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Bank of America to Pay $160K to Settle Maternity Claims
Posted to: Micro News
Friday, June 08, 2012 4:18 PM

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"he U.S. Department of Housing and Urban Development (HUD) announced today that Bank of America has agreed to pay up to $161,180 to settle allegations that one of the bank's San Jose, California branches refused to refinance the mortgage of an Irvine woman because she was on maternity leave. HUD reached the agreement with Bank of America to resolve a Fair Housing Act complaint that had been filed by the Fair Housing Council of Orange County (FHCOC)..."



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Mortgage Rates:
  • 30 Yr FRM 3.77%
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  • 15 Yr FRM 2.93%
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  • Jumbo 30 Year Fixed 3.88%
MBS Prices:
  • 30YR FNMA 4.5 107-05 (0-01)
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  • 30YR FNMA 5.0 108-01 (0-03)
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  • 30YR FNMA 5.5 108-14 (0-01)
Recent Housing Data:
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  • Refinance Index -11.66%
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  • NAHB Builder Confidence 4.76%
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