Nestor M. Davidson, the Albert A. Walsh Professor of Real Estate, Land Use, and Property Law at Fordham Law School, praised the actions of both the Consumer Finance Protection Board and the U.S. Department of Justice after a settlement was reached with a Wisconsin-based mortgage company over allegations of redlining in Birmingham, AL.
“As a general matter, an argument that says that we can make an individual judgment about any borrower based on where they actually live, or based on their race, or based on anything that is not related to that person’s individual ability to repay and evaluate their collateral, is irrational and banks should not be doing it,” Nestor M. Davidson, faculty Director at the Urban Law Center with Fordham Law School.
