Digital mortgage applications are having the positive effect of reducing discrimination of black and Latino home buyers, a new study shows. The study, by the National Bureau of Economic Research, reveals that algorithmic lending reduces discrimination by up to 40% compared to applications which are dealt with face-to-face. With digital mortgage applications, the interest rates
Lenders Discriminating Against Pregnant Women?
February 25, 2013 by
Stipulations within the Fair Housing Act supposedly prevent mortgage lenders from denying or delaying loan applications for women on maternity leave, but a new report suggests that many lenders are actually ignoring these rules.
Consumer Action: ‘Housing Discrimination… Alive and Well’
May 25, 2012 by
Following a round of recent fair housing complaints and mortgage discrimination charges, the Consumer Finance Protection Bureau (CFPB) has opened its own front to protect credit consumers from discrimination.
