Comments on: FHA Suspends Lender for Overcharging Minority Borrowers

By: Anonymous

Anonymous — Thu, 10 Dec 2009 14:41:00 +0000

Suspension isn’t enough: Heavy fines and JAIL TIME should be the penalty.rnLoan Originators didn’t make these kinds of decisions–Company Officers and Owners obviously did. It’s time HUD took the gloves off and give THIEVES what they have really earned. How would you feel if the Client included your Parents? Forget racial discrimination; the color of a man’s skin or his origin has nothing to do with this case: This is out and out theftrnfrom Seniors!

By: jamesanelson

jamesanelson — Thu, 10 Dec 2009 12:41:05 +0000

Suspension isn't enough: Heavy fines and JAIL TIME should be the penalty.
Loan Originators didn't make these kinds of decisions–Company Officers and Owners obviously did. It's time HUD took the gloves off and give THIEVES what they have really earned. How would you feel if the Client included your Parents? Forget racial discrimination; the color of a man's skin or his origin has nothing to do with this case: This is out and out theft
from Seniors!

By: The_Critic

The_Critic — Wed, 09 Dec 2009 20:51:20 +0000

Good!!

I could not agree more with the reversemaniac. This is the kind of enforcement that is needed from HUD.

However, Peter makes a great point about there being insufficient information to evaluate if the racial practice conclusion was justified.

By: reversemaniac

reversemaniac — Wed, 09 Dec 2009 17:47:53 +0000

There is definitely a “new sheriff in town” at HUD and he has his staff laser-focused on weeding out the bad actors.

I say Hooray!!!

By: peterhamilton

peterhamilton — Wed, 09 Dec 2009 15:20:51 +0000

Just wondering…doesn't FHA need to review their whole client base for a complete year or more?…if 60-70% of their overall client base is minority, does their action constitute racial discrimination, or just consistent poor/illegal practices?