May 21, 2022

Fighting discrimination in mortgage lending | MIT News & More Mortgage News

Although the U.S. Equal Credit Opportunity Act prohibits discrimination in mortgage lending, biases nonetheless influence many debtors. One 2021 Journal of Financial Economics research discovered that debtors from minority teams had been charged rates of interest that had been almost 8 p.c greater and had been rejected for loans 14 p.c extra usually than these […]

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