across the United States that does not have statewide housing protections for LGBTQ people.
Since mortgage applications do not ask prospective borrowers about their sexual orientation, the researchers inferred borrowers’ sexuality through the gender disclosure of the applicant and co-applicant. Their data correlated with LGBTQ population estimates conducted by Gallup and the University of California, Los Angeles' Williams Institute.
“The potentially existing lending discrimination might just reflect a corner of the iceberg,” he told NBC News.In the report, Gao and his co-authors state that their findings “have direct implications for the urgency of protecting the LGBT community regarding fair credit accessibility.”
Is it just me, but I feel the country has been sucked into a worm whole and has been transported back to the discrimination of the 50s and 60s. Exactly what Trump and his supporters want.
Sounds like another lie from NBC.
Well, that's just poor business sense.
I wonder if same-sex borrowers tend to have lower net incomes and higher debt levels. Like, say two people with liberal arts degrees, a mountain of student loans, and jobs that pay $45k per year. 🤔
Curious what part of the computerized loan application and computerized DU system discriminates based on sex?
What is it like to 'be black in America'?... for $500 Alex...
Always trying to divide. Fu
Please...banks are trying to make money by making good loan decisions. ‘You can make us an additional 25k in profit this year. Oh, wait. You’re gay. Never mind.’
News Flash!
I'd be curious to see if they had a significantly higher rate of default than average. If so, there is no story here. That's the way credit works. If not, there should be lawsuits. That's not how credit is supposed to work.
And so be it.
Devils always in the details, report all the detail on why that is
Oh no, it’s almost impossible that this is systemic
been in this business a long time. Lenders only care about credit score, debt ratio and down payment.
This should be criminal.
Apparently Human torches have the same problem. Go figure
And most likely to be able to consistently pay their mortgages as well.
The study is bullshit. I assure you.
Wow so fake! If you got good credit you can buy it! But if your credit sucks that not the back saying where not giving you credit because you're a same-sex couple. No it's them saying how can you pay?
If skinny lesbians scissor, do the fat ones hedge clip?
As someone who may or may not know a little about this subject, I can assure that there is nothing in the underwriting of mortgages that discriminates towards same-sex borrowers.
That's just sad.
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