Thursday, January 3, 2013

Bank of America Settles Antigay Discrimination Claim With HUD

From The Advocate:  http://www.advocate.com/business/2013/01/02/bank-america-settles-antigay-discrimination-claim-hud

BY Neal Broverman January 02 2013

The nation's department of Housing and Urban Development took its first action against a lender for denying a lesbian couple a mortgage.

HUD recently enacted rules that guarantee housing programs be open to all, including LGBT people. The department took Bank of America to task after they denied a lesbian couple in Florida a mortgage. The women applied for a Federal Housing Authority-insured loan and, because one of the partners was unemployed, the other woman listed her partner's mother as a co-applicant for the loan. Bank of America denied the loan because the woman and her partner's mother are not related, though it was impossible for them to have legal ties, since Florida bans same-sex marriage.

According to a statment from HUD,"BOA agrees to pay HUD $7,500 and to notify its residential mortgage loan originators, processors and underwriters of its Settlement Agreement with HUD. In addition, BOA will remind its employees that they are prohibited from discriminating against FHA-loan applicants on the basis of sexual orientation, gender identity or marital status.  BOA will also update its fair lending training program to include information on HUD’s rule." 

See Also: HUD:  HUD ANNOUNCES AGREEMENT WITH BANK OF AMERICA TO SETTLE LGBT DISCRIMINATION CLAIM

No comments: