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Real Estate & Property Law

: The Home Equity Theft Reporter

Alleged "Ghetto Loans" Peddler Hit With Another Fair Housing Suit; Memphis, Shelby County Claim "Reverse Redlining" In Making Predatory Mortgages

By r morris

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In Memphis, Tennessee, The Commercial Appeal reports:The city of Memphis and Shelby County, joining a host of governments across the country hit hard by the foreclosure crisis, filed a federal lawsuit [last] Wednesday against financial services giant Wells Fargo. The suit alleges that "unlawful, irresponsible, unfair, deceptive and discriminatory" lending practices by Wells Fargo in Memphis and

Full post as published by The Home Equity Theft Reporter on January 04, 2010 (boomark / email).

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