A Tale of Two Tensions: Balancing Access to Credit and Credit Risk in Mortgage Underwriting

A Tale of Two Tensions: Balancing Access to Credit and Credit Risk in Mortgage Underwriting

Marsha J. Courchane
Financial Economics

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.

Download PDF