FairPlay’s
Mortgage FairnessMonitor
See the fairness of mortgage approvals for Black, Hispanic, female, and
other protected applicants in every county of the U.S.
See the fairness of mortgage approvals for Black, Hispanic, female, and
other protected applicants in every county of the U.S.
Get 5 Fact Sheets highlighting the state of mortgage fairness for Female, Black, Hispanic, Millennial and Baby Boomer applicants.
Nationally, Black homebuyers were approved at 78% the rate of White homebuyers.
Nationally, Hispanic homebuyers were approved at 87% the rate of White homebuyers.
Nationally, Female homebuyers were approved at 98% the rate of White homebuyers.
Nationally, Baby Boomers had a slightly lower approval rate relative to Gen X homebuyers.
Nationally, Millennial homebuyers had the same approval rate as Gen X homebuyers.
To compile these maps, FairPlay™ analyzed publicly available data for 2020 from the Home Mortgage Disclosure Act Database. We limited our review to applicants seeking to buy a new home, rather than applicants seeking to refinance or obtain a line of credit. Then we computed the Adverse Impact Ratio (AIR) for every county in the U.S. We also computed AIR values for 20 major metropolitan areas.
AIR is a measure of demographic parity; it does not control for risk.
Adverse Impact Ratio is a calculation that regulators and courts use as a means of determining whether members of a protected class receive a certain outcome, such as getting approved for a loan, as often as a control group, such as white male borrowers, does.
Here is how AIR is calculated:
Contact us to learn more and receive a customized fairness assessment at no cost.