Sentences with phrase «against minority mortgage»
The Senate is poised to pass a bill this week that would weaken the government's ability to enforce fair - lending requirements, making it easier for community banks to hide discrimination against minority mortgage applicants and harder for regulators to...
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Recently, the National Community Reinvestment Coalition asked HUD to investigate 22 lenders that impose stricter underwriting criteria than required by FHA to insure mortgages, claiming that requiring higher credit scores discriminates against minority mortgage applicants.
Not exact matches
A federal jury in Brooklyn found that the Emigrant Savings Bank had discriminated against eight minority homeowners by purposefully marketing to them subprime mortgages with what were described as predatory interest rates of as much as 18 percent a year.
The United States on Wednesday sued JPMorgan Chase, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and...
WASHINGTON (Reuters)- A divided U.S. Supreme Court ruled on Monday that the New York attorney general's office can investigate whether national banks discriminated against minorities seeking mortgages.
Today, after action by the Justice Department, Wells Fargo & Co. settled allegations of discrimination against minority borrowers and announced that it would no longer continue working with mortgage brokers.
In the 1930s, the Federal Housing Authority established mortgage underwriting standards that significantly discriminated against minority neighborhoods.