#FANNIE MAE FORECLOSURES IN ATLANTA WINDOWS#

The windows and doors are often unsecured, left wide open, or boarded. Conversely, Fannie Mae-owned properties in predominantly African American and Latino working- and middle-class neighborhoods are more likely to be left neglected. She continued, “Fannie Mae executes its mission in predominantly white neighborhoods, but certainly the evidence in the complaint and the photographs illustrates that its foreclosures in middle- and working-class neighborhoods of color are not maintained as ‘best-in-class’ and they are not even close to ‘market-ready.’”įannie Mae-owned properties in predominantly white working- and middle-class neighborhoods are far more likely to have the lawns mowed and edged regularly, invasive weeds and vines cleared, windows and doors secured or repaired, litter and trash removed, leaves raked, and graffiti erased from the property. “Fannie Mae’s mission statement contradicts the findings of the multi-city, multi-year investigation,” said Shanna L. Investigators also took and reviewed over 49,000 photographs of these foreclosures that document the differences in treatment.Īccording to Fannie Mae’s website, “the mission of the Fannie Mae Property Maintenance team is to ensure the quality of our REO property maintenance services, consistently producing best-in-class, market-ready properties and maintaining them until removal from our inventory.” NFHA and 20 partner fair housing organizations collected evidence at each property, noting over 35 data points important to protecting, securing, and marketing the homes.

In spite of numerous meetings between NFHA and Fannie Mae to address these disparities Fannie Mae persisted in its willful neglect of its properties in African American and Latino communities.Ĭomprised of evidence from 2011 through 2015, the lawsuit details allegations involving more than 2,300 foreclosed properties owned and maintained by Fannie Mae. During the past several years, NFHA notified Fannie Mae many times of its failure to maintain and market its foreclosed homes in communities of color to the same standard to which it was maintaining and marketing the foreclosed homes it owned in similar, predominantly white neighborhoods. The lawsuit is the result of a multi-year investigation. The data supporting the federal lawsuit, which includes substantial photographic evidence, shows a stark pattern of discriminatory conduct by Fannie Mae in the maintenance of its foreclosures. The lawsuit alleges that Fannie Mae purposely fails to maintain its foreclosures (also known as real estate owned or “REO” properties) in African American and Latino neighborhoods to the same level of quality it does for foreclosures it owns in white neighborhoods. and New Orleans, LA - Today, the National Fair Housing Alliance (NFHA), the Greater New Orleans Fair Housing Action Center (GNOFHAC) and 20 local fair housing organizations from across the United States filed a housing discrimination lawsuit against Fannie Mae in federal district court in San Francisco, California. National Fair Housing Alliance, Greater New Orleans Fair Housing Action Center File Federal Lawsuit Over Neglected Foreclosures

Fannie mae foreclosures in atlanta