HUD reaches agreement with Illinois lender accused of discrimination

The Department of Housing and Urban Development and Alpine Bank amp; Trust have reached an agreement to resolve claims that the lender discriminated against African-American and Hispanic mortgage applicants.

The Rockford, Ill.-based company will create a $1 million loan program designed to grow mortgage lending to residents of areas with African-American and Hispanic majorities as part of the agreement, HUD said Friday. The bank will also provide fair lending training to its staff and offer community outreach to minority neighborhoods such as homeownership and credit counseling.