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.
Model Risk Management Guidance SR 26-2 in the Era of AI
In our CRA Insight, we examine the revised interagency guidance, issued by the Federal Reserve as SR 26-2 (OCC Bulletin 2026-13; FDIC FIL-15-2026). We also...