The use of new data to determine prospective buyers’ creditworthiness would increase opportunities for homeownership among Black and Latino Americans, according to new research outlined at a virtual event hosted by the National Association of Realtors (NAR).
“Minorities are far more likely to be ‘unscoreable’ or have relatively weak credit scores using traditional credit bureau data,” former Freddie Mac Senior Vice President Ann Schnare said. Read on for details from the NAR event.
TO READ THE FULL STORY
Cover Story: