March 30, 2011
Recent headlines and press releases have called attention to the Fair Housing Act, and the FHA’s anti-discrimination policies for FHA loan applicants. The Department of Housing and Urban Development recently announced a settlement between Charles Schwab Bank and a Louisiana family after a Fair Housing Act complaint.
FHA loan applicants and conventional borrowers alike are protected from discriminatory housing practices under the Fair Housing Act, which includes refusal to issue loans based on an applicant’s disabled status. According to a press release at FHA.gov, “Charles Schwab Bank has agreed to pay $30,000 settling allegations that the bank refused to accept a loan application from the adult son of a Metairie,
Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com.
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