How many fannie mae foreclosures by state

Department of Housing and Urban Development grants supported the investigation into potential disparities in the maintenance and marketing of REO properties. The organizations were also represented by Morgan Williams, NFHA's General Counsel, and Julia Howard-Gibbon, Supervising Attorney of Fair Housing Advocates of Northern California. HOPE Fair Housing Center, Open Communities, South Suburban Housing Center, and the other fair housing groups are represented by noted civil rights law firms Relman Colfax PLLC and Dane Law LLC. The grants will also include innovative programs and partnerships to promote fair housing.ДЇannie Mae has implemented practices that will help avoid similar harmful treatment of communities of color in the future, including increasing its oversight of maintenance of properties it owns, prioritizing owner-occupants rather than investors as purchasers of REOs, and ensuring that it complies with fair housing laws, including by providing fair housing training to its employees and vendors. The plaintiffs will manage and disburse the settlement funds, providing much-needed grants, including for down-payment assistance for first-generation homebuyers and renovations for homes that languished in foreclosure. Specifically, plaintiff organizations will use over $35 million of the settlement to promote home ownership, neighborhood stabilization, access to credit, property rehabilitation, and residential development in the 39 metropolitan areas at issue in the case, including Chicago, Illinois and Gary, Indiana. HOPE Fair Housing Center, Open Communities, South Suburban Housing Center, and the other plaintiffs will invest the vast majority of the settlement monies directly back into the communities they allege were harmed by Fannie Mae's conduct. Today's agreement has far-reaching implications. The plaintiffs collected more than 49,000 photographs revealing poorly maintained properties in Black and Latino communities, particularly as compared to properties in predominantly White neighborhoods.

Of those properties, 378 were located in the Chicago and Gary metropolitan areas. The plaintiffs' 2016 allegations against Fannie Mae arose after a comprehensive, four-year investigation of more than 2,300 Fannie Mae-owned foreclosed properties in 39 metropolitan areas in the country. 'This settlement demonstrates the absolute necessity of collaborative advocacy across the nation's fair housing movement, and signals to the many communities in our region still reeling from the foreclosure crisis that their struggle will not be swept under the rug,' commented Michael Chavarria, executive director of HOPE Fair Housing Center. 'This resolution provides desperately needed resources to kick start distressed housing markets in communities of color throughout metropolitan Chicago including the Gary, Indiana area,' remarked John Petruszak, South Suburban Housing Center's executive director.

The success in this case brings us one step further in the advancement of racial equity in housing in the Chicago metropolitan area,' said Cheryl Lawrence, CEO of Open Communities. 'Open Communities is proud to be part of the collaboration within the Fair Housing enforcement community to bring this issue to the forefront. The case was the first time a federal court confirmed the nation's fair housing laws cover the maintenance and marketing of Real Estate Owned (REO) properties. In the case, plaintiffs alleged that Fannie Mae maintained and marketed its foreclosed homes in predominantly White neighborhoods while allowing similar homes in communities of color to fall into disrepair and that this differential treatment exacerbated the damage caused by the 2008 mortgage crisis and impeded recovery from the crisis in neighborhoods of color.

How many fannie mae foreclosures by state