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 to protect lenders and other businesses from claims of inadvertent discrimination.
Source: Inman News
Lenders who rely on AI, algorithms could face new legal risks
Published in ben carson, Center for Responsible Lending, Fair Housing Act, fair lending, fair lending laws, housing discrimination, hud, John Villasenor, LendingClub, Marcia Fudge, Melissa Stegman, Mortgage, mortgage bankers association, Pete Mills, Regulations, Richard H. Neiman, Select and Virginia Foggo
More from ben carsonMore posts in ben carson »
More from Center for Responsible LendingMore posts in Center for Responsible Lending »
- Mortgage trigger leads will be less crazy, but they ain’t going away
- Why super long mortgages won’t be a thing, and why that’s good news
- FairPlay lands $4.5M seed round to help lenders combat racial bias
- Lenders granted some leeway to initiate foreclosures
- HUD unveils fair housing proposal, draws condemnation from housing advocates
More from Fair Housing ActMore posts in Fair Housing Act »
More from fair lendingMore posts in fair lending »
- Government regulator lets BofA mortgage off the hook 3 years early
- Court denies CFPB’s request to vacate fair lending settlement
- CFPB enforcement chief resigns, saying mission ‘under attack’
- CFPB rescinds dozens of policies as court battle over its fate rages on
- Groups slam CFPB’s bid to undo fair lending settlement as ‘dangerous’
More from housing discriminationMore posts in housing discrimination »
- New LGBTQ+ Alliance president talks about ‘opportunity in the chaos’
- Government shutdown nails housing programs in Week 2
- Brad Inman: ‘AI will be god-like,’ and other real estate predictions
- A decade after Obergefell, Realtors must step up as LGBTQ+ housing discrimination surges
- New report highlights growing anti-LGBTQ sentiments among agents
More from hudMore posts in hud »
More from LendingClubMore posts in LendingClub »
More from Marcia FudgeMore posts in Marcia Fudge »
- HUD and the FHFA are changing. Here’s everything you need to know
- Housing Secretary Marcia Fudge stepping down March 22
- Biden administration backs plan to convert more offices to homes
- Real estate industry welcomes FHA premium cuts, with caveats
- After 2-year ordeal, FHA borrowers can now buy private flood insurance
More from Melissa StegmanMore posts in Melissa Stegman »
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
More from mortgage bankers associationMore posts in mortgage bankers association »
More from RegulationsMore posts in Regulations »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- ALTA takes aim at seller impersonation fraud: What to know
- Mortgage giants ‘very close’ to accepting new FICO score
- Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers
- Why Fannie and Freddie still won’t accept more inclusive credit score
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
Be First to Comment