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Combating Discrimination in Mortgage Underwriting Using Fair Lending AnalyticsDr. Edward Seiler, Dr. George Cave, and Ms. Bethany Moore Summit Consulting, LLC August 2017Table of Contents TABLE OF
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What is combating discrimination in mortgage?
Combating discrimination in mortgage refers to efforts and regulations aimed at preventing unequal treatment of individuals based on race, gender, religion, or other protected characteristics in the mortgage lending process.
Who is required to file combating discrimination in mortgage?
Lenders and financial institutions that provide mortgage loans and are subject to federal regulations are required to file reports related to combating discrimination in mortgage practices.
How to fill out combating discrimination in mortgage?
Filling out combating discrimination in mortgage involves completing required forms that report data on loan applications, approvals, and denials, ensuring that the information accurately reflects compliance with anti-discrimination laws.
What is the purpose of combating discrimination in mortgage?
The purpose of combating discrimination in mortgage is to promote fair lending practices, ensure equal access to mortgage loans, and eradicate bias in the lending process.
What information must be reported on combating discrimination in mortgage?
Information that must be reported includes data on applicants' demographic characteristics, loan rates, loan amounts, approvals and denials, and reasons for denial, among other relevant factors.
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