20 ways to serve low-income & minority borrowers.

Community development credit unions (CDCUs) can improve their mortgage products for low-income and minority borrowers and still be free of financial risks. CDCUs must avoid overrelying on credit history and on shadow underwriting. Moreover, they must make escrow options available for repairs and look at net worth for self-employed borrowers. They must also relax downpayment standards and debt ratios. It is likewise important that CDCUs negotiate to reduce fees that add to closing costs.

How would you evaluate the following two credit applicants?

* A couple, making $90,00