Discrimination in Home Mortgage Lending: Hearing Before the Subcommittee on Consumer and Regulatory Affairs of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred First Congress, First Session, on Statistical Evidence of Discrimination Currently Available and Recommendations for what More Needs to be Done to Eliminate Discrimination in Home Mortgage Lending, October 24, 1989, Volume 4
United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Consumer and Regulatory Affairs
U.S. Government Printing Office, 1990 - Bank loans - 305 pages
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action activity addition agencies analysis applicants appraisal areas bank bank's basis Board census tracts Chairman changes Civil Rights Committee complaints compliance concerning conducted considered consumer credit needs determine Detroit Development Disclosure discrimination discriminatory effective efforts enforcement Equal Credit Opportunity examination example existing factors Fair Housing Act fair lending Federal Reserve Federal Reserve Board financial institutions going groups HMDA Home Loan Home Mortgage improvement income indicate institutions issues laws lenders located meet minority mortgage lending mortgage loan neighborhoods obtain October 24 Office patterns percent person policies practices problem procedures prohibited questions race racial reasons received recent record regulations regulatory rejected request responsibilities result savings Senator Senator Dixon statement statistical status testing tion types violations written
Page 251 - Includes the Office of the Comptroller of the Currency; the Federal Deposit Insurance Corporation; the Federal Home Loan Bank Board; the...
Page 76 - As set forth in the act, compliance with the act and this regulation is enforced by the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration.
Page 55 - Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
Page 67 - ... to deny a loan or other financial assistance to a person applying therefor for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling...
Page 68 - ... that is not comprised of designated PMSAs, as defined by the Office of Management and Budget, or which has total assets as of December 31 of the preceding calendar year of $10 million or less is not required to keep a log-sheet described in paragraph (a)(2)(iv) of this § 338.4 but shall request and...
Page 88 - Federal supervisory authority to "assess the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution...
Page 67 - No franchisor shall discriminate in the granting of franchises solely because of the race, color, religion, sex, or national origin of the franchisee and the racial, ethnic, religious, or national origin composition of a neighborhood or geographic area in which the franchise is located.
Page 88 - The geographic distribution of the institution's credit extensions, credit applications, and credit denials. Determine whether there is any indication of a geographic distribution of credit extensions, applications for credit, and credit denials which would signify failure to serve selected areas of local communities, particularly low- and moderate-income neighborhoods.
Page 89 - State member bank's origination of residential mortgage loans, housing rehabilitation loans, home improvement loans, and small business or small farm loans within its community, or the purchase of such loans originated in Its community...