Marin Real Estate Pulse

In an earlier article we reported some interesting mortgage lending information from a recently released report of The Federal Reserve Board based on data collected under the 1975 Home Mortgage Disclosure Act (HMDA).

Today lenders price loans primarily on risk so that differences in the creditworthiness of borrowers can mean different prices for the same product. This flexibility in lending, however, carries a lot of concerns about fairness. First, are borrowers being shunted into high-priced loans based on discriminatory criteria such as race or ethnicity?

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