HUD fines FirstBank Mortgage Partners for maternity-related discrimination

HUD noted in a release, "Refusing to approve a mortgage loan or provide mortgage insurance because a woman is pregnant or on family leave violates the fair housing act‘s prohibition against sex.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and p

Ali Solis – Ongoing Need in Affordable Housing Ali Solis Joined at a press conference by resolution sponsors Sen. Chris Van Hollen (D-Md.) and Reps. Bruce Poliquin (R-Maine) and Denny Heck (D-Wash.), Make room shed light on the 11 million households nationwide that spend more than half of their income just on rent, while making sacrifices such as forgoing food, health care, and other necessities.

Broker and bank hammered by HUD for discrimination.. Ohio-based Cranbrook Mortgage Corporation with discrimination against a couple who were trying to refinance their home.. HUD alleges that.

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HousingWire Content on ‘FirstBank Mortgage Partners’ In its latest settlement over violation of the Fair Housing Act, the U.S. Department of Housing and Urban Development reached a $5 million.

MORTGAGE INSURANCE COMPANY PAYS $30,000 TO SETTLE MATERNITY LEAVE DISCRIMINATION CLAIMS. WASHINGTON – The U.S. Department of Housing and urban development (hud) announced today that it has reached agreements to settle two Fair housing act complaints against Madison, WI-based CMG Mortgage Insurance Company (CMG MI), the nation’s largest provider of private mortgage insurance to credit unions.

FirstBank Mortgage Read Thirteen Bankers by Simon Johnson and James Kwak as they follow the systematic dismantling of banking regulations that led up to the S&L crisis between 1985 and 1992 followed by the creative mortgage gambling that resulted in the bursting of the housing bubble starting in 2006 and peaking in 2008.A synopsis of Thirteen Bankers can also by seen in five posts on this site from 7-4-2012.

 · HUD reached the agreement with Bank of America to resolve a Fair Housing Act complaint that had been filed by the Fair Housing Council of orange county (fhcoc). The Fair Housing Act prohibits housing discrimination in mortgage lending and real estate-related transactions based on a person s race, color, national origin, religion, sex, family.

Central banks brace for U.S. default The Federal Reserve’s growing scrutiny of global banks has set off a scramble among foreign firms as they staff up and revamp operations to meet the central bank’s rising expectations. The Fed’s stress tests are expected to find shortcomings in risk management at the U.S. units of some foreign banks, including Deutsche Bank AG and Banco Santander SA, according to people familiar with the.

Mortgage Lender Settles hud maternity discrimination Suit Share PNC Bank, a mortgage bank based in Trumbull, CT, will have to pay $15,000 to a couple who was denied a home loan because one person in the couple was on paid maternity leave through her employer.

Fannie Mae, Freddie Mac would need another bailout in severe economic crisis Fannie Mae and Freddie Mac would need as much as $100 billion in bailout funding in the form of a potential incremental Treasury draw, in the event of a new economic crisis which sends the S&P some 50% lower and results in a failoure of their largest counterparty.