WebProhibited Bases under Equal Credit Opportunity Act (ECOA) and Fair Housing Act (FHA) ECOA FHA Race or color Race or color Religion Religion National origin National origin Sex … WebJul 13, 2001 · Most fair lending analyses examine three issue areas underwriting, pricing, and redlining. As an analyst, you can select focal points to analyze within each issue area. Focal points may vary by...
What protections do I have against credit discrimination?
Webthe FHAct only when done on a prohibited basis. Redlining an area on the basis of such consider ations as the fact that the area lies on a fault line or a flood plain is not prohibited. The prohibition against redlining does not mean that a lending institution is expected to approve all loan applications or to make all loans on terms. WebApr 10, 2024 · April 10, 2024. Housing discrimination has been illegal since the passage of the Fair Housing Act (FHA) in 1968. The FHA was intended to both prohibit housing discrimination and reverse the history of housing segregation. To reach those goals, the federal FHA prohibits discrimination in the sale, rental, or financing of housing on the … philatelic investment fund
April Is Fair Housing Month - Asurity - Mortgage + Regulatory …
WebMay 18, 2024 · 1. Understand Your Market. As you know from your marketing and sales efforts, every market is different. This is also a valuable reality to consider for Fair Lending compliance, because different markets have different levels of inherent risk. It's important to know the demographic makeup of your market, and the prohibited basis groups therein ... WebA fair lending examination encompasses several elements— the prohibited-basis and control groups to be analyzed during the examination, along with the loan products, … Web21 hours ago · Fair lending and mortgage discrimination. Fair housing also applies to mortgage lending. The Equal Credit Opportunity Act (part of the FHA) prohibits lenders from discriminating against borrowers based on a legally protected characteristic at any stage of the mortgage process, including but not limited to: philatelic legends