Housing Center Files HUD Complaint Against Fannie Mae Over Neglected Properties
WASHINGTON, D.C. — Today, the National Fair Housing Alliance (NFHA) and 19 local fair housing organizations announced the filing with HUD of a housing discrimination complaint against Fannie Mae, one of the largest owners of foreclosed homes in the United States. The civil rights groups allege that Fannie Mae maintains and markets its foreclosures (also known as real estate owned or “REO” properties) in White neighborhoods consistently better than in middle- and working-class African American and Latino neighborhoods, a practice that violates the federal Fair Housing Act. The complaint is the result of a five-year investigation.
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