Yes,
believe it! Housing discrimination still exists, and housing discrimination has
increased in the last few years. Discrimination in our communities continues to
be a real problem. In today’s real estate business, however, it is far less evident
than more than half a century ago when many people of color were barred
from purchasing or renting homes in specific neighborhoods, and women struggled to get mortgages.
Discrimination is not as blatant as in the past--there is modern-day housing
discrimination. A renter can return from a rental showing and wonder if the
renter has been discriminated against because the apartment is suddenly no
longer available or the renter is told you would be “better and happier” in a
different neighborhood. That is discrimination without the direct denial we do
not rent to "_____________"! A recent study indicated that
overall complaints were 5.74 percent higher in 2022 than in 2021, and the data
revealed an increase in complaints based on source of income and domestic
violence specifically. In fact, the 33,007 fair housing complaints received in
2022 by private non-profit fair housing organizations, HUD, FHAP agencies, and
the DOJ represent the highest number of complaints ever reported in a single
year. There were 31,216 complaints filed in 2021 with these agencies. See 2023-Trends-Report-Final.pdf (nationalfairhousing.org) and https://www.realtor.com/news/trends/fair-housing-complaints-jump/
This past Thursday, Businessweek covered a massive settlement in a federal lawsuit alleging racial discrimination in SunTrust’s lending practices. The suit, filed by the US DOJ, was filed in the U.S. District Court in Richmond, VA, alleging more than 20,000 African-American and Hispanic borrowers were charged more than similarly-situated and qualified non-Hispanic white borrowers, between 2005 and 2009. The suit alleged that minority borrowers in 75 geographic markets from Virginia Beach, VA to San Francisco, CA, paid more in loan fees, or were charged higher interest rates based solely on race or national origin. A consent order filed with the complaint says SunTrust denies any wrongdoing, but agreed to the settlement. "SunTrust strongly believes in the principles of fair lending," company spokesman Mike McCoy in Atlanta said. "We are pleased to have reached a settlement and put this matter behind us." Settlements like this come as a surprise, considering the...
Comments
Post a Comment