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Fair Housing Act

HUD says sharing crime, school data doesn’t violate Fair Housing Act

HUD says sharing crime, school data doesn’t violate Fair Housing Act

Fair Housing Act, HUD, Politics and policy, Racial bias, Regulation and compliance /

The U.S. Department of Housing and Urban Development sent a letter to real estate professionals to assure them they are not violating the Fair Housing Act when sharing information with potential homebuyers about neighborhood crime rates and school quality. Processing Content Assistant Secretary for Fair Housing and Equal Opportunity Craig Trainor explained in the letter […]

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CFPB finalizes new ECOA rule in major fair lending pivot

Fair Housing Act, Lending, Politics and policy, Racial bias, State regulators /

Key insight: The CFPB claims that the Equal Credit Opportunity Act does not include statutory language that would allow for a so-called “disparate impact” test for instances of unintended discrimination.  What’s at stake: The changes don’t let lenders off the hook entirely. States such as California, Massachusetts and New Jersey maintain strict anti-discrimination rules, creating

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Democratic AGs sue HUD over fair housing guidance

Fair Housing Act, Litigation, Politics and policy, Trump administration /

Key insight: A group of 16 state attorneys general, all Democrats, have filed suit against the Department of Housing and Urban Development over a recent guidance limiting enforcement of equal housing laws. Supporting data: The attorneys general say the guidance, which affects how HUD funds state investigations of discrimination complaints, threatens $10.7M in Fair Housing

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Advocates urge judge to block $68m Colony Ridge settlement

Fair Housing Act, Litigation, Politics and policy, Regulation and compliance /

Key insight: Eight civil rights nonprofits have urged a federal court to reject a proposed settlement between the Department of Justice and developer Colony Ridge, arguing an immigration enforcement clause in the settlement is “unlawful.”  What’s at stake: The underlying lawsuit targeted a “foreclosure mill” that sold undeveloped, flood-prone land to Hispanic buyers at 10%

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FHFA goes ahead with repeal of Biden fair lending rule

FHFA goes ahead with repeal of Biden fair lending rule

Affordable housing, Fair Housing Act, FHFA, Regulation and compliance /

The Federal Housing Finance Agency is not making changes to its proposed repeal of the Biden Administration’s Fair Lending, Fair Housing and Equitable Housing Finance Plans regulation it first published for comment in July. Processing Content The rule is also identified as part 1293 and the current version was put into place in April 2024.

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FHFA set to end equitable housing finance plans for GSEs

Fair Housing Act, Housing markets, Politics and policy, Regulation and compliance, Secondary markets /

The Federal Housing Finance Agency is proposing to repeal its fair lending, fair housing and equitable housing finance rule, stating it is looking to comply with Pres. Trump’s executive orders. Furthermore, the rule is duplicative, with the laws behind each portion administered by other agencies. But Jannell Byrd-Chichester, general counsel for the National Fair Housing

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