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Real Estate & Property Law

: The Home Equity Theft Reporter

FTC, Pennsylvania Lender Settle Race Bias Charges; Borrowers Credit Risk Didn't Warrant Higher Loan Costs, Say Feds

By r morris

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In Horsham, Pennsylvania, the Philadelphia Inquirer reports: Gateway Funding Diversified Mortgage Services L.P., a Horsham mortgage lender, has settled federal allegations that it charged African Americans and Hispanics higher prices for loans than it did white borrowers, the government said yesterday."We are not admitting that we did it," said Bruno Pasceri, president and chief executive

Full post as published by The Home Equity Theft Reporter on December 18, 2008 (boomark / email).

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