Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

Mortgage Discrimination Lawsuits Fourth-Quarter 2009 Mortgage Litigation Index

Mortgage Discrimination Lawsuits
Fourth-Quarter 2009 Mortgage Litigation Index

Class actions and lawsuits related to lending discrimination involving minorities, neighborhoods and property types.

Case Number
Date Filed Link to StoryLink to Story
First United Security Bank United States of America U.S. District Court for the Southern District of Alabama na The defendant was accused of lending discrimination and redlining by not offering equal access to some of its loan programs in predominantly black neighborhoods and charging blacks higher mortgage rates than similarly-situated whites in violation of the Fair Housing Act and the Equal Credit Opportunity Act. The defendant bank entered into an agreement with the DoJ to open a new branch in a black neighborhood and to spend $600,000 promoting its programs in affected neighborhoods. United States of America, Plaintiff v. First United Security Bank, Defendant Case No. 1:09-cv-0644 Sept. 30, 2009
Wells Fargo Bank, N.A., Wells Fargo Financial Tennessee, Inc., Wells Fargo Financial Tennessee 1, LLC City of Memphis, Shelby County U.S. District Court for the Western District of Tennessee na Memphis and Shelby County accuse Wells Fargo of various illicit lending practices, such as reverse redlining, encouraging credit worthy borrowers to purchase subprime instead of prime loans, increased vacancy rates have led to increased costs for the city and county providing services to these areas. City of Memphis v. Wells Fargo Bank N.A. Case No. 2:09-cv-02857-dkv Dec. 30, 2009

Popular posts

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...