Published: February 1, 2013
Tags: Bank of America, Department of Housing and Urban Development, Discrimination, Equal Access Rule, gender discrimination, gender identity, HUD, sexual orientation discrimination
Bank of America will pay $7,500 to settle the first action to enforce the U.S. Department of Housing and Urban Development’s new rule prohibiting home lenders from discriminating based on sexual orientation or gender identity.
WASHINGTON – The Department of Housing and Urban Development issued new final rules setting standards for compliance with the Secure and Fair Enforcement for Mortgage Licensing Act, including a rule that exempts lawyers from the definition of “mortgage originator” when they are providing legal services to their clients.
A homeowner could not set aside a foreclosure sale based on the lender’s alleged failure to comply with federal housing regulations prior to the sale, Maryland’s highest court has ruled.
A homeowner could defend against foreclosure by claiming that her mortgage lender failed to comply with federal mortgage servicing regulations, the Indiana Court of Appeals has ruled in reversing judgment.
Sweeping new disclosure requirements under the federal Real Estate Settlement Procurement Act that took effect January 1 are causing confusion and headaches for banks, lenders and real estate brokerages – and for the consumers the new rules were supposed to help.
WASHINGTON – A group of federal agencies has issued guidelines designed to help homeowners identify potentially problematic drywall in their homes.
Claims that a title insurer overcharged its customers are not entitled to class certification because they require the resolution of individual factual issues, the 5th Circuit has ruled in reversing a federal class certification.