✅ "Look at the difference in credit scores in the recent period .
Recently there have been almost no originations for borrowers with
credit scores below 620, and few below 660. A significant majority of
recent originations have been to borrowers with credit score above 760." [Fed. Reserve/McBride]
✅ So, if you believe the Federal Reserve, race-based/credit score lending is now having a profound effect on younger members, females and Af-Am folks who statistically have lower credit scores [link to post]. The reasons that many SECU members have lower credit scores is often due to unexpected and often tragic events in their lives - Hurricane Helene for example in Western North Carolina [link to post]. But algorithms don't really care to hear about all that ...
😎 Not to worry! The "New/New" crowd at SECU has developed a new mortgage loan just for you - the undeserved!
