Victims Of Mortgage Discrimination Could Get Thousands In Settlement (VIDEO)

By Emma Koch

February 28, 2013 Updated Feb 28, 2013 at 5:48 PM EST

INDIANA (www.incnow.tv) -- U.S. Attorney Joe Hogsett announced a joint venture between the Department of Justice and the U.S. Attorney's Civic Rights Task Force to locate Indiana victims of discriminatory lending practices by Countrywide Financial Corporation.

The $335 million settlement stems from allegations that from 2004 to 2008, Countrywide intentionally charged more that 13,000 black and Hispanic borrowers higher fees and interest rates that white borrowers with similar credit profiles, while intentionally directing more minority applicants toward risky sub-prime mortgages.




What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from 21Alive.com are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet



© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.