Court Finds 9 Percent Rate Unjust; Burden of Proof Shifted to Lender
June 16, 2008
A New York Supreme Court judge has stalled a foreclosure action against a minority borrower on grounds that the loan was a higher-priced loan and presumptively discriminatory. Ruling in M&T Mortgage Corp. v. Jahn Foy, et al, Judge Herbert Kramer of the Supreme...