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Lenders' use of rent data in loan decisions helps homebuyers, but dangers lurk

The use of rent data in credit models is allowing people with low credit scores or thin credit files to get loans. But consumer advocates warn the use of that data could harm the very people it’s supposed to help. ....

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Lenders' use of rent data in loan decisions helps homebuyers, but dangers lurk

Lenders' use of rent data in loan decisions helps homebuyers, but dangers lurk
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United States , Freddie Mac , Karan Kaul , Pankaj Jain , Ken Riemer , Chi Wu , Capital One , National Consumer Law Center , Lexisnexis Or Clarity Services , Fannie Mae , Us Bank , National Consumer Law , Tom Wind , Clarity Services , Urban Institute ,