NY AG, Brokers Settle Alleged Discriminatory Lending Practices
January 16, 2009
Two mortgage brokerage companies have agreed to pay $665,000 in restitution to minority borrowers who were allegedly charged higher fees than white borrowers, according to a settlement agreement announced Jan. 7 by New York Attorney General Andrew Cuomo. The investigation of the two companies – HCI Mortgage and Consumer One Mortgage – resulted from a joint investigation by...