A 34. A qualified borrower applies to a mortgage company for a loanto purchase a home in a particular neighborhood and is refusedbased on the reputation of the neighborhood for a high numberof foreclosures. This is an example of what illegal practice?

Fair Housing Act (FHAct) makes it illegal for any lender to discriminate against any person due to…

Answered: A qualified borrower applies to a…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter9: Obtaining Affordable Housing

Section9.2: What Does It Cost To Buy A Home?

Problem 5CC

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A qualified borrower applies to a mortgage company for a loan to purchase a home in a particular neighborhood and is refused based on the reputation of the neighborhood for a high number of foreclosures. This is an example of what illegal practice?