Mortgage company settles maternity leave case

May 31, 2011
A mortgage company has agreed to settle a federal complaint that accused it of discriminating against women on maternity leave. The company will set aside $750,000 to compensate any women who may have been affected, while paying at least one woman $15,000.
     U.S. Department of Housing and Urban Development John D. Trasviña, the Department of Housing and Urban Development assistant secretary for Fair Housing and Equal Opportunity. The complaint, brought by the Department of Housing and Urban Development, says Cornerstone Mortgage, a Houston-based lender that has offices in 14 states, may have violated the Fair Housing Act, which prohibits discriminatory lending based on sex, disability and family status, including pregnancy or simply having children, among other things.
     The department said it was investigating similar complaints from prospective borrowers involving other lenders.