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Home » DoJ Settles Fair Lending Action Against GFI
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DoJ Settles Fair Lending Action Against GFI

September 4, 2012
The U.S. Department of Justice showed its willingness to go after relative unknowns as well as the name brands in reaching a multi-million-dollar “pattern or practice” fair lending settlement with GFI Mortgage Bankers Inc., the mortgage banking unit of GFI Capital Resources Group that funds roughly $1 billion in residential mortgage loans annually. The federal government alleged that GFI engaged in a pattern or practice of discrimination by charging qualified African-American and Hispanic borrowers more for their...
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