Navy Federal says external review finds ‘non-race factors’ explained mortgage approval disparities

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Navy Federal says external review finds ‘non-race factors’ explained mortgage approval disparities

The nation’s largest credit union said this week that an external review found it hadn’t considered race in mortgage underwriting, responding to CNN’s previous reporting about racial gaps in its mortgage approval rates.

A spokesperson for Navy Federal did not respond to a request for additional details about the analysis. As CNN previously reported, applicants’ credit scores are not available in the public mortgage data, and Navy Federal declined to provide CNN any data that would make it possible to analyze credit scores or other non-public factors.

 

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