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Fair Housing Act

HUD Levies Fine on American Bank for Discrimination Changes

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The U.S. Department of Housing & Urban Development (HUD) has announced that it has entered into an Initial Decision and Consent Order with American Bank, resolving HUD’s charge that the Rockville, Md.-based lender discriminated against applicants with disabilities when it allegedly required applicants to provide documentation regarding their disabilities and attempted to obtain information about the nature and extent of those disabilities. Click to continue

HUD Says Town Sought Evictions of Domestic Violence Victims

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In the wake of recent scandals regarding several prominent athletes in the National Football League (NFL), domestic violence has received an increased amount of attention via the media and public forum discussions. Now, the U.S.Click to continue

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