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Real Estate & Property Law

: The Home Equity Theft Reporter

Shelby County Commisioners Give Go-Ahead For Filing Race Bias, Predatory Lending Suit Against Major Lenders

By r morris

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In Memphis, Tennessee, Memphis Commercial Appeal reports: Shelby County commissioners approved a resolution [last week] authorizing the county to file suit against the national lenders who, officials say, gave out risky, high-interest rate loans and enabled a foreclosure crisis in Shelby County.The resolution alleges that these major national lenders engaged in "deceptive" and "discriminatory"

Full post as published by The Home Equity Theft Reporter on December 31, 2008 (boomark / email).

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