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Home » Civil Rights Group Calls for Extension of Anti-Bias Laws to MBS Transactions, Expert Expresses Doubt
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Civil Rights Group Calls for Extension of Anti-Bias Laws to MBS Transactions, Expert Expresses Doubt

November 9, 2012
The ACLU is calling for changes to federal anti-discrimination statutes to deter secondary mortgage market participants from engaging in business practices that might have a discriminatory impact on certain protected classes of borrowers. In a recent analysis of mortgage foreclosures, the ACLU said the origination and securitization of subprime and other high-risk mortgage products have hurt minority families and caused the loss of 3.5 million homes to foreclosure. The ACLU believes...
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