A Mortgage Loan Company Settles Allegations of Disproportionate Home Care For $53 Million

A West Michigan non-profit organization is part of a $53 million settlement with Fannie Mae after a federal court found the mortgage loan company wasn’t taking care of foreclosed homes properly in the area.

The Fair Housing Center of West Michigan was one of about 20 housing groups across the country involved in this case. With this settlement, about $1.2 million will go towards housing projects in West Michigan.

About 10 years ago, members of the organization walked the streets of the southeast side of Grand Rapids. It was part of an effort to one day give back to the community.