Discrimination in mortgage lending is prohibited by the Fair Housing Act. The Act makes it unlawful to engage in discriminatory practices based on race, color, national origin, religion, sex, familial status or handicap (disability). Examples of discrimination in lending include...
The U.S. Department of Housing and Urban Development contracted with the Urban Institute to rigorously assess the effectiveness of paired testing for determining whether minority homebuyers receive the same treatment and information as whites at the pre-application phase of the mortgage lending process, and to produce rigorous measures of the incidence of unequal treatment in two metropolitan areas.
This section examines the requirements of the federal Fair Housing Act pertaining that prohibit discrimination in mortgage lending and servicer practices. This section includes information on foreclosures and foreclosure prevention.
Two video clips on exapmles of good and poor lending, as well as some common questions and tips related to predatory lending, such as:
ILAS Fair Lending Project poster for the Fair Lending Advice Line. Available for printing and posting at your business.
Idaho Legal Aid Services Fair Lending: Predatory Lending Abuses Brochure.
Equity-rich, cash poor elderly homeowners are an attractive target for unscrupulous mortgage lenders.
No se fíe de cualquiera que le ofrezca un "crédito que es una ganga" o un préstamo de "consolidación", aunque lo avisen por correo, por teléfono o llamando a la puerta de casa.
Be suspicious of anyone who offers you a “bargain loan” or “consolidation” loan, whether they send you an offer, call you on the phone, or come to your door.
If you’re refinancing your mortgage or applying for a home equity installment loan, you should know about the Home Ownership and Equity Protection Act of 1994 (HOEPA).