National Fair Housing Alliance accuses BofA of bias in managing foreclosed homes

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National Fair Housing Alliance accuses BofA of bias in managing foreclosed homes

National Fair Housing Alliance accuses BofA of bias in managing foreclosed homes

Reuters-

A nonprofit group on Tuesday accused Bank of America Corp of maintaining and marketing foreclosed homes in white neighborhoods much better than those it owns in African-American and Latino neighborhoods.

The National Fair Housing Alliance and its member organizations said they filed a discrimination complaint with the U.S. Department of Housing and Urban Development. It lodged similar complaints in April against Wells Fargo & Co and U.S. Bancorp.

The group reviewed 373 properties owned, managed or serviced by Bank of America in eight U.S. cities as part of its ongoing examination of how U.S. lenders maintain bank-owned properties. Investigators evaluated properties for problems such as broken windows, overgrown lawns, trash accumulation and a lack of “for sale” signs.

“We have found significant racial disparities,” Shanna Smith, chief executive officer of the National Fair Housing Alliance in a conference call with reporters.

[REUTERS]

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One Response to “National Fair Housing Alliance accuses BofA of bias in managing foreclosed homes”

  1. JIMI says:

    here we go again bank of america banksters are at it again
    1st they steal homes by fraud and now they are doing this

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