A new Department of Justice strategy is making fair lending enforcement a top priority this year. Already seven mortgage lenders have been targeted for alleged fair lending violations. And the DOJ is indicating that mortgage servicers may be next on the discrimination hit list when it comes to handing out loan modifications and other forms of foreclosure relief.Find out everything you need to know about the latest push for fair lending enforcement in the Guide to Fair Lending Enforcement from Inside Mortgage Finance Publications.Now the DOJ is expanding its crackdown to include potentially fraudulent lending in minority communities, redlining and reverse redlining. Prosecutors are expected to arm themselves with the latest Home Mortgage Disclosure Act information as well as available loan modification data disaggregated by borrower race and ethnicity in pursuing potential fair lending violations.
Order the Guide to Fair Lending Enforcement today and discover…
Department of Justice Perspective
State Regulator Perspective
Mortgage Industry Perspective
Consumer Advocate Perspective
Disparate Impact Standard
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