In the September 2014 issue of Mortgage Banking, David Skanderson, with Ivan Darius and Tammy Butler of Optimal Blue LLC, published an article entitled “Containing Fair Lending Risk.” The article discusses sources of fair lending pricing risk and preventive controls that can be used to limit that risk. To read the article, click the link below.
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...