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Article

22 Sep 2014

Author:
Washington Post

USA: FirstBank to pay $35,000 to settle allegations of maternity leave discrimination in mortgage applications

"Mortgage lenders accused of maternity-leave discrimination", 20 Sep 2014

…HUD [[Department of Housing and Urban Development] launched 15 maternity-leave discrimination investigations this year, part of a pattern that has seen the federal agency investigate 173 allegations against lenders since 2010, Greene said. In the latest case, FirstBank Mortgage Partners will pay $35,000 to settle allegations that it violated the Fair Housing Act when it denied a mortgage loan to the couple because the mother was on maternity leave, though she planned on returning to work outside the home. Both the Department of Justice and HUD have settled with — and levied monetary penalties against — a number of lenders, including Bank of America, PNC Mortgage, Cornerstone Mortgage and MGIC…The banks, which denied any wrongdoing as part of the settlement, argue that there will be a loss of income during maternity leave and women might not return to work…[Also refers to Greenlight Financial Services]