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HUD Applauds Actions to Ensure that the Maintenance and Marketing of Real Estate Owned Portfolio Aligns with Fair Housing and Civil Rights Requirements

February 15, 2022

HUD No. 22-024
HUD Public Affairs
(202) 708-0685FOR RELEASE
Wednesday
February 9, 2022

HUD Applauds Actions to Ensure that the Maintenance and Marketing of Real Estate Owned Portfolio Aligns with Fair Housing and Civil Rights Requirements


WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) on Wednesday applauded the recent settlements between Fannie Mae, the National Fair Housing Alliance, and local fair housing organizations. Grants from HUD supported the investigation into potential disparities in the maintenance and marketing of Real Estate Owned (REO) properties.

“It is our hope that settlement of these cases will bring about much needed positive outcomes for these undeserved communities,” said Demetria L. McCain, Principal Deputy Assistant Secretary for HUD’s Office of Fair Housing and Equal Opportunity (FHEO). “We also hope mortgage lenders across the country will take steps to avoid fair housing violations in their own REO portfolios.”

HUD strongly supports work to eliminate housing discrimination, promote economic opportunity, and achieve diverse, inclusive communities by leading the nation in the enforcement, administration, development, and public understanding of federal fair housing policies and laws. FHEO’s administration of grants to local fair organizations, which conduct investigations and fair housing education and outreach, assists in fulfilling this mission.


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