gender

Are lenders discriminating against women? (Mortgage Professional America)

"All we're saying is, this is what the data show: Female applicants are less likely to get loans originated than male applicants," lead researcher Spencer Cowan told the Chicago Tribune. "We don't have basic underwriting criteria … we don't have the value of the property or any credit score range or debt-to-income ratio.”

Cowan concedes the study lacked certain data – including applicant credit scores – and, as such, refused to outright accuse lenders of any gender bias.

Is Gender Discrimination in Lending Rampant in Chicago? (National Mortgage Professional Magazine)

The Woodstock Institute’s new study found that female home loan applicants in the six counties that make up the Chicago metro region were 14.5 percent of women were less likely to receive a mortgage than male applicants, while 28.3 percent of joint mortgage applications where the woman’s name came first were rejected versus joint applications with the man’s name first.

Chicago Women May Have A Harder Time Getting Approved For A Mortgage Than Men (Chicagoist)

A new report by the Woodstock Institute found that women in the Chicago area are more likely to be turned down for mortgages than men.

The study looked at data from more than 211,000 applicants for home purchase loans in the six counties around Chicago, including Cook, and found that female applicants were 14.5 percent less-likely to have their loan application approved. And a woman whose name was first on a joint application was 28.3 percent less-likely to receive a loan than a man applying alone.

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