The Mortgage Firm to invest $1.5M to settle DOJ redlining case
The Mortgage Firm settles a redlining lawsuit with a $1.5 million investment after alleged discriminatory practices against Black and Hispanic communities.
DOJ Accuses National Mortgage Lender of Redlining in Alabama
Ongoing redlining allegations against Fairway Independent Mortgage Corp. spotlight persistent racial discrimination in mortgage lending.
Fairway denies allegations while agreeing to settle and support affordable lending initiatives.
OceanFirst Bank will pay $15M to resolve redlining allegations
HUD and DOJ secured a $15 million settlement with OceanFirst Bank over discriminatory redlining practices against minority communities in New Jersey.
Fairway, accused of redlining in Alabama, agrees to settle for $1.9M
Fairway Independent Mortgage Corp. settles allegations of lending discrimination, agreeing to pay $1.9 million and invest $7 million in majority-Black neighborhoods.
The opportunity cost of modern-day redlining
Redlining persists in modern times, with recent legal actions highlighting the issue and penalties imposed on lenders.
The new era of redlining is more about benign neglect than overt discrimination, impacting BIPOC neighborhoods due to historical factors.
The Mortgage Firm to invest $1.5M to settle DOJ redlining case
The Mortgage Firm settles a redlining lawsuit with a $1.5 million investment after alleged discriminatory practices against Black and Hispanic communities.
DOJ Accuses National Mortgage Lender of Redlining in Alabama
Ongoing redlining allegations against Fairway Independent Mortgage Corp. spotlight persistent racial discrimination in mortgage lending.
Fairway denies allegations while agreeing to settle and support affordable lending initiatives.
OceanFirst Bank will pay $15M to resolve redlining allegations
HUD and DOJ secured a $15 million settlement with OceanFirst Bank over discriminatory redlining practices against minority communities in New Jersey.
Fairway, accused of redlining in Alabama, agrees to settle for $1.9M
Fairway Independent Mortgage Corp. settles allegations of lending discrimination, agreeing to pay $1.9 million and invest $7 million in majority-Black neighborhoods.
The opportunity cost of modern-day redlining
Redlining persists in modern times, with recent legal actions highlighting the issue and penalties imposed on lenders.
The new era of redlining is more about benign neglect than overt discrimination, impacting BIPOC neighborhoods due to historical factors.
Redline Redefined: Launch Party + Concert (Oakland)
The Redline Redefined project showcases the impact of redlining through the work of eight Bay Area artists.
CFPB seeks settlement in Townstone Financial redlining dispute
The CFPB seeks a settlement with Townstone Financial for discriminatory lending practices and redlining, pressing for compliance with the Equal Credit Opportunity Act.
These Cities Rank as the Least Favorable for Black Americans
Socioeconomic disparities persist between Black and White Americans, impacting various quality of life measures across different regions.
Citadel agrees to pay $6.5M to settle DOJ's redlining claims
The DOJ has settled lending discrimination allegations against Citadel Federal Credit Union for $6.5 million, marking a significant move against redlining practices.
Opinion: To redress racial bias in mortgage underwriting, scrap the credit score
The U.S. mortgage industry faces racial disparities in mortgage approval rates, reminiscent of historical redlining practices.
Redlining's impact extends beyond housing into broader societal issues such as air pollution and health disparities.
Citadel agrees to pay $6.5M to settle DOJ's redlining claims
The DOJ has settled lending discrimination allegations against Citadel Federal Credit Union for $6.5 million, marking a significant move against redlining practices.
Opinion: To redress racial bias in mortgage underwriting, scrap the credit score
The U.S. mortgage industry faces racial disparities in mortgage approval rates, reminiscent of historical redlining practices.
Redlining's impact extends beyond housing into broader societal issues such as air pollution and health disparities.