Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
667,466-14684
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
7.04%0.03
Mortgage

California lenders reach settlement with HUD over unfair lending charge

American Financial Network to pay Hispanic man $5,000

The U.S. Department of Housing and Urban Development announced Wednesday a group of California mortgage lenders resolved allegations that they discriminated against a Hispanic man due to his national origin.

The complaint was made against American Financial Network, Benchmark Communities, Brigantino Enterprise and an employee of Benchmark Communities. These lenders allegedly refused to prequalify a man to buy a home in Hollister, California, about 50 miles south of San Jose, because he is Hispanic.

The Fair Housing Act prohibits discrimination in rental, sales or home lending transactions based on a person’s national origin, race, color, religion, sex, familial status or disability.

“Where a person comes from should not impact their ability to purchase a home,” said Bryan Greene, HUD general deputy assistant secretary for fair housing and equal opportunity. “Today’s action reflects our nation’s promise of fair housing and equal access to credit for every qualified individual, regardless of their national origin.”

HUD first saw the case after the applicant filed a fair housing complaint saying he was unfairly denied the opportunity to prequalify for a mortgage loan because he is Hispanic.

As a result of the agreement, American Financial Network will pay the man $5,000 and give annual fair housing training to current and new employees as they are hired, while Benchmark Communities will provide fair housing training for its employees who interact with potential homebuyers.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please