MBA also asked HUD to bring housing, lending, and civil rights communities together for renewed discussions about addressing housing and wealth gaps faced by communities of color.
The Mortgage Bankers Association asked HUD to withhold publication of its final disparate rule, citing “legitimate concerns” that the rule erodes protections needed to combat housing discrimination and systemic inequality. MBA also asked HUD to bring housing, lending, and civil rights communities together for renewed discussions about how to address the wide housing and wealth gaps faced by communities of color. Similarly, a number of industry trade groups and companies have called on HUD to postpone changes to its Disparate Impact Standard under the Fair Housing Act. In the letter to HUD Secretary Ben Carson, MBA President and CEO Robert Broeksmit, CMB, said while MBA appreciates that the proposed disparate impact rule was intended to provide guidance that appropriately aligns prior HUD rules with subsequent Supreme Court precedent, “we recognize that many have expressed legitimate concerns that the rule erodes protections needed to combat housing discrimination and systemic inequality. At a time when we as a nation are having important and too-long-ignored conversations about racial inequality, we believe it is appropriate to withhold publication of the final disparate impact rule.”
Source: The MBA