# HUD Targets Wells Fargo Over Race-Based Lending

> HUD investigates Wells Fargo for race-based lending practices.
- Title: HUD Targets Wells Fargo Over Race-Based Lending | Shortify
- Summary: HUD investigates Wells Fargo for race-based lending practices. HUD accuses Wells Fargo of 'sorting' in home lending after finding Black applicants rejected…
- Keywords: hud, wells fargo, race based lending, fair housing laws, homeowners, black homeowners, refinance applications, mortgage, real estate, business, Targets, Wells
- Source: The Real Deal — https://therealdeal.com/national/2026/10/08/hud-targets-wells-fargo-over-race-based-lending-efforts
- Author: TRD Staff
- Published: 2026-10-08T17:00:00+00:00
- Read time: 1 min
- Topics: hud, wells fargo, race based lending, fair housing laws, homeowners, black homeowners, refinance applications, mortgage, real estate, business
## HUD launches investigation
The Department of Housing and Urban Development launched an investigation into Wells Fargo for its decade-long programs aimed at boosting minority homeowners.
## Wells Fargo's lending program
Wells Fargo committed $60 billion in loans to assist at least 250,000 black homeowners over a decade, expanding to home refinancings five years later.
## HUD labels practices as 'sorting'
HUD secretary scott turner called wells fargo's practice of dividing americans based on race immoral, unethical and unamerican.

> the company's practice of dividing americans based on race is immoral, unethical and unamerican
## Key takeaway

HUD accuses Wells Fargo of 'sorting' in home lending after finding Black applicants rejected more than white ones.