The nation’s largest credit union rejected more than half its Black conventional mortgage applicants | CNN Business
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A major credit union serving military members and veterans rejected more than half of its Black conventional mortgage applicants

A major credit union serving military members and veterans rejected more than half of its Black conventional mortgage applicants

  • neptune@dmv.socialEnglish
    5·
    11 months ago

    While many banks also approved White applicants at higher rates than Black Sborrowers, the nearly 29-percentage-point gap in Navy Federal’s approval rates was the widest of any of the 50 lenders that originated the most mortgage loans last year.

    • Kecessa
      3·
      11 months ago

      It’s the widest but what’s the rate for the other institutions? Is 29% the worst but the best is only a 4% difference or is it a 20% difference? I’m sure you know exactly what I’m saying, I just find it frustrating that it’s always the best or the worst that gets talked about when it’s the whole portrait that’s important.