Last week yet another mortgage lender settled allegations of discriminatory lending against minority applicants. North Carolina-based Fidelity Bank agreed to spend $1 million dollars over the course of two years to boost lending in predominantly minority census tracts. Fidelity will also provide fair lending training to staff – including loan originators, processors and underwriters – […]

Last week the First Federal Bank of Kansas City became the latest financial institution to settle redlining allegations after the Metropolitan St. Louis Equal Housing and Opportunity Council (EHOC) and Legal Aid of Western Missouri alleged that the bank’s service area was designed in a way that excluded areas of high African American population. A […]

Once again the Justice Department has filed a complaint alleging discrimination by a residential mortgage lender. In a recently proposed consent order, the DOJ has accused Sage Bank, based in Lowell, Mass., of a pattern of discriminatory pricing that disproportionately impacted African-American and Hispanic borrowers. “Sage Bank’s loan pricing policies created the risk that borrowers […]