Mortgage

Lending groups urge high court to reject Obama administration’s discrimination test

Critics: Focusing on outcomes, rather than intent, flies in the face of sound underwriting practices
Published on Sep 10, 2013

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by CareyBot

Trade groups representing mortgage lenders filed a “friend of the court” brief last week with the U.S. Supreme Court that has far-ranging implications for the availability and cost of home loans. The underlying issue: When lenders use credit scores and ...