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Facebook under investigation for discriminatory housing ads, again

Posted by The Aramco Group on Wed, Apr 25, 2018 @ 14:04 PM

Facebook may have thought it was off the hook when the U.S. Department of Housing and Urban Development terminated its investigation into whether the social media powerhouse violated fair-housing laws late last year. But earlier this week, the investigation was reopened by HUD Secretary Ben Carson.

"Secretary Carson has directed HUD's Office of Fair Housing and Equal Opportunity to re-open its investigation into Facebook's advertising practices," said Jereon Brown, HUD's general deputy secretary for public affairs. "Since our initial investigation, we have learned more about these practices that warrant a deeper level of scrutiny."

The investigation stems from suspicions that the site allowed some realtors to use ad-targeting options that allowed them to exclude minorities and people with disabilities. The 1968 Fair Housing Act, expressly prohibits such discrimination.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 4.5 percent, 15-year rates are near 4.0 percent and the 5-year ARM is averaging 4 percent.

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