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February 11th, 2015 
FAKE NEWS for the Zionist agenda 
A two-year investigation into the mortgage lending practices of M&T Bank found it routinely favored white borrowers over black, Latino, and Asian borrowers in its lending practices – a violation of the Fair Housing Act of 1968.
In the lawsuit, the plaintiffs seek compliance with fair lending
laws and injunctive relief, or damages as determined by the
court.
For two years between 2012 and 2014, the Fair Housing Justice
Center (FHJC) used actors to investigate claims of discrimination
in lending practices at M&T Bank Corporation, the 17th
largest commercial bank in the United States. Nine people who are
named as plaintiffs in the lawsuit posed as married households
looking to purchase their first home. The testers asked the
lender – the bank – to help them figure out how much they could
afford to purchase before beginning their search, and prior to
working with a real estate professional.
READ MORE: Whites
the new minority in America by 2044
While this happened, the minority testers pretended to have more
money, greater assets, fewer debts, and better credit scores than
the white testers. However, the FHJC discovered that preferential
treatment was still given to the white testers, according to a
report published by ProPublica.
“A white applicant with slightly lower income and credit
scores and $9,000 less in savings was pre-approved for a loan. In
another case, a Latina candidate was told she would qualify for a
mortgage $125,000 less than the test’s white candidate with lower
income, poorer credit and less cash,” wrote Nikole Hannah-Jones of ProPublica.
Lawsuit claims that M&T Bank violated the Fair Housing Act,
complete with audio & video evidence: http://t.co/trpN22L1px by @nhannahjones
— Hannah Emple (@hannahemple) February
9, 2015
The suit was filed by the FHJC, a New York City-based
non-profit organization that is funded by the US Department of
Housing and Urban Development to enforce the federal law that
bans housing discrimination.
Among the allegations in the complaint are that a female M&T
loan officer informed a black tester that she could not provide
the tester with a possible home price or loan amount because it
was premature for her to buy anything until she saved more money
for a down payment. The same loan officer told a less qualified
white tester that she could purchase a condominium for up to
$210,000, or a co-op for up to $350,000.
During an interview with RT’s Ben Swann, Hannah-Jones was asked
if this type of discrimination is limited to one bank or if it is
happening across the mortgage industry.
“What we do know is there have been several big lawsuits and
settlements brought by the Justice Department looking at lenders
– Wells Fargo, Countrywide – and charging those lenders with
offering different terms to African-American and Latino buyers.
So we know this is happening. How widespread it is, we don’t
really know,” she said.
In an effort to end historic segregation in many cities across
the US, the Fair Housing Act of 1968 prohibits discrimination
concerning the sale, rental, or financing of housing based on
race, religion, national origin, or sex.
READ MORE: Poverty-stricken
neighborhoods almost triple in US
Also discovered during the investigation was that the bank was
running a first-time homebuyers loan program that used the racial
makeup of the area as a basis for its criteria.
“What M&T Bank said on its website was that this
first-time buyers program required that buyers buy in
low-to-moderate income neighborhoods,” Hannah-Jones said.
“But when testers came into the bank, they were also told the
program could be used in low-to-moderate income areas or any
neighborhoods of any income that were less than half white. And
the belief is that is illegal under the Fair Housing Act; that
you cannot steer people into different communities based on race,
and that you cannot offer programs that are race-based. ”
Source Article from http://rt.com/usa/231191-mt-bank-housing-discrimination-lawsuit/
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