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  2. Navy Federal says external review finds ‘non-race factors ...

    www.aol.com/navy-federal-says-external-review...

    A CNN investigation published in December found that Navy Federal approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022 while approving ...

  3. Lawmakers call on federal regulators to review Navy Federal ...

    www.aol.com/senators-call-federal-regulators...

    A CNN investigation last month found that Navy Federal approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022 while approving less than 50% ...

  4. Documents needed for mortgage preapproval - AOL

    www.aol.com/finance/documents-needed-mortgage...

    Documents for mortgage preapproval. Pay stubs from at least the past 30 days. Tax returns (including W-2s) from the past two years. Bank statements from the past two months to three months ...

  5. Navy Federal Credit Union - Wikipedia

    en.wikipedia.org/wiki/Navy_Federal_Credit_Union

    Navy Federal Credit Union (or Navy Federal) is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member (or retail) credit union in the United States, both in asset size and in membership.

  6. Home Mortgage Disclosure Act - Wikipedia

    en.wikipedia.org/wiki/Home_Mortgage_Disclosure_Act

    Signed into law by President Gerald Ford on December 31, 1975. The Home Mortgage Disclosure Act (or HMDA, pronounced HUM-duh) is a United States federal law that requires certain financial institutions to provide mortgage data to the public. Congress enacted HMDA in 1975. [1]

  7. Mortgage underwriting in the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_underwriting_in...

    Loan to value is a ratio of the loan amount to the value of the property. In addition, the combined loan to value (CLTV) is the sum of all liens against the property divided by the value. For example, if the home is valued at $200,000 and the first mortgage is $100,000 with second mortgage of $50,000, the LTV is 50% while the CLTV is 75%.

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