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
https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041
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
str(loanapp)
#> 'data.frame': 1989 obs. of 59 variables:
#> $ occ : int 1 1 1 1 1 1 1 1 1 1 ...
#> $ loanamt : int 89 128 128 66 120 111 141 276 100 267 ...
#> $ action : int 1 3 1 1 1 1 1 1 1 1 ...
#> $ msa : int 1120 1120 1120 1120 1120 1120 1120 1120 1120 1120 ...
#> $ suffolk : int 0 0 0 0 0 0 1 0 0 0 ...
#> $ appinc : int 72 74 84 36 59 63 72 90 72 144 ...
#> $ typur : int 0 0 3 0 8 9 1 6 1 0 ...
#> $ unit : int 1 1 1 1 1 1 1 1 1 1 ...
#> $ married : int 0 1 0 1 1 0 0 0 1 1 ...
#> $ dep : int 0 1 0 0 0 0 0 0 1 2 ...
#> $ emp : int 0 0 1 0 0 0 0 0 1 0 ...
#> $ yjob : int 0 0 1 0 0 0 1 1 1 0 ...
#> $ self : int 0 0 0 1 0 0 0 0 0 1 ...
#> $ atotinc : num 5849 4583 2666 3000 2583 ...
#> $ cototinc: num 0 1508 4416 0 2358 ...
#> $ hexp : num 1031 1391 1371 839 1341 ...
#> $ price : num 118 160 143 110 134 ...
#> $ other : num 0 0 0 0 0 0 0 0 0 0 ...
#> $ liq : num 34.5 52 37 19 31 169 38 142 24.5 111 ...
#> $ rep : int 1 3 6 1 1 2 1 1 1 3 ...
#> $ gdlin : int 1 1 1 1 1 1 1 1 1 1 ...
#> $ lines : num 15 19 18 25 15 10 9 5 2 15 ...
#> $ mortg : int 2 2 2 2 2 2 2 2 2 1 ...
#> $ cons : int 1 2 2 6 1 6 1 1 1 1 ...
#> $ pubrec : int 0 0 0 1 0 0 0 0 0 0 ...
#> $ hrat : num 17.6 22.5 19 24 25.1 ...
#> $ obrat : num 34.5 34.1 26 37 32.1 ...
#> $ fixadj : int 0 1 0 0 0 0 0 1 0 0 ...
#> $ term : num 360 360 180 360 360 360 360 360 360 360 ...
#> $ apr : num 118 175 145 110 135 144 162 365 105 422 ...
#> $ prop : int 1 2 2 2 1 2 1 2 2 2 ...
#> $ inss : int 0 0 0 0 1 0 1 0 1 0 ...
#> $ inson : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ gift : int 0 0 0 1 0 0 0 0 0 0 ...
#> $ cosign : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ unver : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ review : int 1 999 3 2 2 1 1 1 3 2 ...
#> $ netw : num 99.6 847 40 158 69 ...
#> $ unem : num 3.2 3.2 3.9 3.1 4.3 ...
#> $ min30 : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ bd : int 0 0 1 0 1 1 0 0 1 0 ...
#> $ mi : int 1 1 1 1 1 1 0 1 1 1 ...
#> $ old : int 0 0 0 1 0 0 1 1 0 1 ...
#> $ vr : int 1 1 0 1 0 0 1 1 0 1 ...
#> $ sch : int 1 1 1 1 0 0 1 1 1 1 ...
#> $ black : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ hispan : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ male : int NA 1 1 1 1 1 1 1 1 1 ...
#> $ reject : int 0 1 0 0 0 0 0 0 0 0 ...
#> $ approve : int 1 0 1 1 1 1 1 1 1 1 ...
#> $ mortno : int 0 0 0 0 0 0 0 0 0 1 ...
#> $ mortperf: int 1 1 1 1 1 1 1 1 1 0 ...
#> $ mortlat1: int 0 0 0 0 0 0 0 0 0 0 ...
#> $ mortlat2: int 0 0 0 0 0 0 0 0 0 0 ...
#> $ chist : int 1 1 1 0 1 0 1 1 1 1 ...
#> $ multi : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ loanprc : num 0.754 0.8 0.895 0.6 0.896 ...
#> $ thick : int 0 1 1 0 0 0 0 0 0 1 ...
#> $ white : int 1 1 1 1 1 1 1 1 1 1 ...
#> - attr(*, "time.stamp")= chr "25 Jun 2011 23:03"