Latest / Raleigh News Today | 2 Min News | The Daily News Now!
Banks Target ITIN Borrowers on Risk | Raleigh News
Regulators are forcing banks to treat ITIN borrowers as higher-risk, citing deportation as a factor — but data shows these borrowers often have lower default rates and better debt-to-income ratios. Critics warn the move creates legal and compliance headaches, risks violating anti-discrimination laws, and ignores the bigger threat: job loss. As banks brace for costs and civil rights groups prepare legal action, the future of lending to immigrant homebuyers hangs in the balance. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.