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Litigation

: Point of Law

Racially "targeting" predatory subprime loans? The NAACP and Baltimore suits

By Ted Frank

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Says the NAACP complaint: "In 2004, African-American homeowners who received subprime mortgage loans from Defendants were over 30% more likely to be issued a higher-rate loan than Caucasian borrowers with the same qualifications." (¶ 1.) Thus, it concludes, the disparity...

Full post as published by Point of Law on January 12, 2008 (boomark / email).

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