collected by federal regulators and compiled by the Federal Financial Institutions Examination Council in Washington, D.C.
HMDA data are the best source of information on mortgage and home improvement lending by regulated lenders. ' Congress specifically required lenders to compile these data so that assessments of the type presented in this study could be made by federal bank regulators and researchers.


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