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August 8, 2014

Fifth Third Settles with DOJ on Alleged Discrimination Against Consumers with Disability Income

By Brandon Ivey

The DOJ took issue with Fifth Third for asking potential borrowers with disability income to obtain a letter from their doctor to document the income.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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