NCRC Files Fair-Housing Complaints

The National Community Reinvestment Coalition has filed fair-housing complaints against four lenders alleging that their policies of not providing mortgage financing on group homes for the elderly and people with disabilities are discriminatory.NCRC filed the complaints -- against Franklin Bank Corp., Houston; ComUnity, Morgan Hill, Calif.; Guaranteed Rate, Chicago; and Hyperion Capital, Lake Oswego, Ore. -- with the Department of Housing and Urban Development for investigation. "This type of discrimination should no longer be tolerated in any form or fashion," said NCRC president and chief executive John Taylor. The complaint against Hyperion also alleges that the company's policies against financing housing on Indian reservations are discriminatory. Aegis Mortgage Corp., Houston, recently paid $475,000 in settling an NCRC complaint and agreed to change its lending policies with respect to row houses, properties on Indian reservations, and group homes.