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Washington State FAIR HOUSING UPDATE |
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On July 11, 2007, HUD announced that it is creating a new Fair Lending Division that will review mortgage lending practices throughout the nation. HUD has hired a senior-level economist and is seeking to hire five fair lending specialists to enhance its capacity to investigate allegations of mortgage lending discrimination. Specifically, the new Fair Lending Division will investigate complaints that allege that lenders have refused to make mortgage loans, failed to provide the same information on loan products, imposed different terms or conditions for acquiring or repaying a loan, or otherwise discriminated against borrowers because of their race, national origin, or other protected characteristic. The Division will also analyze lending data for evidence that suggests that lenders are engaging in unlawful discrimination and will use HUD's authority to initiate investigations and take legal action against lenders engaged in such practices. In addition, the Division will conduct HUD's fair lending oversight of the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac, to ensure their underwriting policies and practices comply with fair lending laws. (reprinted from HUD Fair Housing News, Summer 2007) OCR Fair Housing Home Page | Comments about this Web page Updated: Oct. 18, 2007 King County | DES | OCR | News | Services | Search Links to external sites do not constitute
endorsements by King County. |