Online Mortgage Lending Creates Diversity Challenge

When you apply for a home loan, banks are required to ask: What’s your race? The data is collected and reported so regulators can identify biased lending practices. But the NBC Bay Area Investigative Unit analyzed data in California and found the information provided by the nation’s largest mortgage lender is missing some key statistics. Experts say that could make it impossible to detect discrimination. Investigative reporter Liz Wagner reports in a story that aired on May 31, 2018.