Minority Homeownership Study Has Flawed Methodology and Conclusions

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Published: June 13, 2013

The Center for Responsible Lending responds to a recent National Bureau of Economic Research working paper “The Vulnerability of Minority Homeowners in the Housing Boom and Bust,” outlining flaws in the paper’s analysis and methodology.  Most importantly, CRL disputes the authors' conclusions that disparate default rates should call into question the value of homeownership in addressing the racial wealth gap.