WebAug 1, 2004 · Among the study findings, the GAO reports that federal banking regulators see little evidence of predatory lending by the institutions they supervise, but the … WebApr 16, 2024 · The study also included a smaller dataset with more detail about applicants’ work history and credit worthiness. Based on this data, same-sex applicants were 73 percent more likely to be denied than …
Reports Consumer Financial Protection Bureau
WebOct 7, 2024 · “Mortgage Lending in Boston: Interpreting HMDA Data,” a 1992 Boston Fed paper, tested the validity of lenders’ claims that factors besides race explained Home Mortgage Disclosure Act data showing a higher mortgage denial rate for minorities. ... The study’s findings suggested that despite the scope of information available to lenders ... WebNov 17, 2024 · As a result, the CFPB is announcing an effort to work with industry and other agencies to develop a new data set to better monitor the auto loan market. Changes in the auto lending market. Auto lending … share edge bookmarks
GAO Issues Report Finding That CFPB Needs To Assess The …
WebAug 6, 2024 · Why GAO Did This Study. ... To obtain information on the changes community banks and credit unions made to their small business and residential mortgage lending products and management activities since the 2007–2009 financial crisis and the factors that influenced those changes, we administered web-based surveys to nationally … WebA home mortgage is an instrument by which the borrower (mortgagor) gives the lender (mortgagee) a lien on residential property as security for the repayment of a loan. A first lien mortgage creates a primary lien against real property and has priority over subsequent mortgages, which are generally known as junior mortgages. WebGAO, Fair Lending: Race and Gender Data Are Limited for Nonmortgage Lending, GAO-08-698 (Washington, D.C.: June 27, 2008). We reviewed eight studies on minority business lending. Seven of the eight studies found that lenders denied loans to Black-owned businesses or required them to pay higher interest rates for loans significantly share editable excel file