Windermere reinforces DEI pledge with appointment of new director

Brooks Glenn will serve as the Seattle-based brokerage’s diversity, equity and inclusion director. President OB Jacobi said Windermere “feels strongly” that now is the time to bolster DEI efforts. Continue reading

When divisive political rhetoric crosses the fair housing line

Costs and lawsuits are on the rise. Make sure that your marketing and practices don’t set you up for a fair housing violation or accusation with help from Dr. Lee Davenport. Continue reading

Redlining settlement wouldn’t resolve 1st Amendment questions

The CFPB claimed statements made by hosts of Townstone Financial’s AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage. Continue reading

The new redlining: Paying a buyer agent is just part of the challenge

Now that buyer agency compensation rules are in place, Trina Gonzales-Van writes, the NAR, regulatory bodies and significant stakeholders must consider their impact on borrowers and determine whether these policies do more harm than good. Continue reading

Fairway blasts federal regulators in $10M redlining settlement

Nation’s third biggest lender casts itself as a victim of politics, noting CFPB launched its investigation the day after Biden Administration took office. Continue reading

DOJ’s 14th redlining settlement is its first with a credit union

Citadel Federal Credit Union “respectfully disagrees” with allegations, agrees to invest $6.5 million and open three new branches in predominantly Black and Hispanic neighborhoods in Philadelphia. Continue reading

OceanFirst Bank settles DOJ redlining allegations for $15M

Since launching an initiative to combat redlining in 2021, federal prosecutors have reached settlements with 13 mortgage lenders totaling more than $137 million. Continue reading

City National revamps mortgage after redlining settlement

The Royal Bank of Canada subsidiary is now offering grants of up to $50,000 in majority-Black or Hispanic census tracts in the metro Los Angeles market as part of a larger initiative to boost lending in underserved communities. Continue reading

Bank launches Spanish website in wake of redlining settlement

Washington Trust “vehemently” denied the allegations leveled by the Justice Department last fall, but agreed to invest and spend at least $9 million to improve access to mortgage credit in minority neighborhoods in Rhode Island. Continue reading

8 fair housing terms every agent should know

Keller Williams’ Julia Lashay Israel offers a glossary to help you navigate the complex landscape of fair housing regulations and provide fair and equal service to all clients. Continue reading