Posts Tagged ‘Subprime lending’

  • Federal officials looking into charges Wells Fargo discriminated against African-American borrowers Wednesday, July 27, 2011 � by jg

    Huffington Post: The Department of Justice is reportedly preparing a lawsuit against the banking giant for allegedly steering African-Americans into higher-cost subprime mortgages.

  • Citigroup to pay $75 million for failing to disclose subprime mortgage holdings Thursday, July 29, 2010 � by jg

    New York Times: Two Citi executives were also fined a total of $180,000 for dealings in 2007.

  • Countrywide reportedly agrees to $600 million class action settlement Monday, April 26, 2010 � by jg

    Los Angeles Daily Journal: Attorneys for Countrywide Financial have reportedly agreed to a $600 million settlement of a federal class action suit filed by investors who claim the company withheld information about the possible impact of a downturn in the housing market.

  • Wells Fargo agrees to reduce racial discrimination in lending Friday, April 9, 2010 � by jg

    National Law Journal: The NAACP has dropped a lawsuit against Wells Fargo after the bank agreed to take steps to address racial discrimination in its lending policies.

  • Mortgage scams net some jail time Tuesday, March 23, 2010 � by scott

    Prosecutors make some inroads against alleged mortgage scammers.

  • Tentative ruling issued in NAACP suit alleging lending bias Tuesday, February 2, 2010 � by jg

    Daily Journal: A California federal judge intends to throw out a claim that a major national bank discriminated against blacks applying for mortgages during the recent housing boom.

  • Ameriquest settles predatory lending suits, but there’s not much money left Thursday, January 28, 2010 � by jg

    What was once the nation’s largest subprime lender has pledged $22 million to repay aggrieved borrowers and their lawyers.