Executives hope to reduce risk by reducing the size and narrowing the focus of bank’s mortgage business to better serve retail customers and minority communities. …
Posts published in “fair lending”
Earlier this month, NAR’s board of directors passed policies that touched on property reforms, fair lending enforcement and fair housing education for all real estate…
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the…
The New York-based startup helps lenders discover bias in algorithms and take a second look at rejected applicants using “cutting edge AI fairness techniques.” Source:…
A new interactive tool from the Urban Institute compares housing wealth equity in cities across America, tracking disparities in homeownership rates, home values, and the…
Having put the brakes on the Trump administration’s plans to reprivatize Fannie and Freddie, Democrats have been pushing for the “government sponsored enterprises” to provide…
Mortgage lenders are more likely to turn down homebuyers of color than white applicants with similar attributes, and algorithms are likely to blame, according to…
In a move that could pose challenges for lenders that employ AI and algorithms to evaluate borrowers, federal housing officials are moving to rescind policies…
Farrah Wilder, a former attorney and licensed real estate agent with real estate brokerage Compass until she joined the trade group this month, will take…