HUD Probes Lenders for Treatment of Pregnant Consumers
OtherThe Department of Housing and Urban Development says it is investigating dozens of complaints that mortgage lenders are allegedly denying or delaying loans because a woman is on maternity leave. Such practices violate the Fair Housing Act. Lenders are not able to use parental leave as a basis for denying a qualified borrower. “Where lenders run up against the law is where they single out pregnant women for a difference in treatment based upon an assumption that either they’re not being paid on leave, they don’t have a job to […]