Lending discrimination occurs when a lender makes a decision during the mortgage application process based on a person’s race, color, sex, religion, familial status, nationality, age, receipt of public assistance or disability. Though fair lending laws are designed to protect borrowers from mortgage discrimination, it can still be a barrier to homeownership for marginalized groups. It’s important for consumers to understand mortgage approval guidelines so they can protect themselves from unfair lending practices. READ MORE
What Is Lending Discrimination?