Real estate agents and brokers who are listing agents for Fannie Mae, take note: A sweeping federal lawsuit accusing the government-sponsored enterprise (GSE) of neglecting foreclosure properties in predominantly minority neighborhoods could put you in the crosshairs of the Fair Housing Act.
- On Dec. 5, the National Fair Housing Alliance (NFHA) filed a housing discrimination lawsuit against Fannie Mae alleging that it fails to keep up foreclosure properties in minority neighborhoods.
- The NFHA’s lawsuit also seeks to enjoin some agents and brokers who work with Fannie Mae, said its president and CEO.
- Since 2009, the NFHA and its partners investigated 2,300 foreclosure properties owned and maintained by Fannie Mae and collected evidence on 39 data points identified as important to protecting, securing and marketing the homes.
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Inman Connect New York | January 29 - February 1, 2019