Discrimination in Lending

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I am a realtor in the City of San Francisco. I wanted to ask for your assistance with a situation that appears to me to be lending discrimination. The following are the pertinent facts.

I have a client that I was assisting in the purchase of a home. They worked with a lender and provided all the information and filled out all the necessary documents to apply for the loan and were approved several weeks ago.

The sale was scheduled to close last week and one day after the lender failed to fund, i was informed by the lender that they had decided to reverse themselves and not make the loan after all. A broker that I was working with also called the lender to inquire as to why the loan had not funded, he told me that before they told him that they had reversed their decision, they asked about my client's ethnic background. He responded to them that the clients last name clearly indicated their ethnic heritage. They then informed him that they had decided to reverse their previous decision to make to loan.

It seems to me that this lender has discrimated against my clients. any suggestions as to how my client can file a complaint against this lender would be most appreciated.

Thank you, M.Perales pito01@aol.com

-- Maria Perales (pito01@aol.com), October 09, 2001

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