Google+
  • Ocwen2.79-0.01 -0.36%
  • Zillow38.64-0.35 -0.90%
  • Trulia47+0 +0%
  • NationStar16.81+0.07 +0.42%
  • CoreLogic44.80-0.19 -0.42%
  • RE/MAX58.55-0.35 -0.59%
  • Fannie Mae2.78-0.02 -0.71%
  • Freddie Mac2.69-0.01 -0.37%
  • Wells Fargo51.68-0.12 -0.23%
  • CitiMortgage66.58-0.02 -0.03%
  • Bank of America23.62-0.02 -0.08%
  • Fidelity National Financial47.35-0.23 -0.48%
  • First American48.15-0.22 -0.45%
  • Black Knight Financial Services41.65+0.15 +0.36%
  • AUDUSD=X0.7926+0.0039 +0.4932%
  • USDJPY=X109.1400-0.3050 -0.2787%
Home | Daily Dose | Score One Victory for U.S. Bank
Print This Post Print This Post

Score One Victory for U.S. Bank

gavel-twoBanks and other financial institutions have agreed to many multimillion and even multibillion dollar settlements following the financial crisis for their mortgage practices. This week, however, the banks scored a victory when allegations against U.S. Bank of racial discrimination in REO maintenance were dismissed by HUD.

Washington, D.C.-based non-profit National Fair Housing Alliance (NFHA) alleged in a complaint filed in 2012 that the Minneapolis-based bank was in violation of the Fair Housing Act of 1968 by failing to maintain REO properties in predominantly African-American and Hispanic neighborhoods as well as it was maintaining REO properties in predominantly white neighborhoods.

In its ruling following an investigation of the properties in question, HUD stated that the evidence did not show any difference in the bank’s treatment of the properties that was motivated by race or ethnicity. Instead, HUD concluded from its investigation of the 119 residential properties for which U.S. Bank serviced on behalf of the FHA that the bank was properly maintaining those properties.

In its 30-page report on the findings of its investigation, HUD concluded that “there is no reasonable cause to believe that Respondents engaged in a pattern or practice of discriminatory treatment as alleged, engaged in individual instances of discrimination as would be indicated by testing, or violated Sections 804 (a), (b), (c), or (d) of the Fair Housing Act.”

U.S. Bank spokesman Dana Ripley told DS News in an email that “we think the decision speaks for itself.” NFHA has stated that it plans to appeal HUD’s decision.

NFHA’s complaint against U.S. Bank “relies largely upon photographic evidence to demonstrate maintenance act-related discrimination,” according to HUD. In its ruling, however, HUD found that the photos did not provide the context for claims of racial discrimination in REO maintenance and did not alone prove discrimination, saying that “the photographs fail to demonstrate action or inaction by Respondents” with regard to property maintenance. HUD examined the average amount of money spent on property maintenance for the 119 properties and found that “there is no pattern of spending disparity between properties in white neighborhoods and minority neighborhoods” and that “spending varies dramatically based on the unique needs of any given property.”

HUD also ruled that U.S. Bank was not responsible for an additional 275 properties named in the complaint since the bank’s role in those properties was solely that of trustee.

NFHA filed similar complaints against Bank of America and Wells Fargo alleging racial discrimination in REO properties in 2012 along with the complaint against U.S. Bank. Wells Fargo settled in 2013 for $42 million, which provided millions of dollars in grants to NFHA and its affiliates. HUD is still investigating NFHA’s complaint against Bank of America.

In May 2015, NFHA filed a complaint with HUD against Fannie Mae following a five-year investigation that encompassed 34 cities and 2,100 REO properties owned by the government-sponsored enterprise. That complaint alleges that Fannie Mae was less diligent about maintaining REO properties in minority-dominated neighborhoods than in mostly white communities. The case is still pending.

About Author: Brian Honea

Brian Honea
Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

132 comments

  1. Pingback: Score One Victory for Big Banks | Appraisal Buzz

  2. Pingback: Score One Victory for U.S. Bank | Appraisal Buzz

  3. Pingback: Score One Victory for U.S. Bank - Brokers TitleBrokers Title

  4. Pingback: U. S. Bank In | inflation - low interest loans

  5. Pingback: Foreclosure Bank Owned Difference | Rates for CPA Services for SMB

  6. Pingback: Us Bank In Mpls | tricks - bankingfees

  7. Pingback: Wellsfargo Bank Foreclosure | Rates for CPA Services for SMB

  8. Pingback: Us Bank Foreclosure | Homes For Sale Now

  9. Pingback: What Is The Difference Between Pre-foreclosure And Reo Properties | Rates for CPA Services for SMB

  10. Pingback: Dollar Bank Foreclosure Listings | Foreclosure Short Sales

  11. Pingback: Bank Of America Foreclosure One Dollar | Foreclosure Sales

  12. Pingback: Hud Homes Vs Bank Owned | Commercial Real Estate Listings

  13. Pingback: Us Bank Foreclosure Complaints | Short Sale Houses

  14. Pingback: Well Fargo Foreclosure Properties | Rates for CPA Services for SMB

  15. Pingback: Emails Of Banks In Egypt 2012 | inflation - low interest loans

  16. Pingback: Failing Banks In Mn | best loans

  17. Pingback: Bank Foreclosure Motivated Owned Seller | Rates for CPA Services for SMB

  18. Pingback: Check New Lyrics Site

  19. Pingback: Check New Lyrics Site

  20. Pingback: Check New Lyrics Site

  21. Pingback: Love Quotes 2016

  22. Pingback: Love Quotes | Rick Quotes

  23. Pingback: NewHindi Songs Lyrics 2016

  24. Pingback: Bank Foreclosure Maintenance | Foreclosure Sales Listings

  25. Pingback: rialudi

  26. Pingback: zootopia 2016

  27. Pingback: Дивергент, глава 3: За стеной / Allegiant, Высотка / High-Rise,

  28. Pingback: лучшие фильмы 2016 2016 года список новые фильмы

  29. Pingback: лучшие фильмы года 2016

  30. Pingback: Bank Of America Foreclosure Maintenance | Rates for CPA Services for SMB

  31. Pingback: more

  32. Pingback: film

  33. Pingback: porn video tube, hard porn, streaming porn, hq porn

  34. Pingback: nesaporn

  35. Pingback: wRfqnI8IRxk

  36. Pingback: anybunny anybunny hd xxx porn tube video videos free online hot movies

  37. Pingback: смотреть

  38. Pingback: xmt85c4wx5ctwxw3tcerthve56

  39. Pingback: alcoholism withdrawal

  40. Pingback: دانلود شهرزاد قسمت هفتم فصل دوم

  41. Pingback: دانلود شهرزاد قسمت نهم فصل دوم

  42. Pingback: XXX

  43. Pingback: paydaycgtloansnhj.com

  44. Pingback: دانلود قسمت ششم فصل دوم شهرزاد

  45. Pingback: دانلود قسمت دهم فصل دوم شهرزاد

  46. Pingback: دانلود قسمت هفدهم عاشقانه

  47. Pingback: Violet Starr

  48. Pingback: دانلود قسمت چهارده عاشقانه

  49. Pingback: Christy Mack

  50. Pingback: Rayna Rose

  51. Pingback: Bobbi Dylan

  52. Pingback: Marley Brinx

  53. Pingback: Rachel Starr

  54. Pingback: دانلود قسمت هفتم فصل دوم شهرزاد

  55. Pingback: lesbian porn xxx

  56. Pingback: Free Stuff Worldwide

  57. Pingback: Boom lift service

  58. Pingback: latest online series

  59. Pingback: real money casino games for usa

  60. Pingback: دانلود قسمت اول شهرزاد دوم

  61. Pingback: Hunde t-shirts

  62. Pingback: دانلود قسمت 11 شهرزاد 2

  63. Pingback: دانلود قسمت سوم شهرزاد دوم

  64. Pingback: دانلود ققسمت 12 عاشقانه

  65. Pingback: دانلود قسمت 13 عاشقانه

  66. Pingback: how to bypass windows 7 password

  67. Pingback: porno

  68. Pingback: Netti

  69. Pingback: taylormade m2 irons

  70. Pingback: videos porno

  71. Pingback: videos porno

  72. Pingback: videos porno

  73. Pingback: videos porno

  74. Pingback: videos porno

  75. Pingback: porno gratis

  76. Pingback: porno

  77. Pingback: High Quality CBD Oil

  78. Pingback: قیمت پنجره

  79. Pingback: پنجره ضد سرقت المانی

  80. Pingback: پنجره دوجداره وین تک

  81. Pingback: Facial Spa Services Wilton Manors

  82. Pingback: Acne Facial Treatments Lighthouse Point

  83. Pingback: Acne Facial Treatments Lauderdale Lakes

  84. Pingback: فروش توری

  85. Pingback: دانلود قسمت پنجم شهرزاد دوم

  86. Pingback: دانلود قسمت ششم شهرزاد

  87. Pingback: black jack

  88. Pingback: Roof Repair Long Island

  89. Pingback: cheap jordans free shipping

  90. Pingback: en savoir plus

  91. Pingback: cheap zynga chips

  92. Pingback: jake burgess springfield mo

  93. Pingback: brief boxer gay

  94. Pingback: پنجره دوجداره

  95. Pingback: Judi Bola

  96. Pingback: coin-banks exchange

  97. Pingback: coin-banks cryptocurrency

  98. Pingback: bitcoin hft

  99. Pingback: bitcoin trading

  100. Pingback: coin-banks cryptocurrency

  101. Pingback: rookie baseball card collection

  102. Pingback: incontournable

  103. Pingback: golf clubs for sale

  104. Pingback: دانلود شهرزاد سیزده 13

  105. Pingback: دانلود شهرزاد قسمت 15 پانزده

  106. Pingback: دانلود شهرزاد قسمت سیزده 13

  107. Pingback: دانلود سریال شهرزاد قسمت 15

  108. Pingback: casino games

  109. Pingback: Social Media Marketing

  110. Pingback: Get More Information

  111. Pingback: دانلود سریال شهرزاد قسمت 16

  112. Pingback: Roofing Long Island

  113. Pingback: view.ly

  114. Pingback: دانلود فیلم

  115. Pingback: 食品

  116. Pingback: دانلود

  117. Pingback: دانلود عالیجناب دوم

  118. Pingback: دانلود قسمت دوم عالیجناب

  119. Pingback: دانلود سریال عالیجناب قسمت اول 1

  120. Pingback: پنجره ضد سرقت ترک

  121. Pingback: قیمت پنجره

  122. Pingback: دانلود فیلم

  123. Pingback: دانلود

  124. Pingback: شرکت تولیدی پنجره دوجداره

  125. Pingback: پنجره دوجداره ویستایست

  126. Pingback: آموزش پنجره دوجداره

  127. Pingback: فروش توری پنجره دوجداره

  128. Pingback: Upholstery Cleaning harker heights TX

  129. Pingback: d�un seul clic

  130. Pingback: voucher codes

  131. Pingback: دانلود فیلم با کیفیت

  132. Pingback: دانلود فیلم روز

Leave a Reply

Scroll To Top