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Denial rates 84 percent higher for Black applicants than white
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Consumer Protection, Financial Stability, Industry Spotlight
Friday, January 14, 2022
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In analyzing data from the Home Mortgage Disclosure Act, Zillow found a widening mortgage approval gap between Black and white applicants.
While overall denial rates have decreased, Black applicants are increasingly more likely than white applicants to be denied a mortgage. The most cited reason for denial: credit history.
For more details on the analysis, read on.
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