WASHINGTON -- The Department of Housing and Urban Development and the Mortgage Bankers Association of America are near an agreement on asking bankers to sign voluntary fairlending commitments with the government.

The commitments would include pledges by the institutions to implement a wide range of programs that increase minority lending, as well as specific numerical targets by which performance would be gauged.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.