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MORTGAGE LENDING: Use of Alternative Data Is Limited but Has Potential Benefits.
- 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.
- Subjects :
- MORTGAGE loans
DATA
MONEYLENDERS
FAIR lending
FINANCIAL services industry
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- GAO Reports
- Publication Type :
- Government Document
- Accession number :
- 154232675