José Loya of the UCLA Luskin Urban Planning faculty spoke to CNN about disparities discovered in the mortgage approval rates at the largest credit union in the nation. CNN reported that Navy Federal Credit Union approved more than 75% of the white borrowers who applied for a new conventional home purchase mortgage in 2022, but fewer than 50% of Black borrowers who applied for the same type of loan. This is the widest disparity in mortgage approval rates between white and Black borrowers of any major lender, the news organization concluded. The disparities are alarming, said Loya, who studies racial gaps in mortgage approvals and reviewed CNN’s analysis. “It does surprise me that they’re doing significantly worse than other big lenders” because of Navy Federal’s status as a credit union, he added.