HMDA {AER} | R Documentation

## Home Mortgage Disclosure Act Data

### Description

Cross-section data on the Home Mortgage Disclosure Act (HMDA).

### Usage

    data("HMDA")

### Format

A data frame containing 2,380 observations on 14 variables.

deny

  Factor. Was the mortgage denied?

pirat

  Payments to income ratio.

hirat

  Housing expense to income ratio.

lvrat

  Loan to value ratio.

chist

  Factor. Credit history: consumer payments.

mhist

  Factor. Credit history: mortgage payments.

phist

  Factor. Public bad credit record?

unemp

  1989 Massachusetts unemployment rate in applicant's industry.

selfemp

  Factor. Is the individual self-employed?

insurance

  Factor. Was the individual denied mortgage insurance?

condomin

  Factor. Is the unit a condominium?

afam

  Factor. Is the individual African-American?

single

  Factor. Is the individual single?

hschool

  Factor. Does the individual have a high-school diploma?

### Details

Only includes variables used by Stock and Watson (2007), some of which had to be generated from the raw data.

### Source

Online complements to Stock and Watson (2007).

### References

Munnell, A. H., Tootell, G. M. B., Browne, L. E. and McEneaney, J. (1996). Mortgage Lending in Boston: Interpreting HMDA Data. American Economic Review, 86, 25–53.

Stock, J. H. and Watson, M. W. (2007). Introduction to Econometrics, 2nd ed. Boston: Addison Wesley.

### See Also

`StockWatson2007`

### Examples

    data("HMDA")

    ## Stock and Watson (2007)
    ## Equations 11.1, 11.3, 11.7, 11.8 and 11.10, pp. 387--395
    fm1 <- lm(I(as.numeric(deny) - 1) ~ pirat, data = HMDA)
    fm2 <- lm(I(as.numeric(deny) - 1) ~ pirat + afam, data = HMDA)
    fm3 <- glm(deny ~ pirat, family = binomial(link = "probit"), data = HMDA)
    fm4 <- glm(deny ~ pirat + afam, family = binomial(link = "probit"), data = HMDA)
    fm5 <- glm(deny ~ pirat + afam, family = binomial(link = "logit"), data = HMDA)

    ## More examples can be found in:
    ## help("StockWatson2007")

[Package AER version 1.2-5 Index]