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Originally Posted by yatzr
nosoup: have you tried sending in some rejected "non-white" applications as "white" to see if there's ever a difference? Or maybe sending rejected "white" ones in as "white" again? I only ask because I'd think different people would decide on each one, and when they're borderline, different people would give different results. Just a thought.
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Yes, I have. I have switched white to non-white and they have been approved, I have also switched non-white that were approved to white and they were denied. After switching them back, I get the original result.
I would understand the whole situation a lot more if the problem had something to do with people and their specific preferances - but the parameters that are used by Fannie Mae and Freddie Mac are fed into automated underwriting - computers make the decisions, people have nothing to do with it...