Summary List Placement

In 2020, Black borrowers were 80% more likely to be denied a mortgage than white borrowers. While this statistic is jarring, it is hardly surprising to those of us familiar with the US mortgage industry. A holistic look at America’s housing market shows that it disadvantages people of color in some startling and systemic ways that are not always obvious at the loan level. 

The Fair Lending for All Act aims to change that. Introduced by Congressman Al Green, a Democrat from Texas, the bill clarifies the language of the Equal Credit Opportunity Act details ⇒

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