In this paper, Marsha Courchane and Leonard C. Kiefer and Peter M. Zorn of Freddie Mac, explore whether modern automated underwriting systems (AUS) can be used to extend credit to borrowers responsibly, with a particular focus on target populations that include minorities and those with low‐ and moderate incomes. To read the paper, click the link below.
Community credit needs assessments—why now?
The CFPB has discarded the statistically based analyses that were key to investigating and uncovering systematic patterns. While institutions may find the...