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Why Is My Lender Asking About My Race on My Loan Application?

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At some point in the mortgage application process, you’ll get asked questions about your race, ethnicity, gender, and age. Being asked to provide this information can often raise a question of your own: Why? Let’s answer that question now. Clearing up anti-discrimination laws A law called the Equal Credit Opportunity Act (ECOA) enacted in 1974 […]

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