White House cracks down on mortgage discrimination

04/12/2010 | Los Angeles Times (tiered subscription model)

The U.S. Justice Department is taking a hard line on racial discrimination in mortgage lending, a move that is drawing applause from consumer groups but raising questions among lawyers for lenders. Brokers that originated subprime mortgages often charged minorities excessive fees, Justice Department officials said. Lenders are not allowed to ignore discrimination by brokers that originate loans for them, officials said.

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