Fairway blasts federal regulators in $10M redlining settlement
Nation's third biggest lender casts itself as a victim of politics, noting Consumer Financial Protection Bureau launched its investigation the day after Biden Administration took office
by Matt Carter Oct 16
HUD: Appraisal that erased $220K in home value was discriminatory
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act in 2021 refinancing request. Rocket says it expects to prevail
by Matt Carter Jul 16
'Historic' agreement aims to break racial barriers in appraisal industry
The Appraisal Foundation will establish $1.22M scholarship fund to help aspiring appraisers get training and fulfill experience requirements said to have contributed to lack of diversity
by Matt Carter Jul 12
AREAA takes fight against Florida foreign buyer ban to court
The Asian Real Estate Association of America has filed suit against the State of Florida over Senate Bill 264, a controversial bill aimed at restricting foreign buyers' housing rights
by Marian McPherson May 6
Douglas Elliman fair housing case reveals agent confusion over law
A discrimination lawsuit filed by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several prominent agents has brought to light misconceptions about agent fair housing duties
by Lillian Dickerson Sep 26
Do you recognize housing discrimination when you see it?
Safe, affordable housing should be accessible for everyone. As Realtors, our responsibility is to our clients, no matter who they are
by Nora Crosthwaite Aug 15
Will chatbots make housing discrimination worse?
New artificial intelligence technology can recommend real estate listings based on neighborhoods' ethnic makeup. Experts are worried about the tech's potential for discrimination
by Jim Dalrymple II Jun 20
Why the new fair housing training requirement is good for business
Opinion
By fostering an inclusive and equitable housing market, Realtors can attract a diverse clientele and contribute to a more prosperous society
Park National Bank latest lender to settle federal redlining charges
The Ohio bank's $9M pledge to promote ownership in Black and Hispanic areas is the 6th since the DOJ launched an initiative to combat redlining in 2021 that has generated $84M in relief
by Matt Carter Mar 3
Wells Fargo exiting correspondent mortgage lending business
Executives hope to reduce risk by reducing the size and narrowing the focus of bank's mortgage business to better serve retail customers and minority communities
by Matt Carter Jan 11
NAR votes to end use of the term 'handicap' in Realtor Code of Ethics
The highest governing bodies of the National Association of Realtors have amended the Realtor Code of Ethics to replace references to 'handicap,' considered offensive by many, with 'disability'
by Andrea V. Brambila Nov 14
Nationwide appraisal ethics rule changes postponed until 2024
The Appraisal Foundation’s Appraisal Standards Board says it needs more time to assess proposed changes designed to close the door to discrimination
by Andrea V. Brambila Aug 19
SafeRent discriminated against Black, Hispanic renters often: Suit
The tenant screener violated the Fair Housing Act for years as it doled out disproportionately low scores to Black and Hispanic rental applicants with housing vouchers, a new federal lawsuit says
by Lillian Dickerson May 31
7 tips for Realtors to avoid legal and ethical snags
Honesty, transparency and responsibility are key to avoiding legal and ethical missteps. Here's how to make sure you're staying on the right path
by Luke Babich May 5
Compass reaches settlement in Section 8 discrimination case
As part of its settlement with the Housing Rights Initiative, Compass has committed to raising commissions for agents brokering Section 8 leases and launching several housing voucher education programs
by Marian McPherson Apr 7