The bureau found increasing instances of inaccurate reporting under the Home Mortgage Disclosure Act. Two lenders also faced fines recently.

The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.

Rocket and the loan originator denied all housing discrimination allegations but entered into the agreement with HUD to obtain closure.

FHFA and the Mortgage Bankers Association have asked legislators to exempt Fannie Mae and Freddie Mac from new laws governing the use of automated underwriting systems and other artificial intelligence tools.

Changes to the state’s Community Reinvestment Act would further protect against discriminatory appraisals, according to the CFPB.

During an event hosted by the National Fair Housing Training Academy Forum, mortgage lenders were briefed on ways to help decrease discrimination and diversify their businesses.

The Urban Institute, with funding from the National Fair Housing Alliance, has developed resources lenders can use to launch special purpose credit programs.

The statement on principles relates to the examination of lenders’ residential property appraisal and evaluation practices. Federal regulators believe it will help lenders mitigate risks due to potential discrimination or bias in appraisal practices and to promote credible valuations.

A Senate Banking subcommittee last week heard testimony on the pros and cons of using artificial intelligence in the housing industry.

The CFPB and three other federal agencies issued a statement highlighting concerns about bias in automated systems. The CFPB is particularly concerned about home valuations, lending and marketing.