Weren't Algorithms Supposed to Make Digital Mortgages Colorblind?

November 27, 2018

American Banker, Nov. 26, 2018--Penny Crossman (subscription)
When banks and fintechs offer mortgages online using automated underwriting, they charge creditworthy minorities more than white applicants - the same way human loan officers do. That's the conclusion of a study conducted by professors at the University of California, Berkeley.

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