Posts Tagged ‘predatory loans’

Jun
2014
3

City of L.A. Sues JPMorgan for Systematically Steering Minorities Into Foreclosure

City of L.A. Sues JPMorgan for Systematically Steering Minorities Into Foreclosure
  The City of Los Angeles has filed a lawsuit against JPMorgan Chase alleging the financial titan steered minority borrowers into homes they could not afford, triggering a foreclosure wave whose effects can still be felt in the city today. ¬†The lawsuit cites a report conducted by a low-income advocacy group that claims the mortgage [&hellip...