HUD Accuses MGIC, PNC Mortgage of Pregnancy Bias, Announces Settlement with Second Lender
June 9, 2011
The Department of Housing and Urban Development is cracking down on discriminatory practices against expectant mothers as it announced charges filed against a private mortgage insurance company and a major lender as well as a $750,000 settlement agreement with another lender for similar offenses. During a news conference last week, HUD officials laid out the departments charges against Mortgage Guaranty Insurance Corp., PNC Mortgage and others for allegedly discriminating against pregnant loan applicants in violation of the Fair Housing Act. The FHAct prohibits...