Justice Department Announces $335M Settlement With BofA Over Allegations That Countrywide Engaged In Race-Based Discrimination When Making Home Loans
Written by Administrator on December 25th, 2011The New York Times reports:The Justice Department on Wednesday announced the largest residential fair-lending settlement in history, saying that Bank of America had agreed to pay $ 335 million to settle allegations that its Countrywide Financial unit discriminated against black and Hispanic borrowers during the housing boom.A department investigation concluded that Countrywide loan officers and
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