More Disparate Impact Cases Seen as DOJ Intensifies Fair Lending Scrutiny, But Theory is Not Iron Clad
June 17, 2010
“Disparate impact” may become a buzzword for the mortgage industry in the coming months as the Department of Justice broadens its enforcement efforts to curb fraud and discriminatory practices in mortgage lending and servicing. While the DOJ continues to keep close watch on potential redlining, reverse redlining and discre-tionary pricing, the focus for fair lending has now shifted to loan modifications and...