
Fed study finds ‘limited role’ for racial bias in mortgage lending
Racial bias has played “a limited role” in recent years in generating disparities seen in mortgage lending denials, according to a recent study published by the Federal Reserve.
Racial bias has played “a limited role” in recent years in generating disparities seen in mortgage lending denials, according to a recent study published by the Federal Reserve.
Banks are on sound financial footing even as the world’s economy wobbles from a series of shocks, according to the 2023 Banking and Capital Markets Outlook by Deloitte released today.
The shift to remote work during the COVID-19 pandemic accounted for 60% of the increase in housing prices since 2019, according to research published today by the Federal Reserve Bank of San Francisco.
The Office of Financial Research flagged macroeconomic risk and credit risk as top areas of concern as the nation continues to deal with the economic stresses caused by COVID-19.
By Mary Ellen Georgas-Tellefsen
By Chris Nichols
By Tom Hershberger
By James M. Neckopulos