Discretionary Pricing, Mortgage Discrimination, and the Fair Housing Act.For generations, mortgage lending has always been the gateway to the American dream of homeownership, and, historically, has also been characterized by widespread discrimination against racial and ethnic minorities and their ...
Dane,Disparate Impact Analysis in the Mortgage Lending Context, 115 Banking L.J. 900 (1998). Dane and Stokes,Fair Housing Cases: The Effect of Ohio’s Tort Reform Act, Ohio Lawyer, Jan./Feb. 1998, at 14. Dane,Investigating Claims of Discrimination in Housing Finance, 28 John ...
The Fair Housing Act expressly prohibits discriminatory practices, policies and behavior among those involved with the housing rental, purchase and financing industry. Specifically, the law prohibits discrimination by landlords, real estate companies, lending institutions,mortgage brokers,real estate agents/br...
In a decision that expands the legal weapons used to combat housing discrimination, a U.S. appeals court ruled that the federal Fair Housing Act prohibits “redlining” in insurance just as it does in mortgage lending. The three-judge panel in Chicago on Tuesday unanimously reversed a lower c...
But target marketing for real estate and mortgage lending presents many legal complexities and challenges. Familiarizing yourself with the Fair Housing Act is critical to ensure you keep your marketing compliant and avoid business disruption. Many businesses see these obstacles as ...
In the United States, this principle is embodied in fair lending laws such as the Equal Credit Opportunity Act, the Fair Housing Act as well as other factors included in state and local laws. These laws require the equitable treatment of all credit applicants without regard to race, sex (...
How to avoid being a victim of housing discrimination. What Is the Federal Fair Housing Act? Originally enacted in 1968, the Fair Housing Act protects against housing-based discrimination, whether that’s buying or selling a home, getting a mortgage, renting a home or seeking housing assistance...
Fair Lending Notice Last modified on December 27, 2023 Housing Financial Discrimination Act of 1977 It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of: Trends, characteristics or conditions in the neighborhood or geographic ...
SERVICES UPDATE Supreme Court Rules That Fair Housing Act Allows Disparate Impact Claims On June 25, 2015, the Supreme Court settled a long-brewing debate and issued a landmark 5-4 decision upholding the use of disparate impact claims in discrimination cases brought under the Fair Housing Act (...
Department of Housing and Urban Development in addressing discrimination in lending based on sex, familial status or disability through the Fair Housing Act. It notes HUD's agreements with various mortgage companies such as Cornerstone Mortgage Co., Mortgage Guarantee Insurance Corp. (MGIC), and ...