|
|
|
Home >> News >> News Details
|
|
|
|
|
 Two Year Investigation Alleges "Pervasive" Discrimination
19-06-2006
A national consumer group has just lobbed a bombshell at the mortgage brokerage industry -- a charge of "pervasive" discrimination against African-American and Hispanic loan applicants.
After a 28-month investigation in six metropolitan areas using "paired testers," or mystery shoppers, the National Community Reinvestment Coalition (NCRC) says it documented widespread and costly unequal treatment of minority loan applicants compared with whites.
As a result of the investigation, NCRC has begun filing a series of federal fair lending complaints. The first complaint was filed last Wednesday against the largest brokerage network in the country -- Houston-based Allied Home Mortgage Capital Corp.
|
|
|
|
|
Top Articles |
|
|
Article Archive |
|
|
Article Of The Day |
|
|
|
|
|
|
|
|
