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Lehman
Brothers Bank, FSB and its subsidiaries (collectively the “Bank”) are committed to
making home financing available to consumers by originating and purchasing residential mortgage loans to credit
worthy borrowers and by servicing such loans and engaging in collection
activities related to such loans in a fair and equal manner. The Bank conducts its business in accordance with the federal Fair Housing Act and Equal Credit Opportunity Act, and applicable
state laws. The Bank prohibits differential treatment of
applicants on the basis of their race or color, national
origin, religion or creed, sex, marital status, familial
status, handicap or disability, age (provided the applicant
has the capacity to contract), the fact that all or part of
the applicant’s income is derived from a public assistance
program, or has in good faith exercised any right under the
Consumer Credit Protection Act.
What is Fair
Lending?
Fair Lending
is an accumulation of laws and regulations an institution
complies with to prevent and detect prohibited discriminatory practices.
Discrimination based on a prohibited basis is illegal.
Fair
Lending Resources
The Federal Reserve Board
Office of Thrift Supervision
Federal Deposit Insurance
Corporation
Federal Trade Commission
Lehman Brothers Bank Fair Lending Program
Lehman
Brothers Bank has a comprehensive Fair Lending program that is
designed to detect and eliminate discriminatory lending
trends.
At Lehman Brothers Bank:
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We strongly support fair lending principles.
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We are committed to best practices in residential mortgage lending and to being a responsible mortgage lender.
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We offer a broad array of products that serve the mortgage lending needs of borrowers.
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We have elected not to originate or purchase “high costs loans” as defined by federal, state or local law.
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We originate and purchase residential mortgage loans in all 50 states and D.C.
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We provide continuing service and financial support to community groups involved in economic development and strengthening of our communities.
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