Definitions for "Fair housing act"
Prohibits discrimination in housing sales or loans on the basis of race, religion, color, national origin, sex, familial status, or handicap. Your Rights under the Fair Housing Act. Federal Home Loan Mortgage Corporation (FHLMC, Freddie Mac) A stockholder-owned corporation chartered by Congress to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages from lenders and packages them into securities that are sold to investors. Federal Housing Administration (FHA) A part of the U.S. Department of Housing and Urban Development (HUD). FHA assists first-time home buyers and others who might not be able to meet down payment requirements for conventional loans by providing mortgage insurance to private lenders. It also insures loans for home improvements and buying manufactured (mobile) homes. These programs operate through FHA approved lending institutions which submit applications to have the property appraised and have the buyer's credit approved.
Pursuant to the federal Fair Housing Act, no offer to sell, rent, buy, or exchange property shall contain any preference, limitation, or discrimination based on race, color, religion, sex, national origin, handicap, or familial status, or an intention to make such preference, limitation or discrimination. (See Civil Rights Act of 1968, federal fair housing law) HUD—Fair Housing Reading Room
Title VIII of the Civil Rights Act of 1988 prohibits discrimination in housing because of race, color, national origin, religion, sex, handicap, or familial status.