July 11, 2007

HUD Announces Creation Of New Lending Division - New office will scrutinize mortgage lending practices government news

WASHINGTON - In order to ensure equality in today's lending and overall housing market environment, the U.S. Department of Housing and Urban Development's Office of Fair Housing and Equal Opportunity (FHEO) announced today that it is creating a new Fair Lending Division that will review mortgage lending practices throughout the nation. HUD has hired a senior-level economist and has advertised to hire five fair lending specialists to enhance its capacity to investigate allegations of mortgage lending discrimination.