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For example, a mortgage lender’s use of credit scores to determine interest rates might seem neutral. But in practice, that policy could mean higher interest rates for black and Hispanic borrowers who.
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This is because they will allow more people to afford a mortgage when they would otherwise not be able. And at the same time you loosened lending criteria and encouraged young people to buy a home.
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Mr. Raun has been involved in the mortgage lending industry since the early 90’s and was an early entrant into the on-line and consumer direct lending channels. There are not many people that can say they were the President of the same Mortgage Company over 20 years.
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All the money from the buy up would go straight to the family’s mortgage lender – leaving them with no money to spend on another home. They have now filed a lawsuit in the hope they can challenge the.
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