Reduce Mortgage is committed to serving all borrowers equally, without regard to an individual's race, color, national origin, religion, sex, familial status or handicap. With the goal of Fair Lending in mind, it is also our policy to promote Fair Lending practices to our entire customer base.
We would also like to emphasize that Fair lending laws do not focus on a lender's "intent." We believe that all customers "intend" to provide borrowers with loans. Rather than focus on intent, compliance with the Fair Housing Act requires our wholesale customer base to look at their loans and analyze whether all borrower groups are priced/charged and treated equitably.
For your convenience, we have provided HUD's language on Fair Housing as it pertains to our industry:
Equal Housing Opportunity - Fair Housing Act
The Fair Housing Act prohibits discrimination in housing on the basis of: race, color, national origin, religion, sex, familial status or handicap (disability).
In Regard to Mortgage Lending:
No one may take any of the following actions based on race, color, national origin, religion, sex, familial status or handicap (disability):
- Refuse to make a mortgage loan
- Refuse to provide information regarding loans
- Impose different terms or conditions on a loan, such as different interest rates, points, or fees
- Discriminate in appraising property
- Refuse to purchase a loan or Set different terms or conditions for purchasing a loan
If you have any questions about your rights, or if you wish to file a complaint, contact the management of the applicable financial institution or the Bureau of Real Estate at one of the following locations:
2550 Mariposa Mall, Suite 3070, Fresno, CA 93721-2273
320 W. 4th Street, Suite 350 Los Angeles, CA 90013-1105
1515 Clay Street, Suite 702 Oakland, CA 94612-1462
1651 Exposition Boulevard Sacramento, CA 95815 (mailing address: P.O. Box 137000, Sacramento, CA 95813-7000)
1350 Front Street, Suite 1063 San Diego, CA 92101-3608