Mortgage Lender Settles HUD Maternity Discrimination Suit

PNC Bank, a mortgage bank based in Trumbull, CT, will have to pay $15,000 to a couple who was denied a home loan because one person in the couple was on paid maternity leave through her employer. The United States Department of Housing and Urban Development has been engaged in filing lawsuits against lenders who violate anti-pregnancy ...

Owner, Developer, and Builder Charged for Discrimination

On October 4, 2012, the US Department of Housing and Urban Development (HUD) stated it was charging an owner, builder and developer of a multiple housing unit in Missoula, Montana, for housing discrimination.  HUD claims the design and construction of two of the five units makes accessibility impossible for those with disabilities ...

HUD Issues Three NY Disaster Recovery Plans

On October 1, 2012, the Department of Housing and Urban Development announced that several communities in New York are receiving over $93 million of emergency aid for recovery efforts from Hurricane Irene and Tropical Storm Lee.  Now that specific areas like Orange County and the Town of Union have been approved for funding, the long-term ...

NM Landlord Discriminated Against Disabled Tenant

On October 2, 2012, the Department of Housing and Urban Development (HUD) stated a New Mexico landlord in Albuquerque is being charged for violating the Fair Housing Act.  The charges result from the landlord refusing to let the disabled tenant make modifications to the rental property in order to use a wheelchair.   The ...

Minnesota Landlord Charged with Discriminating Against Disabled Tenant

On September 25, 2012, the US Department of Housing and Urban Development (HUD) stated that a property owner in Grand Rapids, Minnesota, was charged for violating the Fair Housing Act.  The property owner operates the Jay’s Hilltop Rentals.  The charges stem from the property owner denying tenancy to the disabled woman because ...

Survey of Unbanked and Underbanked Now Published

The Federal Deposit Insurance Corporation (FDIC) released the 2011 National Survey of Unbanked and Underbanked Households on September 12, 2012. The survey is the most complex and comprehensive study performed in the United State on unbanked and underbanked taxpayers.  Apart from advice to the public, the survey also gives advice ...

Real Estate Company Refuses to Sell Home of the “Octomom”

Nadya Suleman, who became infamous for her multiple pregnancies using in vitro fertilization, attempted to have a local real estate company handle the sale of her home.  However, the company has refused, stating it does not want to be associated with her.    Atlantic and Pacific Real Estate, located in La Habra, California, ...

The Slow Decline of the Chinese Real Estate Market

While in the United States, the real estate values of residential homes in many areas seemingly plummeted overnight, whereas China is facing a steady decline that is slowly sinking their real estate market values.     Analysts are predicting the slow decline will continue, as demand for new residential homes is slowly lessening ...

Private Real Estate In Cuba? New Legislation May Make it Possible

Since 1959, all real estate in the island nation of Cuba has been owned by the ruling government, with its citizens only allowed to unofficially trade housing.  However, important changes in the communist country's laws will soon allow private citizens of Cuba to buy, sell, gift, or devise their property. Details of exactly how the laws ...

Most Popular News