Imagine mortgage credit standards as a roadway, connecting lenders with potential borrowers who dream of owning a home. What in the mid-2000s was a wide-open superhighway with few barriers became, after the 2008 housing crash, a one-lane path open only to the most credit-qualified. As loan defaults multiplied and banks collapsed, lenders abruptly lost their...
from NerdWallet
https://www.nerdwallet.com/blog/mortgages/credit-score-models-black-home-buyers/
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