We Are Not The Government.
This site: TransparentRE.com is not acting as or representing a bank / mortgage lender by offering a commitment to lend.
The content written by each author on this site is solely intended for information purposes.
**Download Fair Housing Booklet – CLICK HERE
If you choose to contact a mortgage professional via phone or through one of the contact forms embedded in this site, it is important to remember that all approvals and rates are not guaranteed, and are only issued based on standard mortgage qualifying guidelines.
Our site contributors acknowledge and adhere to the following:
- All Fair Housing Laws
- Fair Housing / Equal Opportunity
- RESPA
- State Regulations
- Truth In Lending Act (Regulation Z)
We also recommend that you consult an attorney and your Certified Public Accountant prior to acting on any of the information that is contained in this site.
About TransparentRE.com:
This is a personal web site, reflecting the opinions of its authors. There are many different contributors to this site and in no way is it a production of any one employer or employee. Statements on this site do not represent the views or policies of anyone other than the post or article author.
The information on this site is provided for information and discussion purposes only. Nothing in this website shall be construed as an offer to enter into a loan agreement, purchase a home, enter into a purchase contract, hire a professional of any kind or take any action whatsoever.
Due to the nature of this website, typos, errors, and unintentional misstatements of fact may occur. In no event shall the publisher of this website or any affiliates be liable for any direct, indirect, punitive, incidental, special or consequential damages arising out of or in any way connected with the use of this website, whether based on contract, tort, strict liability or otherwise.
According to U.S. Department of Housing and Urban Development, “Discrimination in mortgage lending is prohibited by the federal Fair Housing Act and HUD’s Office of Fair Housing and Equal Opportunity actively enforces those provisions of the law.
The Fair Housing Act makes it unlawful to engage in the following practices based on race, color, national origin, religion, sex, familial status or handicap (disability):
- Refuse to make a mortgage loan
- Refuse to provide information regarding loans
- Impose different terms or conditions on a loan, such as different interest rates, points, or fees
- Discriminate in appraising property
- Refuse to purchase a loan or set different terms or conditions for purchasing a loan
Filing A Complaint:
Housing discrimination based on your race, color, national origin, religion, sex, family status, or disability is illegal by federal law. If you have been trying to buy or rent a home or apartment and you believe your rights have been violated, you can file a fair housing complaint.
If you have experienced any one of the above actions, you may be the victim of discrimination. Recognizing the signs of lending discrimination is the first step in filing a complaint. HUD investigates your complaints at no cost to you. If you believe you have experienced lending discrimination, visit the housing discrimination complaint website to learn more about the complaint process.
Home Mortgage Disclosure Act
Enacted by Congress in 1975, the Home Mortgage Disclosure Act legislates the reporting of loan data by lending institutions. This includes geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials.
This data is reported by the lending institutions on the first of March for loans and applications of the previous calendar year.
The Federal Equal Credit Opportunity Act
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the bases of race, color, religion, national origin, sex, marital status, age (providing the applicant has the capacity to enter into a binding contract); because all or part of the applicants income derives from any public assistance program; or, because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
Official Government Links
The following links and official government resources will help you understand more about Fair Housing and Equal Opportunity:
- Fair Housing – Know Your Rights
- Title 24: Housing and Urban Development
- HUD.gov – Housing Discrimination
- Justice.gov – The Fair Housing Act
- Brochure – Fair Housing – English
- RESPA – Real Estate Settlement Proceedures Act
- Learn About Predatory Lenging
- Wiki – Office of Fair Housing and Equal Opportunity
- About FHEO
- Consumer Credit Protection Act
