Freddie Mac’s new mortgage product, HeritageOne, is meant to drive affordable financing options for single-family properties on tribal lands and rural areas in addition to financial counseling.
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U.S. Bank, HUD Settle Discrimination Allegations
U.S. Bank has reached a settlement with a housing regulator over allegations the bank discriminated against a Native American couple in denying them a refinance. In a complaint filed with HUD, the couple alleged U.S. Bank and its appraiser, Red Sky Risk Services, turned down their refinance application last year, informing them that the bank couldn't make the loan because their property was located on a reservation and could not be appraised.
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