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Interesting you mention banks. > A 2019 study by Hua Sun and Lei Gao of Iowa State University found that from 1990 to 2015, same-sex couples were 73% more like
by avocadvocate 4y ago
Interesting you mention banks.
> A 2019 study by Hua Sun and Lei Gao of Iowa State University found that from 1990 to 2015, same-sex couples were 73% more likely to be turned down for a mortgage than similarly qualified different-sex couples. In addition, same-sex couples who were approved for mortgages paid about 0.02% to 0.2% more, on average, in interest and fees.
https://www.investopedia.com/mortgage-lending-for-lgbtq-people-5120688 https://www.investopedia.com/mortgage-lending-for-lgbtq-peop...
The US government has made positive changes to combat this practice,
https://www.reuters.com/article/us-usa-lgbt-banks/u-s-banks-banned-from-discriminating-against-lgbt-people-idUSKBN2B82TQ https://www.reuters.com/article/us-usa-lgbt-banks/u-s-banks-...
but you would be mistaken to assume such discrimination has completely disappeared or doesn't still exist in similar forms.
- Thorentis 4y agoI'm going to dispute "similarly qualified". Being married is a huge indicator of future financial stability, and for most of the cited time period, SSM couples could not get married. There are also many statistics which point to SSM relationships (regardless of marital status) ending sooner. So if the banks are inputting this to a "go/no go" algorithm, the results do not surprise me at all.