Fairway Independent Mortgage Responds to CFPB and Justice …
Oct 15, 2024 · About Fairway Independent Mortgage Corp. Madison, WI- and Carrollton, TX-based Fairway Independent Mortgage Corporation (NMLS #2289) is a full-service mortgage lender licensed in all 50 states. Fairway is the #2 overall retail lender in the U.S. and was the #1 ranked mortgage origination company for borrower satisfaction in 2023 by J.D. Power.
DOJ and CFPB Announce Landmark Redlining Settlement With Fairway …
5 days ago · Fairway, the third-largest mortgage lender in the United States, is now the second non-bank mortgage company to enter into a redlining settlement. The CFPB and DOJ’s complaint against Fairway alleged violations of the Equal Credit Opportunity Act, the Consumer Financial Protection Act, and the Fair Housing Act. Specifically, the complaint ...
Justice Department Secures $8M from Fairway Independent Mortgage ...
6 days ago · The Justice Department and Consumer Financial Protection Bureau (CFPB) announced today that Fairway Independent Mortgage Corporation (Fairway) has agreed to pay $8 million and a $1.9 million civil money penalty to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining predominantly Black ...
DOJ fines mortgage lender Fairway for alleged racial discrimination
6 days ago · The U.S. Justice Department and the Consumer Financial Protection Bureau penalized Fairway Independent Mortgage Corporation for alleged redlining in Black neighborhoods in Birmingham, Alabama,...
Fairway Independent Mortgage Responds to CFPB and Justice …
6 days ago · About Fairway Independent Mortgage Corp. Madison, WI - and Carrollton, TX-based Fairway Independent Mortgage Corporation (NMLS #2289) is a full-service mortgage lender licensed in all 50 states ...
Justice Department Secures $8M from Fairway Independent Mortgage ...
Oct 15, 2024 · WASHINGTON – The Justice Department and Consumer Financial Protection Bureau (CFPB) announced today that Fairway Independent Mortgage Corporation (Fairway) has agreed to pay $8 million and a $1.9 million civil money penalty to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining predominantly ...
Consumer Financial Protection Bureau v Fairway Independent Mortgage ...
On October 15, 2024, the United States and the Consumer Financial Protection Bureau filed a joint complaint and a proposed consent order in Fairway Independent Mortgage Corporation. (N.D. Ala.). The complaint alleges that Fairway Independent Mortgage Corporation (Fairway) violated the Equal Credit Opportunity Act, the Fair Housing Act, and Consumer Financial Protection Act by redlining ...
Mortgage company faces DOJ redlining charges, agrees to $10M …
4 days ago · The DOJ accused a mortgage giant of redlining majority-Black communities in Birmingham. A Wisconsin-based mortgage company will pay nearly $10 million in a settlement over alleged lending ...
Fairway to pay $9.9M in redlining settlement | Banking Dive
6 days ago · Fairway Independent Mortgage Corp. will pay $8 million and a $1.9 million civil money penalty to resolve redlining allegations, the Justice Department and Consumer Financial Protection Bureau announced Wednesday.. The settlement is part of the DOJ’s ongoing Combating Redlining Initiative, which has put discriminatory lending in focus with 15 redlining settlements in the last three years.
Fairway to Pay $10 Million to End Birmingham Redlining Probe (1)
6 days ago · CFPB, Justice want company to boost lending to Black borrowers. Fairway Independent Mortgage Corp. will pay around $10 million to resolve claims from the Consumer Financial Protection Bureau and the Justice Department that the independent mortgage lender engaged in redlining in Birmingham, Ala. Only 3.7% of Fairway’s home loan applications in ...