New Jersey-based TD Bank, which denied a higher proportion of black and Latino applicants than any other major lender,
said it “makes credit decisions based on each customer’s credit profile, not on factors such as race or ethnicity.”
Reveal’s analysis included all records publicly available under the Home Mortgage Disclosure Act, covering nearly every time an American tried to buy a home with a conventional mortgage in 2015 and 2016. It controlled for nine economic and social factors, including an applicant’s income, the amount of the loan, the ratio of the size of the loan to the applicant’s income and the type of lender, as well as the racial makeup and median income of the neighborhood where the person wanted to buy property.
Credit score was not included because that information is not publicly available.
Gasp, when you control what you use for 'analysis', you find the thing you set out to find!
Credit score is a BIG part of whether or not you qualify ...