CHICAGO — The state of Illinois is suing one of the nation’s largest mortgage lenders for allegedly discriminating against black and Latino homeowners. Attorney General Lisa Madigan filed the lawsuit against Wells Fargo Friday in Cook County Circuit Court. The suit alleges that Wells Fargo sold the minorities high-cost subprime mortgage loans while white borrowers with similar incomes received …
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The State of Illinois is suing one of the country’s biggest mortgage lenders for allegedly discriminating against black and Latino homeowners.
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CHICAGO — The state of Illinois is suing one of the nation’s largest mortgage lenders for allegedly discriminating against black and Latino homeowners.
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CHICAGO (AP) - The state of Illinois is suing 1 of the nation’s largest mortgage lenders for allegedly discriminating against black and Latino homeowners.
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To put the bubble behind us, we need to place mortgage lenders on a path to settling up with underwater homeowners. One solution may be a federally regulated lease-back system.
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Bank of America CEO: Problems? Yes, we knowBank of America CEO: Problems? Yes, we know
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The regulator of Fannie Mae and Freddie Mac said it was unlikely that the federal government would ever be paid back the entire $85 billion spent so far on bailing out the firms — and added that the cost was going to rise as additional funds are drawn.
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Ken Lewis, the President and Chief Exec of Bank of America gave a talk today in Chicago. We went and listened. Lewis: “Banks have certainly got our share for the blame of our country’s situation. And of course we deserve…
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Last week, Security Fix told the online banking saga of Slack Auto Parts, a company in Georgia that lost nearly $75,000 at the hands of an extremely sophisticated malicious software family known as “Clampi”. I only mentioned the malware in passing, but it deserves a closer look: Research released this week by a top malware analyst suggests that Clampi is among the stealthiest and most pervasive …
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U.S. Sens. Mark Warner and Jim Webb of Virginia and other lawmakers sent letters this week to government agencies urging them to come to the aid of families and businesses hurt by tainted Chinese-made drywall.
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