Tag Archives: Redlining

Will chatbots make housing discrimination worse?

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New artificial intelligence technology can recommend real estate listings based on neighborhoods’ ethnic makeup. Experts are worried about the tech’s potential for discrimination. Continue reading →

Veros says its AVM isn’t tripped up by historical redlining boundaries

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Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality. Continue reading →

NAR: We’re committed to ending discrimination in real estate

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In response to an Inman article Tuesday questioning the National Association of Realtors’ response to discriminatory practices, NAR CEO Bob Goldberg defended the trade group’s track record. Continue reading →

Redlining and steering continue to plague housing. So where’s NAR?

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By backing its membership and ignoring bad actors, the National Association of Realtors has set itself up for government oversight and intervention, writes Revaluate co-founder Chris Drayer. Continue reading →

KW, Coldwell Banker and others sued over alleged discrimination

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The new lawsuit claims that a host of big-name real estate companies, as well as various landlords, refused to accept Section 8 vouchers for lower-income renters. Continue reading →

Park National Bank latest lender to settle federal redlining charges

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The Ohio bank’s $9 million pledge to promote ownership in Black and Hispanic neighborhoods is the sixth since the DOJ launched an initiative to combat redlining in October 2021, with lawsuits generating $84 million in relief to date. Continue reading →

Court tosses redlining suit sparked by mortgage broker’s radio show

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Regulators alleged statements made by hosts of Townstone Financial’s call-in show discouraged “prospective” African-American applicants from seeking mortgage loans. Continue reading →

City National Bank to pay at least $31M to settle redlining charges

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The biggest redlining settlement in DOJ history is the fifth enforcement action since the launch of the initiative to combat redlining in 2021, with $75 million in relief to date. City National denied that it engaged in redlining. Continue reading →

California Association of Realtors apologizes for racist past policies

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“The Association was wrong.” The trade group says it’s taking “bold action” to address the legacy of discrimination that continues to impact access to housing today. Continue reading →

Bank of America’s new ‘solution’ helps minorities own homes

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The new zero down, zero closing cost mortgage Community Affordable Loan Solution is part of a $15 billion commitment to help 60,000 individuals and families purchase homes by 2025. Continue reading →