Caroline Gerardo Mortgage Loans

It's a good question. Why should you choose W.J. Bradley to obtain your home financing? You get bombarded by ads, mailers and spam from lots of mortgage lenders. How do you know which bank or mortgage company to call? Who do you click on?

Here are some great reasons to choose C G and WJB:

Direct lender. No middleman, no broker, just you and your loan officer.

Experienced. Caroline Gerardo Barbeau (C. G.) has been a mortgage lender since 1988. She has worked in Newport Beach almost as many incredible years serving Borrowers looking for best mortgage.

Caroline has closed more than two billion dollars in residential home loans.

She has bought and sold nearly eighty properties herself.

She has seen it all and has contacts to help make your mortgage transaction sail through.

Her goal is to offer the best advice free to assist you in selecting the financing that best fits your needs. Caroline has owned properties up and down the State of California. She lives in South Orange County, California

Products you need. From FHA to ARMs to jumbos to HomePath loans, HARP 2.0 no limits, underwater, Purchase, Investment, Refinance, Jumbo, Super Jumbo, Coastal Loans and Land Loans, you name it- If Caroline doesn’t have the loan or loans she will give you to the person who does.

She offers financing to fit nearly every borrower's needs.

Cutting-edge technology. We know it's a high-tech world, and we're using that to our — and your — advantage. I can tell you where in the process your loan is at any time. I even know whose desk it's on.

Fast and flawless. We are fast and we are accurate, which means you close on time. In fact, we lead the industry with our turn times.

Commitment. You're not a number. You are a client that I value highly. I am committed to explaining the loan process and helping you make informed choices.

I’m available any time. Clients call me at 5:30 AM or after work. I will work the way that suits your needs- email, text, telephone call, go to your home, sit on the kitchen table, fax, or messenger. I want to hear from you today and after you close your home mortgage loan.

I welcome your questions on the weekends. I’m no stodgy banker who turns off the phone at five o'clock.

At W.J. Bradley, you come first. Period. I'm here to help you get what you need. Call me today to learn more about what W.J. Bradley and I can deliver

Caroline Gerardo Also known as C. G. Barbeau

Mortgage Banker 23041 SW Birch Newport Beach California 92660

W.J. Bradley Mortgage Capital, LLC

Office: 949.637.8190

Cell: 949.784.9699

NMLS: 324982

http://www.mywjb.com/caroline-gerardo/

 

 

Zombie Mortgage Real

Zombie Foreclosures

This week I have seen two Borrowers who believed they were foreclosed upon in 2009, and the discover the Mortgage is still outstanding, property taxes are growing as collections and the Home Owner Association fees are ready to file a judgement. In both cases Borrowers moved out of their
primary residence prior to the actual foreclosure auction date. One sent keys back to J. P. Morgan Chase Bank and the other notified Wells Fargo Home Mortgage that they had moved out, and keys
were at the neighbors.
One property was located in Taft, California and the other in New Jersey.
The sad part of the story is they believed they did the right thing, but the problem will haunt them for years to come.

Here is an article in Reuters about this

http://www.reuters.com/article/2013/01/10/us-usa-foreclosures-zombies-idUSBRE9090G920130110

 I had some suggestions for immediate action for these people.

HUD

March 15th, 2013  "Providing these ready-made programs to communities will help them get resources where they are needed more effectively and efficiently,” said HUD Secretary Shaun Donovan, who also serves as Chair of the Hurricane Sandy Rebuilding Task Force.
Interesting article about HUD programs that will release funds to rehab residential real estate, help home owners with counseling to negotiate with mortgage lenders and buyouts of homes in flood plains.  Is HUD just throwing money at giant problems?
http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2013/HUDNo.13-036

written  by Brendan Gilfillan

FHA Changes Not Primroses

Primroses from Caroline Gerardo's Organic Garden

 

FHA Policy Changes Frowny Face :(

Mortgage FHA changes, everything is not coming up primroses…

Is an FHA loan the best thing for an Orange County Buyer? Maybe not with all the new rules coming in the next few weeks.

Here are the legal FHA Change Effective Dates for those detail oriented home shoppers in Newport Beach, Laguna Niguel, Ladera Ranch, Mission Viejo, Orange County and all of California
Here’s the legal scuttle:

• Up-front mortgage insurance premium (hereafter called MIP) increased 75 basis points to 1.75%

Effective April 9, 2012

Annual Mortgage Insurance Premium (MIP) on loans up to $625,500

• Annual MIP increased 10 basis points

LTV ≤ 95% to 1.30%

LTV   95% to 1.35%

Effective April 1, 2013

Annual Mortgage Insurance Premium (MIP) on loans greater than $625,500

• Annual MIP increased 5 bps

LTV ≤ 95% to 1.50%

LTV > 95% to 1.55%

Annual Mortgage Insurance Premium (MIP) NOW Non-Cancellable

• For loans with application dates on or after June 3,

2013, Annual MIP will be collected for the life of the loan, up to 30 years.

• Annual MIP collection had ceased when loan balance reached 78% of original property value.

Effective June 3, 2013

Seller Concessions

• Reducing from 6% to: greater of 3% or $6,000

• Capped at actual allowable costs

• Allowable costs are more restrictive: now disallows homeowner/condo association dues, interim interest and payment protection insurance

Indemnification becomes an issue for lenders to certify:

• Lenders must indemnify FHA against loss for all loans found with:– fraud or misrepresentation, that lender “knew or should have known about”; and/or – serious and material noncompliance with HUD requirements that would make the loan ineligible

• No appeals process or negotiated settlements permitted

Final Rule Issued January 25,

• Compare Ratio Changes:

– No longer compare to national FHA default /delinquency rate

– Mortgagee’s 24 month default/delinquency rate compared to the average rate of all FHA mortgages   only in the state(s) in which the mortgagee operates

• Automatic termination if compare ratio is greater than; 150%

• Automatic termination applies to the institution level of the mortgagee, as opposed to its branches

January 25,2012 (Federal Register /Vol. 77, No. 16)

While the FHA has been a key player in the mortgage industry, the ongoing policy changes were made to strengthen capital reserves—pricing and guideline adjustments, lender enforcement etc.

These changes have a significant impact on the higher cost to close an FHA loan, more careful scrutiny and less appealing product to close a home loan. Someone has to pay and it is going to be on the backs of lower down payment, lower credit score and first time homeowners.

 

 

So what’s my solution? 
Where is the Steel Magnolia this Spring in Orange County?

It is blooming right here in Newport Beach. Borrowers enter my credit counseling program prior to making an offer, they gather more down payment to make a solid offer and save money doing a conventional loan with MI. It will be a less costly option to buy a home in O. C.

Caroline Gerardo
NMLS # 324982
Mortgage Banker
(949) 784-9699
http://mywjb.com/caroline-gerardo/

 

Green Clean Your Beach House

It is spring and like many people in Orange County I don’t complain about the fog or the on and off cool weather of this winter. I have some tips to get your home cleaned up and ready for the glory of summer, the long days at the beach or enjoying your backyard Newport Beach pool.

Flooring tips:

Ceramic tile floors can be cleaned easily with warm water. First sweep or vacuum the flooring carefully to remove any loose soil or grit. Do not use a sponge mop to clean ceramic-tile or stone floors. It places the dirt into the grout tracks. A micro-fiber mop picks up all the dirt that a sponge mop leaves behind. Pour the ingredients into a bucket and use a rag or micro-fiber mop to clean. If you do use a rag and the on your hands and knees method, wipe in a circular motion across the floor with a microfiber rag.

I purchased a pack online at amazon see link below and have been very pleased that they are Green to use, last forever and don’t leave lint and dog hair behind. Microfiber cloths and microfiber mops are a must for any Green clean home. Microfiber consists of millions of tiny hooks that attract, absorb and remove dirt, dust and bacteria from surfaces without the use of chemicals! Reducing chemical use is better for the environment and our own health in our homes. Microfiber rags offer energy savings as they need to be washed in ONLY cool water and tumble dried. Don't forget the cabinets and baseboards. I like the smell of a couple drops of lavender oil or peppermint oil and a light spray of "liquid gold" on the rag to clean and dust the cabinets thoroughly. If the grout is very dirty, use a brush, or an old toothbrush. 

Hardwood floors: Boil a quart of water adding two teabags to clean hardwood floors. The tannic acid in tea creates a beautiful shine for hardwood floors. Let two teabags steep in the boiling water for two minutes. Pour the tea into a bucket. Take a soft cloth and wring it out in the tea. Again use a microfiber cloth but not dripping wet. The cloth should be damp, not soaked. The floor to dries quickly and leaves a streak less shine. If there are scratches in the wood that show more after cleaning the hardwood floor, use a brown crayon (the color of the floor) and rub it on the scratch to fill the gap. Turn a blow dryer on high for thirty seconds, heat the area where the crayon was applied and buff it with a soft cloth.

Vinyl floors are not as popular but often used in Orange County laundry areas, or pet areas To clean the vinyl floors mix Borax in a bucket of warm water and wash the floor rinse with warm water.

To remove hairspray residue from hard surfaces like mirrors and countertops with a solution of one part fabric softener and two parts water.

These last two recommendations are not very “green” but sometimes you just have to get serious with dirt. Open all the windows wear gloves and old clothing and one part bleach to one part water to scrub grout with a toothbrush. Put the bleach and water in an old glass jar. Rinse two times with clean water and discard the toothbrush, you don’t want someone to make a mistake and use it.

Sometimes my son’s Lacrosse bag with the sweaty helmet and all those black pellets from the astro turf seems to really dirty up the air. A few suggestions to clean up the air: put the equipment and bag out in the sunshine on a patio. Spraying with Lysol doesn’t seem to get rid of the odor, but rinse with a hose and expose to sun really does the job. I also like to have on hand some peppermint oil that I put a few drops on a white washcloth after his equipment is dry and ready to come inside. The wash cloth can go in the bottom of the bag and makes a fresh scent when unzipped. As to cleaning up floors with those dirty black rubber tire pellets: sweep and vacuum before they get trampled and carried all over the house.

This is the type of rags I purchased to clean my home. I have also used them in my office in Newport Beach to clear dust off computers and desktops.

More tips to come in following posts

 

 

 

Caroline Gerardo is a Mortgage Banker in Newport Beach California

Caroline has been in the Home Loan business twenty four years. NMLS # 324982
Caroline ( also known as C. G. Barbeau ) published four novels, two poetry anthologies and her poetry and short fiction has been published in 40 magazines and major newspapers. http://mywjb.com/caroline-gerardo/

http://cgbarbeau.blogspot.com/

http://carolinegerardo.blogspot.com/

 

Mortgage Loans on Condominiums in Newport Beach

 

 

60 Sea Island Drive, Newport Beach, California, 92660  Condo

$799,000.00 3 Bed / 3.5 Bath 1527 Sq Ft MLS ID - OC13039392

courtesy of: Regency Real Estate Brokers; Michelle Yegsigian; DRE License Number: 01025400; Co-Listing Firm: First Team Estates; Co-Listing Agent: Nicholas Jordan

Certifying and recertifying condos for an FHA loan can be a real hassle, but when you partner with WJB, we help you every step of the way —

and we don’t pass on any administrativecosts to your clients.

If you are buying a home in Newport Beach, Laguna Niguel or anywhere in California
this mortgage program will be very helpful.
This is also available on a refinance of an existing mortgage loan.

 

• We maintain a checklist of requirements for initial and recertification

• The WJB branch collects all legal documents and emails them to our Central Processing unit

• We absorb the cost of shipping the package to the FHA

• We check on the status of the file to ensure it is being processed — until it is complete!

• We help you take care of any additional conditions — again, at no additional charge

 

Caroline Gerardo believes that supporting partners’ business
helps us both accelerate our success and growth.

If you are working with condo units and need assistance with FHA certification, talk to me today about our certification assistance. I'm excited to offer this benefit to my valued partners and clients.

 

Caroline Gerardo

Mortgage Officer

NMLS# 324982

23041 SW BIRCH # 330

Newport Beach, California 92660

Call me today to see what I can do for you! (949) 784-9699

Underwater Refinance

Underwater Turtle Searching for his Home

 

 

We have a NEW Mortgage program that can help!

With the new Home Affordable Refinance Program (HARP) loan, you may be able to refinance no matter how upside-down your mortgage is!

Are you worried about making your payments? Would you like to have more cash in your pocket every month? Do you want to pay your loan off faster?

Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If you currently have a mortgage held by Fannie Mae or Freddie Mac, the HARP II refinance loan can help you lower your interest rate, decrease your monthly payments and help you start turning your finances around.

Appraisals may be waived

No LTV/CLTV restrictions on fixed-rate loans of 30 years or less

Only 620 FICO required

Loan was sold to Fannie or Freddie before June 1, 2009

 
If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP 2.0.   The refinance must benefit you in one of four ways:

Reduction in the borrower’s monthly principal and interest payment

Reduction in the interest rate

Reduction in the amortization term

Movement to a more stable product (i.e., interest-only to fully amortizing, ARM to fixed, 30-year to 15-year, etc.)

If you have a Fannie Mae- or Freddie Mac-owned home loan, call me today. I’m here to help make sure you have a home financing program that works for YOU. Let’s see if the HARP II loan is the solution you’ve been looking for!

You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:

http://www.freddiemac.com/mymortgage or http://www.fanniemae.com/loanlookup

 

W.J. Bradley Mortgage Capital, LLC

© 2012 W.J. Bradley Mortgage Capital, LLC. 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not
acting on behalf of or at the direction of HUD/FHA or the federal government.

AZ Mortgage Banker License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; Colorado Mortgage
Company Registration NMLS ID 3233 Regulated by the Division of Real Estate. To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Florida
Mortgage Lender Servicer license #MLD738; ID Mortgage Broker License No. MBL-7766; IL Residential Mortgage Licensee – License #MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500,
Centennial, CO 80111; MN Residential Mortgage Originator License No. MN-MO-3233; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan
Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker – License No. MB001365; OR Mortgage Lender License No. ML-776; TX Registered Mortgage Banker – NMLS 3233; Texas
Mortgage Banker Disclosure: www.wjbradley.com/Texas-Mortgage-Banker-Disclosure.html; UT Mortgage Lender Company License No. 5495659-NMLC; Utah Consumer Credit Notification and
Utah Residential First Mortgage Notification regulated by the Utah Department of Financial Institutions; Vermont Lender License #6341; WA Consumer Loan License No. CL-3233; Wisconsin

Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/233.

 

Caroline Gerardo

Mortgage Loan Originator

W.J. Bradley Mortgage Capital, LLC

20341 SW Birch St., Suite 330

Newport Beach, CA 92660

Office: 949.637.8190

Cell: 949.784.9699

caroline.gerardo@wjbradley.com

http://www.mywjb.com/caroline-gerardo

NMLS: 324982

Get Your Offer Accepted

Building a deeper business together

The real estate market in Orange County California has heated up with little or no inventory available. Properties are receiving multiple offers.  I have some strategies to get your deal closed.

 

Do you want an amazing fast time frame to close a mortgage loan?

How to get your offer accepted in this current market when inventory is at a historic low?

How can you know if house will appraise for current market sale price?

How can you beat a “cash offer”?

 

Before you make your offer Borrower has loan Approval with either DU or LP findings. This means the only things necessary to close are appraisal, a good contract and title. This plan details how to get your offer accepted by the sellers in a market where there are many competitors.

First:

We sit down and set a strategy for closing quickly on the ideal home for the clients. I can meet with the clients in their home, my office or by telephone. Upfront we must all understand that this is a time consuming and many pieces of paperwork to execute. Borrowers must have their bank statements in pdf formats, and I can teach them how to save the statement and download to email to my secure email. Secondarily all their income information for the past 24- 30 months must be available to submit before they make the offer. Choices such as vesting should also be prepared with thoughtful planning. Once all this is submitted to Underwriting we should have a Loan Approval (not a pre-qualification or pre-approval) ready to show with the offer in two days. If there are credit issues to address, the client must repair these before making an offer.

 

Second:

Offer is made with attached DU or LP findings that itemizes Borrower has submitted all documentation to close. Offer releases appraisal contingency in seven days. Offer releases loan contingency in ten days. Offer states Borrower can close in fifteen days.  Offer notes that seller’s agent, listing agent agrees to meet appraiser in person on day two or three with comparables on paper and property specifications. Offer also releases contingencies on day nine. I suggest you make the offer in person and have the client release a personal statement that I will help you write. Listing agent and escrow/ title must be prepared to work quickly.

Day One: Signed conformed contract is emailed to C. G. and she orders appraisal. Email to Borrower and both agents confirming appraisal ordered and escrow has been contacted. Estimated HUD 1 ordered from escrow, also preliminary title report and title particulars to subject property.  Escrow and Title agree to provide all documentation in 48 hours.

Day Two:   email agents and borrower confirming appraisal appointment has been made (assuming this is not a Sunday)

Day Three: Appraiser visits home, measures the property receives information from listing agent. Title policy, escrow instructions and HUD1 are emailed to C. G.

Day Four/ Five appraisal comes in at sales price; loan is submitted to Final Underwriting. *  Day Seven Final Loan approval is completed

Day Nine: Loan Documents out to escrow, Borrowers sign that day, funds wire transferred for balance

Day Ten: Funding and recording

Fifteen Day Turn time is met assuming there are weekends that delay recording/ wire/ funding that must be done on a work day

 

What if you know there are no current comparables for subject property? If value is an issue, Client should already have been aware that comparables have not yet closed and they may choose to put additional down payment. We will review appraisal for any errors or omissions.  Conventional Loan 75% loan to value first 18% down minimum 10% second; allows for some wiggle room if appraisal comes in low.

 

I will be sharing these tools at the OCAR Orange County Association of Realtors meeting tomorrow morning, Thursday at Ball Park Pizza in Laguna Niguel at 8:00 AM I am also supplying breakfast.

 

 

 

Underwriting: Estimated turn time for all new purchase loans submitted to Underwriting today: 2 business days (16 business hours) Estimated turn time for new refinance loans submitted to Underwriting today: 2 business days Estimated turn time for new PTD and PTF-UW conditions submitted to Underwriting today: 8.00 business hours Pre-Close Audit: Estimated turn time for loans that received clear to close underwriting status today: 8 business hours Closing: Estimated turn time for new doc requests submitted to closing today: 8.00 business hours HUD-1 Pre-approval: Estimated turn time: 4-6 business hours Funding: Table/Wet Funding Loans: Closing doc request must be submitted and accepted 16 business hours before requested fund date. All PTF-UW conditions must be uploaded in Nile by 9:00 AM MT the day of funding or funding could roll to the next business day. PTF-HUD conditions must be cleared by 1 PM MT or funding cannot be guaranteed based on warehouse cutoff times. Non-Table/Dry Funding Loans: Closing package must be received the day before requested fund date. All PTF-UW conditions must be uploaded in by 9:00 AM MT the day of funding or funding could roll to the next business day. All other PTF conditions must be received by 11:30 AM MT the day of funding or funding could roll to the next business day.

Other tools and strategies to get your offer accepted:   All cash buyers can refinance without waiting six months, terms and loan to value depending on product, property, FICO, occupancy type, loan amount… terms and conditions vary   Caroline Gerardo 23041 SW Birch Newport Beach, California 92660 Mortgage Banker NMLS 324982 (949)784-9699

 

Disparate Impact to benefit the Suits?

Caroline Gerardo NMLS # 324982

Newport Beach, California

Mortgage Banker

cell  phone: (949)784.9699

 

The Mortgage Bankers Association released their report February 21, 2013 showing mortgage delinquencies are at their lowest levels since 2008.

Nationwide we have hit the “turn around” point. 

 The Mortgage Bankers Bureau has acknowledged several areas of concern regarding the Qualified Mortgage rule and potential negative impact on the access to and availability of mortgage credit to certain consumers.

The Bureau is asking mortgage brokers and bankers to apply pressure  under the Dodd/Frank Act and consider an extension to the effective date for the Qualified Mortgage for further analysis of the loans originated today and how originators are currently determining consumers ability to repay.

On February 8 2013, HUD issued a final rule authorizing so-called “disparate impact” or “effects test” claims under the Fair Housing Act. The final ruling spells out the details for private or governmental plaintiffs challenging housing or mortgage lending practices that have a “disparate impact” on protected classes of individuals. This will open the door to lawsuits even if the practice is in reality neutral and non-discriminatory and there is no evidence that the practice was motivated by a discriminatory intent. In other words, any protected class could file suit claiming under this rule that they were treated unfairly or over charged whether if it is true or not. The rule also will allow challenges based on claims that the practice improperly creates, increases, reinforces, or perpetuates segregated housing patterns.

This month HUD nailed down a three-step burden-shifting approach to determine liability under a disparate impact claim. Once a practice has been shown by the plaintiff to have a disparate impact on a protected class, the final rule states that the defendant would have the burden of showing that the challenged practice “is necessary to achieve one or more substantial, legitimate, nondiscriminatory interests of the respondent . . . or defendant . . . . A legally sufficient justification must be supported by evidence and may not be hypothetical or speculative” Defendants shoulder the burden of proof that the challenged practice “has a necessary and manifest relationship to one or more legitimate, nondiscriminatory interests.”

HUD explained in the rule’s preamble that, although it declined to use the term “business necessity” in the second prong of the disparate impact analysis, the phrase “substantial, legitimate, nondiscriminatory interest” is “equivalent to the ‘business necessity’ standard found in the Joint Policy Statement. The standard set forth in this rule is not to be interpreted as a more lenient standard than ‘business necessity.’” HUD also highlighted the removal of the word “manifest,” which was replaced by the language “a legally sufficient justification must be supported by evidence and may not be hypothetical or speculative.” HUD noted that the revised language is “intended to convey that defendants and respondents . . . must be able to prove with evidence the substantial, legitimate, nondiscriminatory interest supporting the challenged practice and the necessity of the challenged practice to achieve that interest.”

Regarding the discriminatory alternative prong, HUD clarified that the alternative must also serve the specified interest supporting the challenge. However, HUD declined to specify in the rule that the less discriminatory alternative must be “equally effective” as the challenged policy – which would have made the rule consistent with the legal standard set forth in the Supreme Court case Wards Cove Packing Co. v. Atonio, 490 U.S. 642 (1989).

The final ruling also itemizes these points:

• HUD’s decision not to address comments raising objections to the rule based on the fact that the disparate impact standard is inconsistent with that set forth in Smith v. City of Jackson Miss., 544 U.S. 228 (2005) and Wards Cove.
• HUD’s statement that the rule applies to pending and future cases because it is not a change in HUD’s position but rather a formal interpretation of the Fair Housing Act that clarifies the appropriate standards for proving a violation under an effects theory. HUD also chose not to conduct a cost/benefit analysis on this basis.
• HUD’s clarification that the Fair Housing Act provides in these cases awards of damages, both actual and punitive. This means huge dollar lawsuits and the “suits” not consumers most always reap the benefits in legal fees.
• Changes in the language in the regulation stating that unlawful discriminatory conduct under the Fair Housing Act includes “servicing of loans or other financial assistance with respect to dwellings in a manner that discriminates, or servicing loans or other financial assistance which are secured by residential real estate in a manner that discriminates, or providing such loans or financial assistance with other terms or conditions that discriminate” on a prohibited basis.
• Language in the preamble restating HUD’s position that the Fair Housing Act applies to homeowner’s insurance.

This is interesting and I wonder if we will see insurance corporations catch what this could cost. Landlords will also be subject to this rule. How can a small landlord measure and report what quota of a protected class they rented to? Mortgage companies will provide statistical information on loans denied and fees charged measuring against these protected groups ( by racial group, religious affiliation, marital status, gay and lesbians?) Mortgage originators, insurance companies and insurance companies don't track all aspects of "protected groups." This opens up a dumpster of lawsuits to be poured into our court system. HUD failed to define the groups and nail down how to verify if a person was discriminated against. Does this mean a small individual landlord must rent his unit to a person with bad credit who also is a person of color?

What do you think?