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Fidelity Mortgage

Fidelity Mortgage - Grand Junction Colorado

Fidelity Mortgage Grand Junction was founded with the philosophy that the customer should always come first in mortgage lending. Since our doors ...

Fidelity Bank accused of denying mortgage loans based on race

The Fair Housing Act makes it unlawful to make housing unavailable or to discriminate in the terms, conditions, or privileges of the sale of a dwelling because of race.

Under the Fair Housing Act, banks and other lenders are also prohibited from discriminating with respect to home mortgage loans.

Under the terms of the settlement agreement, Fidelity will make investments and community development loans in “predominantly minority” census tracts, making at least 40% of those loans to specifically promote affordable housing.

Fidelity Bank committed to allotting at least $500,000 each year for two years, for a total of $1 million, to these endeavors.

In addition, Fidelity Bank will display a HUD Fair Housing poster in its branches in Raleigh.

The bank is also required to “prominently” display its non-discrimination policies at the same branch in both English and Spanish.

The bank will also provide fair lending training to staff, including loan originators and employees engaged in loan processing and underwriting.

'Fortunate One-Offs' In $4m Fidelity Boost


Tribune Business Editor

Fidelity Bank (Bahamas) chief executive yesterday conceded that its record-breaking 2015 profits may have been “fortunate”, after they received a $3-$4 million boost from ‘one-off’ events.

Anwer Sunderji told Tribune Business that the BISX-listed institution’s 46.5 per cent year-over-year bottom line increase was aided by a greater-than-expected contribution from its RoyalFidelity Merchant Bank & Trust affiliate.

He added that Fidelity Bank (Bahamas) also benefited from interest costs and loan loss provisions, both of which came in lower than the company had projected.

“We had a fortunate year last year,” Mr Sunderji told Tribune Business. “The results were influenced by one-off events that are unlikely to happen this year.

Fidelity Mortgage sells a mortgage on Doug's home to Enterprise Bank.Enterprise erroneously pays the real esta

te taxes on the home. When Enterprise demands reimbursment, Doug refuses, arguing that no contract exists that obligates him to reimburse the bank. What legal theory might Enterprise use to get its money from Doug?

Was there an escrow account set up for taxes in the original loan with Fidelity? If not, chances are Doug also paid the taxes to the county unless Enterprise brought it to Doug's attention that they had already paid them.