HUD Announces Agreement With Utah-Based Credit Union Ensuring Borrowers Not Denied Mortgages Due To Maternity Leave

Targeted News Service |

WASHINGTON, June 25 -- The U.S. Department of Housing and Urban Development issued the following news release: The U.S. Department of Housing and Urban Development (HUD) announced today thatUtah-based Mountain America Credit Union, the second largest credit union in Utah and the 35th largest credit union in the United States, will pay $25,000 to settle allegations that the company discriminated against prospective borrowers on maternity leave. Refusing to approve a mortgage loan or provide mortgage insurance because a woman is pregnant or on family leave violates the Fair Housing Act's prohibition against sex and familial status discrimination, which includes individuals who have or are expecting a child. The Conciliation Agreement is the result of a complaint HUD initiated on behalf of the public interest after investigating the allegations of a married couple who claimed their mortgage loan application was wrongly denied because the wife was on maternity leave. Mountain America claimed that its mortgage insurer's guidelines for calculating income for women on maternity leave allowed regular pay to be considered only if the women returned to work before the loan closed. "The birth of a child, a joyous event for a family, should not become the basis for denying that family a home mortgage," said Bryan Greene, HUD's General Deputy Assistant Secretary for Fair Housing and Equal Opportunity. "HUD will continue to enforce fair housing laws to ensure that no family is denied the opportunity to buy a home because of maternity, paternity, or pregnancy leave." Under the terms of the agreement, Mountain America will pay $10,000 to an affected borrower identified during HUD's investigation, and $15,000 to a qualified organization to help educate the public about fair lending requirements and obligations, including the rights of borrowers on maternity, paternity, pregnancy, or parental leave at the time of an application for a home mortgage loan. Mountain America will also adopt a parental leave policy consistent with the Fair Housing Act with regard to calculation and treatment of maternity, paternity, and pregnancy leave income, and identify when employment income may be used based upon the timing of a scheduled return to work date. Mountain America will conduct training on the new policy and its application for its employees. The married couple who brought the case to HUD's attention settled their complaint in 2013. Persons who believe they have experienced discrimination may file a complaint by contacting HUD's Office of Fair Housing and Equal Opportunity at (800) 669-9777 (voice) or (800) 927-9275 (TTY). Housing discrimination complaints may also be filed at or by downloading HUD's free housing discrimination mobile application, which can be accessed through Apple devices, such as the iPhone, iPad, and iPod Touch. TNS 30VianaGem - 140626-4779685 30VianaGem

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
ZYTO Zyto Corp 0.02 0.00 0.00 2,269


Emerging Growth

Sack Lunch Productions Inc

Sack Lunch Productions Inc is an entertainment company. The Company, through its subsidiaries, is engaged in event management, production service, film production and distribution services.

Private Markets


Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…


Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…