The Justice Department's latest move against lending discrimination has hit the mortgage industry like a thunderbolt.

In an action two weeks ago against Maryland's Chevy Chase Savings Bank, the department made clear that lenders must seek to gain as much market share in minority communities as they do in white neighborhoods.

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.