HUD’s redlining retreat gives mortgage lenders a reprieve

HUD’s redlining retreat gives mortgage lenders a reprieve

By Emily Flitter and Kriston Capps | Bloomberg The US government is retreating from its mission of ensuring banks and other big financial companies don’t discriminate against neighborhoods with high populations of racial minorities when making home loans. The practice of redlining — denying financial services to entire neighborhoods — has for years been a key focus of the Department of Housing and Urban Development, whose lawyers have fought to …