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Fair Lending

Fair housing groups sue CFPB, Vought over ECOA fair lending rule

CFPB, Discrimination, disparate impact, Fair Lending, HWmember, Lawsuit, Legal, Mortgage, National Fair Housing Alliance, Politics, Trump administration /

A coalition of fair housing and economic advocacy groups sued the Consumer Financial Protection Bureau (CFPB) and acting director Russell Vought on Wednesday, seeking to block a Trump administration-backed rule they say would weaken longstanding protections against lending discrimination. The lawsuit, filed in federal court in Washington, D.C., challenges changes made last month by the […]

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HUD launches probe into Washington state down payment assistance program

Down Payment Assistance, Fair Lending, HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Washington /

Washington state’s Covenant Homeownership Program is under investigation by the U.S. Department of Housing and Urban Development (HUD) over potential violations of the Fair Housing Act. HUD’s Office of Fair Housing and Equal Opportunity (FHEO) notified the Washington State Housing Finance Commission, which administers the program, of the probe on Tuesday. The investigation comes days

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Colony Ridge settlement faces court challenge in Texas

CFPB, Department of Justice, Fair Lending, Hispanic homeownership, Housing Market, HWmember, Lawsuit, Legal, Regulatory /

Fair housing and immigrant advocacy groups are urging a federal court in Texas to reject a proposed settlement between Colony Ridge Development LLC and federal agencies over alleged predatory lending practices. The groups say that key provisions of the agreement are “unlawful, unnecessary and unrelated to the underlying case.” Under the proposed terms, Colony Ridge

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Tavant agentic AI portal connects lenders, real estate agents, borrowers

Agent, Artificial Intelligence, Compliance, Fair Lending, HWmember, Loan Officer, Mortgage, Mortgage Bankers Association, Real Estate, Technology /

At the Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2026 in Dallas, Tavant unveiled its TOUCHLESS Servicing Portal and embedded artificial intelligence (AI) agent MAYA — expanding its platform beyond loan origination and into post-close servicing. The new portal unifies application, decisioning and servicing in a single borrower-facing experience, allowing homeowners to move from

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Judge upholds Washington state’s special purpose credit program

Discrimination, Fair Housing, Fair Lending, HWmember, Lawsuit, Legal, Mortgage, National Fair Housing Alliance, Origination, Redlining, Washington /

A federal judge this week refused to block a special purpose credit program (SPCP) designed to reduce the racial homeownership gap across Washington state, rejecting a constitutional challenge brought by nonprofit Foundation Against Intolerance and Racism (FAIR). U.S. District Court Judge John H. Chun denied FAIR’s request for a preliminary injunction to halt the Covenant

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Nonprofits launch fair lending tip lines as federal oversight wanes

Department of Justice, Discrimination, Fair Lending, HWmember, Mortgage, National Community Reinvestment Coalition, National Housing Conference, Politics, Redlining, Regulatory /

Nonprofit organizations say the Trump administration has dramatically scaled back fair lending oversight — and they’re stepping in to fill the void. In its latest move, the Department of Justice (DOJ) this week announced the rescission of disparate-impact liability from its Title VI regulations, while other parts of the federal government have reduced enforcement of

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2026 mortgage compliance trends show staffing strains, regulatory risks

Artificial Intelligence, Compliance, Cybersecurity, Fair Lending, HWmember, Mortgage, Regulatory, Regulatory Compliance /

Ncontracts, a provider of compliance, risk and vendor management solutions for the financial services industry, released a new survey Tuesday that examines how institutions are managing evolving compliance expectations in 2026. The survey, “The Future of Compliance: Benchmarking the People, Processes, and Pressures Shaping Compliance in 2026,” included responses from 183 financial institutions across various

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FHFA plans to eliminate GSEs’ equitable housing finance plans

Fair Lending, Fannie Mae, FHFA, Freddie Mac, Government Lending, HWmember, Mortgage, Regulatory Compliance /

The Federal Housing Finance Agency (FHFA) is proposing to repeal its fair lending, fair housing and equitable housing finance rule, arguing that the regulation is duplicative that the repeal aligns with prior executive orders aimed at streamlining agency functions. The rule, finalized in May 2024 under the Biden administration, required Fannie Mae and Freddie Mac

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OCC drops disparate impact enforcement

disparate impact, Donald Trump, Fair Lending, HWmember, LendingLife, Mortgage, Office of the Comptroller of the Currency, Regulatory, Trump administration /

The Office of the Comptroller of the Currency (OCC) announced Monday that it will no longer enforce disparate impact analysis in fair lending risk assessments, following a directive from the White House issued three months ago. “Consistent with EO 14281, the OCC supervisory process for fair lending compliance no longer includes examining for disparate impact

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