{"id":7425,"date":"2023-07-10T16:28:40","date_gmt":"2023-07-10T20:28:40","guid":{"rendered":"https:\/\/nationalfairhousing.org\/?p=7425"},"modified":"2023-07-10T16:29:33","modified_gmt":"2023-07-10T20:29:33","slug":"opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream","status":"publish","type":"post","link":"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/","title":{"rendered":"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker)"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"

The Federal Home Loan banks, which were created to democratize homeownership nearly 100 years ago, have been hamstrung by decades-old, automated loan underwriting technology. Mechanisms for enabling homeownership like the Home Loan banks’ Mortgage Partner Finance program, which was designed to help lenders reduce their risk exposure, rely on technology crafted more than 30 years ago. While this technology can reasonably predict the delinquency risk of prime borrowers that have deep credit histories and high credit scores, it is woefully inaccurate for all others. Tens of millions of Americans have been unfairly denied homeownership due to fixable inaccuracies in the very technology the banks impose on their ecosystem of lenders.<\/p>\n","protected":false},"author":433,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-7425","post","type-post","status-publish","format-standard","hentry","category-op-eds"],"acf":[],"yoast_head":"\nOpinion: The Federal Home Loan banks and the disappearing American dream (American Banker) - NFHA<\/title>\n<meta name=\"description\" content=\"The Federal Home Loan banks, which were created to democratize homeownership nearly 100 years ago, have been hamstrung by decades-old, automated loan underwriting technology. Mechanisms for enabling homeownership like the Home Loan banks' Mortgage Partner Finance program, which was designed to help lenders reduce their risk exposure, rely on technology crafted more than 30 years ago. While this technology can reasonably predict the delinquency risk of prime borrowers that have deep credit histories and high credit scores, it is woefully inaccurate for all others. Tens of millions of Americans have been unfairly denied homeownership due to fixable inaccuracies in the very technology the banks impose on their ecosystem of lenders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker) - NFHA\" \/>\n<meta property=\"og:description\" content=\"The Federal Home Loan banks, which were created to democratize homeownership nearly 100 years ago, have been hamstrung by decades-old, automated loan underwriting technology. Mechanisms for enabling homeownership like the Home Loan banks' Mortgage Partner Finance program, which was designed to help lenders reduce their risk exposure, rely on technology crafted more than 30 years ago. While this technology can reasonably predict the delinquency risk of prime borrowers that have deep credit histories and high credit scores, it is woefully inaccurate for all others. Tens of millions of Americans have been unfairly denied homeownership due to fixable inaccuracies in the very technology the banks impose on their ecosystem of lenders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/\" \/>\n<meta property=\"og:site_name\" content=\"NFHA\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-10T20:28:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-10T20:29:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalfairhousing.org\/wp-content\/uploads\/2022\/03\/NFHA_full_purple.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rachel VanArsdale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rachel VanArsdale\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/\",\"url\":\"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/\",\"name\":\"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker) - NFHA\",\"isPartOf\":{\"@id\":\"https:\/\/nationalfairhousing.org\/#website\"},\"datePublished\":\"2023-07-10T20:28:40+00:00\",\"dateModified\":\"2023-07-10T20:29:33+00:00\",\"author\":{\"@id\":\"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalfairhousing.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalfairhousing.org\/#website\",\"url\":\"https:\/\/nationalfairhousing.org\/\",\"name\":\"NFHA\",\"description\":\"National Fair Housing Alliance\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalfairhousing.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103\",\"name\":\"Rachel VanArsdale\",\"url\":\"https:\/\/nationalfairhousing.org\/author\/rachelvanarsdale\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker) - NFHA","description":"The Federal Home Loan banks, which were created to democratize homeownership nearly 100 years ago, have been hamstrung by decades-old, automated loan underwriting technology. Mechanisms for enabling homeownership like the Home Loan banks' Mortgage Partner Finance program, which was designed to help lenders reduce their risk exposure, rely on technology crafted more than 30 years ago. While this technology can reasonably predict the delinquency risk of prime borrowers that have deep credit histories and high credit scores, it is woefully inaccurate for all others. Tens of millions of Americans have been unfairly denied homeownership due to fixable inaccuracies in the very technology the banks impose on their ecosystem of lenders.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/","og_locale":"en_US","og_type":"article","og_title":"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker) - NFHA","og_description":"The Federal Home Loan banks, which were created to democratize homeownership nearly 100 years ago, have been hamstrung by decades-old, automated loan underwriting technology. Mechanisms for enabling homeownership like the Home Loan banks' Mortgage Partner Finance program, which was designed to help lenders reduce their risk exposure, rely on technology crafted more than 30 years ago. While this technology can reasonably predict the delinquency risk of prime borrowers that have deep credit histories and high credit scores, it is woefully inaccurate for all others. Tens of millions of Americans have been unfairly denied homeownership due to fixable inaccuracies in the very technology the banks impose on their ecosystem of lenders.","og_url":"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/","og_site_name":"NFHA","article_published_time":"2023-07-10T20:28:40+00:00","article_modified_time":"2023-07-10T20:29:33+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/nationalfairhousing.org\/wp-content\/uploads\/2022\/03\/NFHA_full_purple.png","type":"image\/png"}],"author":"Rachel VanArsdale","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rachel VanArsdale"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/","url":"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/","name":"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker) - NFHA","isPartOf":{"@id":"https:\/\/nationalfairhousing.org\/#website"},"datePublished":"2023-07-10T20:28:40+00:00","dateModified":"2023-07-10T20:29:33+00:00","author":{"@id":"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103"},"breadcrumb":{"@id":"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalfairhousing.org\/opinion-the-federal-home-loan-banks-and-the-disappearing-american-dream\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalfairhousing.org\/"},{"@type":"ListItem","position":2,"name":"Opinion: The Federal Home Loan banks and the disappearing American dream (American Banker)"}]},{"@type":"WebSite","@id":"https:\/\/nationalfairhousing.org\/#website","url":"https:\/\/nationalfairhousing.org\/","name":"NFHA","description":"National Fair Housing Alliance","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalfairhousing.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103","name":"Rachel VanArsdale","url":"https:\/\/nationalfairhousing.org\/author\/rachelvanarsdale\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts\/7425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/users\/433"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/comments?post=7425"}],"version-history":[{"count":3,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts\/7425\/revisions"}],"predecessor-version":[{"id":7428,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts\/7425\/revisions\/7428"}],"wp:attachment":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/media?parent=7425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/categories?post=7425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/tags?post=7425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}