The Recent Onslaught of Fair Lending Litigation Against Mortgage Industry Participants (Volume 38, Number 12–December 2022)
Author: Olivia Kelman.; Lanette Suárez Martín.
Source: Volume 38, Number 12, December 2022 , pp.125-134(10)
Abstract:
In this article, the authors explore exemplars of a recent onslaught of government and private fair lending litigation against mortgage industry participants. The litigation arises in a variety of contexts, including claims challenging “modern-day redlining;” loan origination, servicing, and marketing practices; the use of machine-learning algorithms in advertising; and appraisal issues. They identify best practices for institutions that seek to proactively manage fair lending risk in this litigious environment.Keywords: Redlining Analysis; Litigation by a Local County Government; Loan Servicing Discrimination; Marketing Discrimination; Algorithmic Discrimination; Appraisal Bias
Affiliations:
1: K&L Gates LLP; 2: K&L Gates LLP.