This report examines how modernizing federal insurance programs for manufactured home loans can expand affordable housing access. Modern manufactured housing is high quality, but financing for certain loan types is limited due to outdated processes and inconsistent rules. Recommendations include automating underwriting, harmonizing loan requirements, and improving data access to attract more lenders and support underserved communities.
This landscape paper details gaps in traditional systems that both make it difficult for millions of consumers to access financial services and for financial institutions to detect and protect against bad actors. The paper also summarizes emerging data and technological developments, concluding that more stakeholder engagement is critical as financial institutions make substantial investments to fight fraud and scams.
This report details the experiences of mission-based lenders such as community development financial institutions (CDFIs) and minority depository institutions (MDIs) as they adopt electronic bank account data and lending platforms to increase lending to minority-owned businesses and other underserved entrepreneurs. The paper provides both a practical snapshot of how lenders manage data and technology adoption today and a broader analysis of issues that will shape their ability to serve substantially larger numbers of entrepreneurs going forward.
This report delves into the evolving landscape of small business lending following the pandemic, identifying significant trends that are shaping the lending ecosystem. As the economy improves, lenders will face critical decisions about how to meet the capital needs of more small businesses, including record numbers of minority- and women-owned startups since 2020.
The market context report finds that current market conditions may present a unique window to build on substantial interest among industry, advocates, and policymakers in using non-conventional data sources such as digital wallet information and supply chain records for credit scoring and underwriting.
This policy analysis explores the regulatory and public policy implications of the increasing use of machine learning models and explainability and fairness techniques for credit underwriting in depth, particularly for model risk management, consumer disclosures, and fair lending compliance.
This additional study of COVID-19 loan forbearances probes the benefits of combining short-term payment relief with longer term assistance plans for the most vulnerable consumers struggling with credit card debt.
This additional study of COVID-19 loan forbearances probes the benefits of combining short-term payment relief with longer term assistance plans for the most vulnerable consumers struggling with credit card debt.
This working paper focuses on consumers who struggled to manage credit card and other unsecured debt during the pandemic, analyzing the extent to which consumers obtained card and other forbearances from lenders and shifts in patterns of consumers who sought credit counseling and enrolled in debt management plans through September 2021.
FinRegLab research highlights the benefits of combining short-term payment relief with longer term assistance plans for the most vulnerable of consumers struggling with credit card debt.