Lender-said reasons for financial denials weart establish racial disparities

Lender-said reasons for financial denials weart establish racial disparities

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  • Loan providers need report reasons for denying home loan programs
  • Most often advertised denial factors differ by the candidate race
  • Racial disparities when you look at the recognition pricing persevere just after controlling for those variations

Lender-stated assertion reasons dispute which includes popular hypotheses regarding the racial disparities from inside the old-fashioned home loan approvals. Read more