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bias : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

All Posts Tagged With: "bias"

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Are demands for higher FHA mortgage loan credit scores discriminatory?

Can lenders demand a higher credit score than FHA guidelines require? Are demands for such higher scores evidence of discrimination? “This decision is arbitrary,” says John Taylor, president & CEO of the National Community Reinvestment Coalition, “because the loans are 100% guaranteed, whether the borrower’s credit score is 580 or 780. That means the loans [...]

20Dec2010 | | 0 comments | Continued
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HUD Bias Claims Bend Reality

You couldn’t miss the headline. It was the lead story on the front page of The Washington Post, prime journalistic real estate generally reserved for matters of the greatest national importance. On March 2nd, the Post headline told us that HUD Mortgage Policies Hurt Blacks. “Tens of thousands of black Americans,” said the story, “pay [...]

12Aug2008 | | 0 comments | Continued