What are the documented racial disparities in mortgage approval rates according to Bartlett et al. (2022)?

Bartlett et al. (2022) found that Black mortgage applicants are denied at rates 2.4 times higher than white applicants with similar financial profiles, even when controlling for income and credit scores.

Bartlett et al. (2022) conducted a study that highlights significant racial disparities in mortgage approval rates. Their findings indicate that Black mortgage applicants face denial rates that are 2.4 times higher than those of white applicants who have comparable financial profiles. This disparity persists even when factors such as income and credit scores are controlled for, suggesting that racial bias is a significant factor in the mortgage approval process.