Search Results for: mortgages

The US Department of Justice (DOJ) announced Wednesday that Trident Mortgage Company agreed to pay over $22 million to settle federal charges that its lending practices intentionally discriminated against minorities in the Greater Philadelphia Area. Trident is one of the largest realtor-affiliated mortgage lenders in the US and is a subsidiary of Warren Buffett’s Berkshire Hathaway. [...]

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California’s Reparation Task Force released a report Wednesday regarding reparation recommendations for descendants of enslaved people. The near 500-page report explains how these individuals have faced tremendous harms as a result of the wealth gap caused by slavery and the discriminatory policies that followed.  The report specifically mentions housing, education, employment, and the legal system [...]

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A federal grand jury in the US District Court for the District of Maryland Thursday indicted Marilyn Mosby, the state’s attorney for Baltimore City, with separate counts of perjury and submitting false mortgage applications. The four counts are for events taking place between May 2020 and February 2021, during which Mosby allegedly received pandemic relief [...]

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The US Court of Appeals for the Ninth Circuit, sitting en banc, ruled Tuesday that the city of Oakland, California, cannot sue Wells Fargo for violating the Fair Housing Act (FHA) because the city did not adequately show proximate causation. The court’s decision reverses the prior decision of its three-judge panel. Oakland had claimed that [...]

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The Supreme Court ruled on Wednesday in Collins v. Yellen, that the decision to restrict the President to remove the Federal Housing Finance Agency (FHFA) director violated the separation of powers. The 7-2 ruling formed in two parts addressed the issues of whether Congress could limit the President’s ability to remove the FHFA director from [...]

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The Consumer Financial Protection Bureau (CFPB) on Monday issued a rule supporting the Centers for Disease Control and Prevention’s (CDC) eviction moratorium, and requiring debt collectors to provide written notice to tenants of their rights under the eviction moratorium. The rule further prohibits debt collectors, including attorneys, from misrepresenting tenants’ eligibility for protection from eviction under [...]

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In some states, missing a tax payment could cost you your home.   That’s exactly what happened to one family from Easton, Massachusetts. Although brothers Neil and Mark Mucciaccio owned their house outright, they struggled to keep up with rising property taxes when their family experienced several medical and financial hardships. When the brothers failed to [...]

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