Fed's Olson on the Home Mortgage Disclosure Act

In testimony 'Home Mortgage Disclosure Act' given on 13 June Mark Olson of the Federal Reserve said data collected under the U.S. Home Mortgage Disclosure Act raise troubling questions about lending to black and Hispanic borrowers and more research is needed.

"Black and Hispanic borrowers are more likely to obtain mortgage loans from institutions that tend to specialize in subprime lending," Olson said in testimony to the House of Representatives Subcommittee on Financial Institutions.


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