Liberty Bank settles loan ‘redlining’ suit

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Under the terms of the settlement, Liberty Bank will open a loan production office in a majority-minority census tract in the Hartford area; add $10 million to its "Good Neighbor" loan program.

Nonprofits File federal housing lawsuit Against Liberty Bank.. a federal lawsuit last week accusing the bank of redlining.. to meet with a Liberty Bank loan officer in May 2017 at the 55.

TRENTON, N.J. (CN) – Hudson City Savings Bank. of redlining, but that “we agree, and have always believed, that there should be no discrimination based on race, national origin, gender, or age in.

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The approximately $200 million in mortgage loans that Associated Bank (ASB) is required to provide to borrowers in minority neighborhoods as part of a settlement with the U.S. Department of.

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Middletown-based Liberty Bank has been accused of "redlining" in a federal lawsuit filed Thursday by the Connecticut Fair Housing Center and the National Consumer Law Center.

As an example, the suit said that only 3.34 percent of Liberty Bank’s total mortgage originations including refinancing from 2010 to 2016 were to Latino and African-American applicants. Liberty Bank denied all allegations of wrongdoing, but said $10 million will be added to expand its Good Neighbor Mortgage Loan Program.

As part of the settlement, Union Savings Bank will open two full-service branches and Guardian will open one loan production office to serve the residents in the markets cited by the DOJ, and the.

“It was billed as the suburb within the city,” said Richard Campanella, a professor at Tulane University who studies residential settlement patterns in. That mission was spearheaded by Liberty Bank.

Middletown-based Liberty Bank — accused by fair housing advocates of discriminating against home loan borrowers in African American and Latinx neighborhoods — is settling those claims by.

DOJ Files Redlining Lawsuit Against KleinBank.. Its residential mortgage loan officers presumably are not at liberty to establish offices on their own.. comparable lenders made loans in majority-minority census tracts at more than four times the rate of the bank. The DOJ redlining.

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