For millions of Americans hoping to buy or refinance a home, it’s a crucial make-or-break question: Will the lender say yes to our mortgage application, turn it down or charge us a higher interest rate than we need? Surprisingly, large numbers of loan applications don’t make it. Roughly one of every nine loan applications (10.8 percent) to purchase a home — and more than one in four applications (26.4 percent) for a refinancing — were […]
source https://therealdeal.com/2018/05/25/racial-disparities-significant-in-mortgage-rejections-2/
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