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Loan Modification

: Mortgage Lender Implode-o-Meter

FTC accuses Golden Empire Mortgage of bias

By Implode-Explode Heavy Industries

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The Federal Trade Commission said Monday that it had accused a Bakersfield-based mortgage banking company of charging Latinos higher prices for mortgage loans than it charged non-Latino whites. The agency alleged that the discrepancies could not be explained by applicants' credit histories or underwriting risk.

View the FTC's complaint here. Click the link below to read the original article.

Full post as published by Mortgage Lender Implode-o-Meter on May 15, 2009 (boomark / email).

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