BofA Discriminates Against Disabled Homebuyers: HUD

Law360, New York (February 27, 2012, 1:31 PM EST) -- Federal housing officials have lodged a complaint accusing Bank of America Corp. of discriminating against disabled homebuyers by imposing unnecessary and burdensome requirements on borrowers who relied on disability income to qualify for home loans, the officials said Monday.

The U.S. Department of Housing and Urban Development also claims that Bank of America required some disabled borrowers to provide doctors' statements in order to qualify for home mortgage loans, in violation of the Fair Housing Act.

The FHA prohibits lenders from discriminating in the terms and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.