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Mortgage lender to compensate minorities

Shared by Helping_user on Thu Dec 07, 2006 1:45 am
One of the biggest mortgage lenders in the US will compensate borrowers from the minority group who were charged higher rates than the whites having similar financial profiles. Source: http://www.charlotte.com/mld/charlotte/business/16173600.htm

Community Members Opinion

sara

Joined: 05 Jul 2006

Moderator
Posts: 2699
Location: New Brunswick, New Jersey

497.27 Dollars($)

Posted: Thu Dec 07, 2006 2:47 am Post subject: Justice at last for minority borrowers

Hi, It's good to see that minority borrowers getting justice. Charging higher payments from them isn't a fair thing at all. This will be a lesson for all lenders out there demanding more money from innocent borrowers just because they are from the minority groups. Thanks, Sara