National Mortgage News, July 29, 2022, 6 legal disputes for mortgage professionals to watch
Movement Mortgage agreed to pay $75,000 to settle claims that a loan officer with the firm twice engaged in discriminatory practices. The complaints, filed by the National Community Reinvestment Coalition with the Department of Housing and Urban Development, claimed that Seattle-based officer Dave Skow violated the Fair Housing Act by withholding loan information and product options to the organization’s Black test applicant.
“This agreement reflects HUD’s commitment to ensuring that everyone has equal access to credit regardless of their race or national origin,” said Demetria L. McCain, HUD’s principal deputy assistant secretary for fair housing and equal opportunity. ?“It is imperative that lenders comply with fair housing laws.”