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Real Estate & Property Law

: The Home Equity Theft Reporter

Feds To Scrutinize Lenders For Evidence Of "Ghetto Loans" Peddling, Reverse Redlining In Home Loan Originations

By r morris

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Reuters reports:The U.S. Justice Department has set up a new unit to pursue home lending discrimination and already has more than three dozen cases pending, a senior department official said on Thursday. The unit will target "unscrupulous" mortgage brokers and so-called redlining cases in which lenders charge more or refuse to loan money in certain areas like poorer neighborhoods or to lower

Full post as published by The Home Equity Theft Reporter on January 17, 2010 (boomark / email).

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