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MORTGAGE LENDING: Use of Alternative Data Is Limited but Has Potential Benefits.

Authors :
Clements, Michael E.
Source :
GAO Reports; 12/16/2021, preceding pi-38, 43p
Publication Year :
2021

Abstract

The article offers insight to the U.S. Government Accountability Office on the extent to which mortgage loans were originated using alternative data in fiscal years 2016–2020. It mentions potential benefits and risks associated with using alternative data in such lending, and efforts to encourage lenders' use of alternative data for encouraging fair lending.

Details

Language :
English
Database :
Complementary Index
Journal :
GAO Reports
Publication Type :
Government Document
Accession number :
154232675