WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) yesterday announced a first-of-its-kind collaborative agreement for fair housing and fair lending coordination. The Memorandum of Understanding between the agencies aims to promote “information sharing, coordination on investigations, compliance reviews, and the ongoing monitoring of” Fannie Mae and Freddie Mac, which FHFA regulates.
“Where a person lives affects their health, educational opportunities, access to transportation, and proximity to jobs. Housing discrimination robs people of economic opportunity, constitutes an affront to human dignity, and is illegal,” said Center for Responsible Lending Acting Federal Advocacy Director Graciela Aponte-Diaz. “Through this agreement, HUD and FHFA are taking a major step forward in fighting housing discrimination. Laws are not self-enforcing. This agreement will support our government’s faithful execution of fair housing and fair lending laws by providing these housing agencies with a fuller picture of the data and with opportunities for productive partnerships.”
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Press Contact: matthew.kravitz@responsiblelending.org