Subprime Loans

The repeal of this Obama-era law is dangerous.

WASHINGTON — U.S. states reached a landmark $25 billion deal Thursday with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. SEE ALSO: Washington State To Legalize Gay Marriage The deal requires five of the largest banks to reduce loans for about 1 million households at risk of foreclosure. […]

WASHINGTON — The Department of Justice will sue Wells Fargo bank for preying on African American borrowers and giving them high cost sub prime loans. The Huffington Post reports: In an April 5 report to Congress, Perez’s unit said that some of these investigations would lead to lawsuits or settlements this year. “We’re a majority […]