Racial bias

Feds close $22 million redlining order with lender early

Feds have terminated a consent order against a mortgage lender feds accused of “systemic racism” in the Philadelphia region. A federal judge Monday approved the government’s request to terminate its deal with Trident Mortgage, just over two years before it was set to expire. Attorneys with both the Consumer Financial Protection Bureau and the Department […]

Feds close $22 million redlining order with lender early Read More »

Mortgage firms reframe DEI amid policy shift

President Trump’s housing regulators have touted their efforts to dismantle federal diversity, equity and inclusion initiatives in pursuit of reducing spending and waste. As a result, the conversation around mortgage lenders’ efforts to serve communities identified by specific racial or cultural backgrounds have been further politicized, leaving these shops in the awkward position of determining

Mortgage firms reframe DEI amid policy shift Read More »