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This algorithm was developed from data from the 1990s and is more than 15 years old. It's widely considered detrimental to people of color because it rewards traditional credit, to which White Americans have more access.
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“Lenders used to tell us, ‘It’s because you don’t have the lending profiles; the ethno-racial differences would go away if you had them,’ ” said José Loya, assistant professor of urban planning at UCLA who has studied public mortgage data extensively and reviewed our methodology. “Your work shows that’s not true.”
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