Journal Article

Perspectives on credit scoring and fair lending: a five-part article series

Abstract: Credit scoring has brought increased efficiency in the mortgage lending industry. It has also raised concerns about fair mortgage lending practices given the increasing use of credit scores in the underwriting process. In order to better understand the potential impact of credit scoring on mortgage applicants, The Federal Reserve System's Mortgage Credit Partnership Credit Scoring Committee is producing a five-part article series. The series is designed to provide the mortgage lending industry, and concerned groups and individuals, the opportunity to present their perspectives on credit scoring and its relation to fair mortgage lending. The first article in this series appears in this issue. It includes the viewpoints of representatives from Freddie Mac, The American Bankers Association, Calvin Bradford and Associates, and Fair, Isaac and Company, Inc.

Keywords: Credit scoring systems; Mortgage loans;

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Communities and Banking

Publication Date: 2000

Issue: Spr

Pages: 2-18