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Fair Housing Act

U.S. Bank Subsidiary Accused of Fair Housing Act Violation

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The U.S. Department of Housing and Urban Development (HUD) has announced that it has reached an agreement with U.S. Bank National Association, U.S. Bank subsidiary Red Sky Risk Services, LLC (formerly known as USB Lending Support Services, LLC), and one of U.S. Bank’s loan officers, resolving allegations that they refused to refinance the mortgage of a Native American couple in Belcourt, North Dakota, because their property is located on a reservation.Click to continue

HUD Fines FirstBank Mortgage for Fair Housing Act Violation

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The U.S. Department of Housing & Urban Development (HUD) has announced that Jackson, Tenn.-based mortgage lender FirstBank Mortgage Partners will pay $35,000 to settle allegations that it violated the Fair Housing Act when it denied a mortgage loan to a couple because one applicant was on maternity leave.Click to continue

HUD Fines Philly Firm for Fair Housing Act Violations

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The U.S. Department of Housing & Urban Development (HUD) has announced that Brotman Enterprise LLC, a Philadelphia-area real estate company, will pay $25,000 as part of a Conciliation Agreement resolving allegations that its agents discriminated against African-American prospective renters.Click to continue

HUD Settles With BofA Over Lending Discrimination Tied to Refis

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The U.S. Department of Housing and Urban Development (HUD) announced that Bank of America will pay $45,000 as part of Conciliation Agreements resolving allegations the lender discriminated against pregnant women seeking mortgage loans.  HUD had alleged that the Bank of America refused to refinance the mortgages of two couples in California and Texas, because the women were on maternity leave.Click to continue

LoanLogics Announces CFPB-Friendly Upgrade

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LoanLogics has enhanced its LoanDecisions product with a new Fair Lending feature designed to satisfy the Consumer Finance Protection Bureau’s Fair Lending audits that are more in-depth than in the past and seek to enforce provisions of the Fair Housing Act and Equal Credit Opportunity Act.Click to continue

HUD Begins Litigation In Discrimination Case

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The U.S. Department of Housing and Urban Development (HUD) announced that it is charging Fifth Third Bank, Fifth Third Mortgage Company and Cranbrook Mortgage Corporation with discriminating against a couple with disabilities who were attempting to refinance their home mortgage. HUD’s charge alleges that the Cincinnati, Ohio-based mortgage lender and the Clinton Township, Michigan-based mortgage broker required unnecessary medical documentation in order to qualify the couple for a Federal Housing Administration (FHA) loan.Click to continue

Judge Okays Predatory Lending Suit Against Morgan Stanley

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A federal court has ruled that a landmark discrimination lawsuit against Morgan Stanley can move forward. Judge Harold Baer denied in part the investment bank’s motion to dismiss the case, which alleges Morgan Stanley violated Fair Housing Act Title VIII of the Civil Rights Act of 1968 (Fair Housing Act) by encouraging lenders to push high-risk mortgage loans on African-American borrowers.Click to continue

HUD Reaches Settlement With BofA and Fannie Mae on Fair Housing Act Violation

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The U.S. Department of Housing & Urban Development (HUD) has announced that it has reached a Conciliation Agreement with Bank of America and Fannie Mae, settling allegations that the Charlotte, N.C.-based lender and Fannie Mae violated the Fair Housing Act by denying a borrower’s application to modify her mortgage loan because she did not provide sufficient information about the nature of her disability. The woman was applying for a loan modification through the Obama Administration’s Home Affordable Modification Program (HAMP).Click to continue

HUD Launches Campaign for April's Fair Housing Month

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The U.S. Department of Housing and Urban Development (HUD) and the National Fair Housing Alliance (NFHA) launched a national media campaign to educate the public and housing providers about their rights and responsibilities under the Fair Housing Act. The campaign, titled “Fair Housing Is Your Right. Use It,” includes English, Spanish, and Chinese radio and print public service advertisements (PSAs) that feature examples of actions which violate the Fair Housing Act and let the public know what to do if they experience housing discrimination.Click to continue

HUD Releases New App Geared Toward Fair Housing

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The U.S. Department of Housing & Urban Development (HUD) has launched the first housing discrimination mobile application (app) for iPhone and iPad. Developed by HUD’s Office of Fair Housing and Equal Opportunity (FHEO) and HP, the app uses the latest technology to provide the public with a quick and easy way to learn about their housing rights and to file housing discrimination complaints, and inform the housing industry about its responsibilities under the Fair Housing Act.Click to continue