FinRegLab in the News

Lack of Credit Has Been A Huge Obstacle to Black Home Buyers. Now Some Lenders are Trying to Fix That.

“Prospective borrowers with less wealth and little credit history are now deemed riskier by the automated underwriting systems that dominate mortgage lending these days. As a result, they tend to be denied more often or given higher interest rates … despite the fact that they might well be capable of responsibly making mortgage payments.”