According to the Fair Housing Act,landlords, real estate companies, sellers of real estate, and other agencies or persons may not use a buyer’s or renter’s protected class characteristics as a reason to: Falsely claim housing is unavailable. ...
A conventional loan is a mortgage loan that a homebuyer receives from a private non-government lender. Key Takeaways Mortgage loans offered by private sources are called "conventional loans" or "non-GSE loans" and come in many forms. Loans offered by the Fair Housing Administration (FHA) or...
TheFair Housing Actdictates that no landlord can refuse housing to a potential tenant based on race, nationality, sex, familial status, religion or disability. The Department of Housing and Urban Development, the federal government's authority on housing, aims to provideaffordable housingoptions an...
Enforcement of the Fair Housing Act: What Role Should the Federal Government Play1220, which advocated administrative enforce- ment, required that charges involving "any novelissues of law threat, more of those complaints will be conciliated without resort to an agencyhearing including the power to...
The current housing financing system is built on the foundations that redlining left in place. To decrease the effects of redlining and its legacy, it must address the underlying biases that led to these practices. “This can be done through Fair Housing education and training of real estate ...
Remember, fair housing laws. Remember that you cannot discriminate when renting a room on your property. You cannot discriminate based on race, sex, religion, familial status, disabilities, national origin, or ethnic background. The Fair Housing Act prohibits all of these things. Here is some ...
Those who wish to buy a home may also face housing discrimination. Historically, home owners and real estate agents have sometimes colluded to prevent people of certain races, religions, or ethnicities from buying a home in a particular neighborhood. Even in the absence of that type of discrimin...
Danny Hertzberg of the Jills Zeder Group at Coldwell Banker Residential Real Estate inMiami, says, "The penthouse is usually considered the premier and most exclusive floor of a residential buiding." But, he adds, “not all penthouses are created equal. Though the actual top floor is conside...
Fair Credit Reporting Act TheFair Credit Reporting Actwas passed in 1970 to regulate the collection of credit information which is frequently used to determine mortgage and lending rates. The law limits who can access a consumer's credit history and prohibits lenders from providing outdated or inacc...
The Community Reinvestment Act is a federal law that encourages lenders to meet the credit needs of the communities in which they are located.