Housing Wire

APRIL 9, 2024

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. More recently, Patriot Bank paid $1.9

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Housing Wire

NOVEMBER 23, 2022

According to Cameron, the recent downturn has delivered the biggest and fastest rate increase in modern history — and the sharpest volume and revenue decrease the mortgage business has ever seen. Since relaunching operations, Interfirst also hired teachers and first responders to be loan officers.

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Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. Senior administration officials claim that rooting out “modern-day redlining” is a top priority. But there was a catch.

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Housing Wire

FEBRUARY 7, 2022

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD.

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