CRA has testified in several class action matters involving the origination or securitization of mortgage loans. These matters involved subprime lending, option ARM loans, reverse mortgages, forced place insurance, joint ventures, discrimination allegations, insurance claims on FHA loans, and residential mortgage backed securities.
What is disparate impact testing?
Disparate impact testing requires quantitatively testing models for fairness with respect to classes of borrowers protected under the Equal Credit Opportunity...