Some lenders allegedly deny mortgages to women on maternity leave [USA]

Author: Kenneth R. Harney, Los Angeles Times, Published on: 12 June 2011

Two…legal actions by federal fair lending regulators suggest that the mortgage industry…may need to address the issue [of discrimination against women who are pregnant or on maternity leave]. In one case, a…physician settled a discrimination complaint with Cornerstone Mortgage…In the second, the Department of Housing and Urban Development accused [Mortgage Guaranty Insurance Corporation]…of discrimination by underwriters against a…homeowner whose application allegedly was denied because she was on maternity leave…Some lenders and loan officers…[say] that…they have not received specific instructions on how to handle maternity-leave situations from Fannie Mae and Freddie Mac. [also refers to AMC Mortgage]

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Related companies: Fannie Mae Freddie Mac