5 Fair Lending Myths Dispelled

After a long career in mortgage finance and fair lending I’ve attended many panels, workshops, and conferences on fair lending.  All too frequently at these events, I hear someone from the audience or even a panelist declare a “fair lending myth.”  A fair...

6 Keys to Managing Resources in Fair Lending

Lenders are often faced with questions:  What resources do I need to manage fair lending? How much should I budget?  The human, technological and monetary resources needed to manage fair lending risk vary by a lender’s size and scope of...

What’s the point of fair lending monitoring?

In my experience, there are more lenders who do little to nothing to monitor fair lending than those who actively manage it.  Those that do less tend to be independent mortgage companies rather than depository institutions.   I believe there are several...