Thursday, July 29, 2010

Lender Discrimination of Pregnant Women for Maternity Leave Possibility

Being a Global Properties Specialist serving buyers of real estate throughout the world and the author of "Empowering & Liberating Women" I was boiling mad when I heard about lender discrimination against pregnant women.

In Canada where my wife comes from pregnant women are treated like royalty and get full salary while on maternity leave and are treated with the utmost respect.

Unfortunately however here in the States as the birth rate continues to decline across the country and the economic troubles continue, lender discrimination is not helping pregnant women seeking maternity leave to care for their newborn babies.

Women are increasingly claiming they are being discriminated against on the job because they're pregnant. To make matters worse, now lender discrimination is making it hard for pregnant women to buy a home.

The U.S. Department of Housing & Urban Development (HUD) has announced that it will launch multiple investigations into the lending practices of certain mortgage lenders to determine if they illegally denied families mortgages because the mother is pregnant or a family member is experiencing a short-term disability.

According to Mortgage Professional Magazine the action follows a report published in The New York Times outlining the lending practices of some lenders which might possibly violate the Fair Housing Act.

"Denying a mortgage to people just because they're having a baby is flat wrong," said u.s. Vice President Joe Biden, Chair of the White House Task Force on Middle Class Families. "Mothers on maternity leave have jobs, they have income, and they shouldn't have to lose their deal to close on a house because they had a baby. I applaud HUD for taking action on this practice that could potentially affect untold numbers of families."

HUD Secretary Shaun Donovan said, "Lenders have every right to ascertain the incomes of families to determine whether they are eligible for a mortgage loan but they have no right to use a pregnancy or a short-term disability as a cause to deny that family a mortgage they would otherwise qualify for. Having a child should be a time for a family to celebrate and must not be a cause for unfair lending practices."

If you have experienced lender discrimination as a result of being pregnant and anticipated future maternity leave, contact me and share your story so we can make some noise and mobilize a national boycott of these corrupt mortgage companies and those banks practicing lender discrimination.

Paul F Davis - Global Properties Specialist and Consumer Women's Rights Advocate
info @ - author of "Empowering & Liberating Women"

Paul F. Davis is a Global Property Specialist, Green Homes and Buildings Consultant and Debt Arbitrator for financial freedom.

Paul is the author of 18 books and a worldwide speaker who has touched 60 countries building bridges cross-culturally by joyfully disarming and empowering people throughout the earth to transcend their limitations and live their dreams!

Earn 20% commissions on all paid speaking engagements and life coaching Paul obtains through your referral and recommendation.

No comments: