EXCLUSIVE: After little progress on lending discrimination, a mortgage fairness crisis looms

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EXCLUSIVE: As Fed raises interest rates, mortgage fairness plummets

You have a fair shot at getting a mortgage – if you’re white or Asian. For every other race, ‘mortgage fairness,’ which is already at low levels, could be sinking further. 

That’s according to an analysis of 350 million mortgage applications from 1990 to 2021 through the Home Mortgage Disclosure Act. The data shows that fairness for Black and Native American mortgage applicants may plunge to “almost housing crisis levels,” if historical patterns mirror what happened when interest rates surge, according to an analysis by fintech company FairPlay AI, shared exclusively with USA TODAY.

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