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When is it acceptable for a loan officer to offer a lower interest rate on home mortgages to white applicants but not others?

April 26, 2017acceptable APPLICANTS Home Interest rate loan lower mortgages Offer officer white

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When is it acceptable for a loan officer to offer a lower interest rate on home mortgages to white applicants but not others?

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• A: Financial institutions may evaluate a person’s financial ability to pay back a home loan, but all decisions affecting the loan – including the interest rate, points, and other fees should not be based on race or any other protected characteristic.