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Redlining Analysis: How it Works, and the Mitigating Factors You Should Consider
In LendingPatterns™ there are two methodologies to determine statistical evidence of redlining. Both approaches use the z-test, the standard test to determine whether differences in proportions are statistically significant. The p-value output from the z-test gets at the probability that redlining occurred. LendingPatterns™ makes it easy: we highlight in bright yellow statistical evidence of redlining…
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5 Things You Need to Know About ComplianceTech’s LendingPatterns™
5 Things You Need to Know About ComplianceTech’s LendingPatterns™ The infographic depicts the an overview of the 2017 HMDA data released by CFPB on May 7th. Below, you’ll find 5 Things You Need to Know about ComplianceTech’s LendingPatterns™ . LendingPatterns™ is up to date with the CFPB’s most recent Snapshot National Loan Level HMDA Dataset…
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ComplianceTech, McLean, VA, Releases the Updated HMDA Snapshot Data and New Loan Type Filtering Capabilities in LendingPatterns Lite™
ComplianceTech, McLean, VA, announces enhanced loan type filtering features to www.LendingPatternsLite. This free site is designed to serve those with a need to know more about mortgage lending in America. It makes the power of the Home Mortgage Disclosure Act (HMDA) data accessible to everyone, anytime, on an easy to use intuitive website. To gain…
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2018 HMDA and Fair Lending Pricing Analysis
My blog post from April 3 explored whether and how 2018 HMDA changes cause the mortgage underwriting analysis to change. This blog similarly delves into the mortgage pricing analysis. (You will notice some common language between the two blogs.) If you have been doing a thorough pricing analysis, the best advice is to keep doing…
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Do GSE Affordable Housing Goals support fair access to credit?
Among the financial institutions bailed out by the government after the great recession circa 2008, only Fannie Mae and Freddie Mac (the “GSEs”) are still in conservatorship under the supervision of the Federal Housing Finance Agency (FHFA). In exchange for the government sponsored assistance, i.e., ownership; Fannie Mae and Freddie Mac are expected to meet…