Hacker News new | past | comments | ask | show | jobs | submit login

Many mortgage backing companies still routinely deny loans to black people because their models inversely correlate black homeowners to lower surrounding property values. When a mortgage backer also backs the loans of those same surrounding properties, the risk of losing money on their existing loans increases, thereby leading them to deny the loan and perpetuating racist policy from a so-called "objective" model-driven business decision.



Registration is open for Startup School 2019. Classes start July 22nd.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: