What was the impact of this decision on the lending industry in the United States?

Assignment Question

Pick one of the three selections shown below and write up to five-page paper using the textbook and any needed outside sources in this course. The goal is to answer the selection as fully and completely as possible. You should take no more than three hours to complete this exam. The paper should be no more than five pages.

Please review the UM academic honesty policy before writing the Final Paper. I want to take this opportunity to congratulate each and every one of you for taking a course with a lot of reading of intricate text material. There has been substantial reading of difficult materials and quite a few course activities.

It is difficult to find Fair Housing cases at higher court levels in certain states. But a landmark fair housing and civil rights case from the United States Supreme Court in 2015 is noteworthy and worth reviewing.

For the purpose of your final paper, if you select this problem, please read the case of the Texas Department of Housing and Community Affairs v the Inclusive Community Project and discuss the holding in this case of the USSC from June 2015.

Discuss the facts of this case and answer the following questions:

1)do you agree with the decision of the USSC? Why or why not?

2) What was the impact of this decision on the lending industry in the United States?

3)Describe and define the term “disparate-impact liability”

4) What is your understanding of the impact of Justice Kennedy’s 22-page opinion on real estate and lending practices in the United States?

OR Review the real estate settlement statements in Figure 19.6 of the text and using the material in chapter 18-20 of the text, please describe the purpose behind each debit and credit item and state the amount of money the buyer needs to bring to closing and the amount of money received by the seller.

OR Review each of the learning objectives in Chapter 21 of the text and provides answers or responses to each of the 8 “bullet points” listed on page 531 of the text.

Please also discuss each of the items affecting mortgages on pages 559-566 and define their impact upon the real estate mortgage lending business.

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