Fifth Third Charged by HUD in Disability Discrimination Suit

August 23, 2013
American Banker  
mortgage lending news

HUD has brought bias charges against Fifth Third Bank, which is accused of discriminating against a couple with disabilities who were seeking to refinance their mortgage. Fifth Third's banking unit and mortgage arm, along with Cranbrook Mortgage Corp., allegedly demanded unnecessary documentation from the couple, who claim they were asked to provide a physician's statement for proof of disability income. While lenders are allowed to verify income, federal law bars them from placing higher qualification standards on applicants who receive disability payments. Under the Fair Housing Act, lenders cannot inquire about the nature or severity of a disability.
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