Park National Bank latest lender to settle federal redlining charges
The Ohio bank's $9M pledge to promote ownership in Black and Hispanic areas is the 6th since the DOJ launched an initiative to combat redlining in 2021 that has generated $84M in relief
by Matt Carter Mar 3
Court tosses redlining suit sparked by mortgage broker's radio show
Regulators alleged statements made by hosts of Townstone Financial's call-in show discouraged 'prospective' African-American applicants from seeking mortgage loans
by Matt Carter Feb 8
Wells Fargo exiting correspondent mortgage lending business
Executives hope to reduce risk by reducing the size and narrowing the focus of bank's mortgage business to better serve retail customers and minority communities
by Matt Carter Jan 11
Nationwide appraisal ethics rule changes postponed until 2024
The Appraisal Foundation’s Appraisal Standards Board says it needs more time to assess proposed changes designed to close the door to discrimination
by Andrea V. Brambila Aug 19
‘Modern-day redlining:’ Wells Fargo faces scrutiny over Black refi stats
The lender says credit scores, home appraisals and broader inequities in the U.S. economy explain the higher approval rates for white borrowers
by Matt Carter Mar 21
Appraisal ethics rule under review after federal scrutiny
The ethics rule in question, which some regulators argue doesn't clearly state that housing discrimination against protected classes is illegal, was contested by 8 federal agencies
by Andrea V. Brambila Mar 11
Put fair housing laws to work: How to prevent discriminatory practices
Determining how to create more equality in your business begins with an honest self-evaluation of your own attitudes and behaviors. Here's how to move fair housing from theoretical to practical
by Christy Murdock Aug 1
'Disparate impact' doctrine troubling property owners, mortgage lenders
Supreme Court's decision to take up issue could produce landmark ruling in 2014
by Ken Harney Jun 18
Lender investing $3.6 million to settle DOJ discrimination charges
by Inman May 6
GEM Mortgage denies charging Hispanic applicants more
by Matt Carter May 12