entity

U.S. Department of Housing and Urban Development

Also known as: HUD, Department of Housing and Urban Development

Facts (9)

Sources

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 5 facts

referenceThe U.S. Department of Housing and Urban Development released a study in April titled 'Unequal Burden, Income and Racial Disparities in Subprime Lending in America' which analyzes disparities in subprime lending.

measurementThe U.S. Department of Housing and Urban Development study 'Unequal Burden, Income and Racial Disparities in Subprime Lending in America' found that subprime loans are five times more likely to occur in black neighborhoods than in white neighborhoods.

claimThe U.S. Department of Housing and Urban Development (HUD) commended the model loan origination agreement developed by the National Association of Mortgage Brokers (NAMB) and the Mortgage Bankers Association of America in Policy Statement 1999-1.

measurementThe U.S. Department of Housing and Urban Development study 'Unequal Burden, Income and Racial Disparities in Subprime Lending in America' found that subprime loans are three times more likely to occur in low-income neighborhoods than in high-income neighborhoods.

measurementThe U.S. Department of Housing and Urban Development study 'Unequal Burden, Income and Racial Disparities in Subprime Lending in America' found that homeowners in high-income black neighborhoods are twice as likely to have subprime loans as homeowners in low-income white neighborhoods.

Fair Lending Enforcement Program - Department of Justice justice.gov Department of Justice 2 facts

measurementIn low-income neighborhoods, 54% of African-American borrowers obtained subprime loans compared to 18% of white borrowers, according to a U.S. Department of Housing and Urban Development study.

measurementIn moderate-income neighborhoods, 44% of African-American borrowers obtained subprime loans compared to 10% of white borrowers, according to a U.S. Department of Housing and Urban Development study.

The Fair Lending Implications of Targeted, Internet Marketing consumercomplianceoutlook.org Consumer Compliance Outlook 1 fact

claimThe U.S. Department of Housing and Urban Development (HUD) filed a housing discrimination complaint against Facebook.

Beware of predatory lending practices - Exclusives exclusives.mgcafe.uky.edu Nichole Huff · University of Kentucky Aug 19, 2021 1 fact

referenceThe U.S. Department of Housing and Urban Development provides information on predatory lending at https://www.hud.gov/states/kentucky/homeownership/predatorylending.