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Home » Alt A Lenders Named in Redlining Complaints
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Alt A Lenders Named in Redlining Complaints

March 24, 2006
A major advocacy group has filed complaints with the Department of Housing and Urban Development, alleging that a number of alternative lenders violated the Fair Housing Act by setting minimum appraisal ceilings and declining to write loans on certain types of homes. “These companies are denying the dream of homeownership to countless working families,” said John Taylor, president and CEO of the National Community Reinvestment Coalition, in a statement announcing that Fair Housing complaints…
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