January 22, 2016

FHA Lawsuits Still Plague Nation’s Most Prominent Banks

Jumbo Loans

Bloomberg’s Banking Daily reports that banking giants Bank of America, Citi and Wells Fargo continue to face numerous Fair Housing Act lawsuits accusing them of maneuvering minority borrowers into loans those borrowers could not afford to repay. These allegedly discriminatory practices resulted in significant tax revenue losses and thus higher city expenses, including police, fire,…

Read More