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Real Estate & Property Law

: The Home Equity Theft Reporter

Feds Get AIG Units To Cough Up $7.1M To Settle Race-Based Discrimination Claims In Home Mortgage Lending Practices

By r morris

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The Washington Post reports:Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will pay $7.1 million for restitution and education efforts, the U.S. Justice Department said.(1)The units, AIG Federal Savings Bank and Wilmington Finance Inc, will provide $6.1 million to about 2,500 borrowers in at least 19 major metropolitan cities who

Full post as published by The Home Equity Theft Reporter on March 18, 2010 (boomark / email).

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