FinRegLab in the News

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

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“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.”