Tag: Fair Housing Act
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When Some Buyers Are More Equal Than Others: Will the U.S. Government “Reboot Redlining”?
Not long ago, New Jersey-based OceanFirst Bank agreed to pay more than $15 million in a settlement with the federal government. This was to resolve the government’s allegations that, for several years, beginning in 2018, the bank violated the Equal Credit Opportunity Act and Fair Housing Act. The problem involved an alleged pattern of ignoring…
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Dane County, Wisconsin Event Helps Deed Holders Delete Racial Covenants
In June, a two-and-a-half-hour event took place at the Alliant Energy Center Exhibition Hall in Madison. The goal? To deal with harmful, racially motivated deed restrictions. Local leaders showed up — and led. Title professionals came to help deed holders fill out and record the document called “Discharge and Release of Discriminatory Restriction Affecting Real…
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Feds Sue Rocket for Race-Based Appraisal Bias. Rocket Fights Back.
Retail lending powerhouse Rocket Mortgage is now suing the U.S. Justice Department. Rocket says the government wrongly dragged the company into a discrimination lawsuit. It was a Colorado deed holder who first called out a lowball appraisal. The Justice Department claimed that Rocket derailed the refinance application after that calling-out. But Rocket leadership denies having…
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Facing Up to Discriminatory Deed Language: What Pennsylvania Did
With everything that’s happening in the world, maybe more needs to be said about what the Pennsylvania Senate did in December. Every senator agreed to pass state Rep. Justin Fleming’s H.B. 1289, enabling homeowners to publicly condemn offensive language in deed covenants. The new law 1289 makes it cheap or free, and very simple to…
