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Fannie Mae accused of neglecting foreclosures in minority neighborhoods
Baltimore Sun: A collection of fair-housing advocacy groups accused Fannie Mae on Wednesday of a pattern of maintaining and marketing its foreclosed houses in white neighborhoods — including in the Baltimore region — better than in minority areas.
The National Fair Housing Alliance and 19 local fair-housing organizations filed a complaint with the U.S. Department of Housing and Urban Development alleging violations of the federal Fair Housing Act after a five-year investigation documented the conditions of more than 2,100 foreclosed properties Fannie Mae owns in 34 metro areas.
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