讲座主题：Artificial Intelligence and Mortgage Lending Discrimination

主讲人：褚勇强（北卡罗来纳大学夏洛特分校）

讲座摘要：We examine how banks’ adoption of artificial intelligence (AI) affects racial disparities in mortgage lending. Using loan-level data from the Home Mortgage Disclosure Act for 2022–2024, we exploit within-bank variation in AI adoption, proxied by AI-related hiring, to study approval and pricing outcomes for minority borrowers. Controlling for detailed borrower and loan characteristics and high-dimensional bank and location fixed effects, we find that greater AI adoption is associated with higher denial rates and less favorable pricing for African American and Hispanic applicants relative to non-minorities. Instrumental variables estimates based on banks’ historical exposure to local AI labor supply support a causal interpretation. The effects are concentrated in underwriting decisions and are substantially attenuated for jumbo mortgages. Overall, the evidence suggests that AI-assisted screening and underwriting amplify racial disparities in mortgage lending.

时间：11月12日（星期四），上午 10：30-12：00

腾讯会议：584-514-077

主讲人简介：褚勇强，北卡罗来纳大学夏洛特分校贝尔克商学院Childress-Klein讲席教授, Childress-Klein房地产中心主任，研究领域包括银行、房地产金融和金融机构及其相关领域。在Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Corporate Finance, Quarterly Journal of Finance, Journal of Real Estate Finance and Economics等国际金融期刊发表文章30余篇。

此次学术活动获“北京高等学校哲学社会科学创新中心首都数字经济高质量发展创新中心资助”（supported by “the Innovation Center for Philosophy and Social Sciences in Beijing Higher Education Institutions - the Innovation Center for High-Quality Development of Capital Digital Economy”），特此致谢。

撰稿：邱磊菊     排版：顾祎恒

初审：孙宝文      复审：王红梅