Currently Browsing: Predatory Lending

Colorado trio fined for Predatory Lending

Steven Chavez, Colorado Division of Civil Rights Director announced that Dean Juhl, Charles Brandt and Jessica Felicano have been found to have violated Colorado’s Fair Housing laws. Juhl, Brandt and Felicano are accused of targeting Latino homebuyers in the Greeley area. The trio according to documents...

Predatory Lending for the Consumer

Would you know what Predatory Lending is if you were sitting with a mortgage banker or mortgage broker? Thousands of homeowners purchase homes everyday and do not look into this as actively as they shop of deals as an everyday consumer. We trust the brokerage or banker with the faith that they are acting...

When is subprime Predatory lending?

The Columbia Journalism Review recently ran an article in which it questioned the media’s used of the word subprime in replace of predatory lending. The article “How Subprime killed Predatory” by Elinore Longobardi, is available to subscribers of the Columbia University Graduate School of Journalism....

Nilsen Ex-Cedar Funding President Charged

David Nilsen, the former president of Cedar Funding Inc has been charged with thirty one counts of fraud. Cedar Funding Inc was a mortgage lending firm that also managed mortgage investment pools. The accusations against Nilsen and his company state that he defrauded investors out of one hundred fifty...

Documentary Exposes Predatory Lending and Questions the Government

Leslie Cockburn is director of American Casino a documentary about the predatory lending in America. Cockburn a seasoned investigative reporter for PBS and CBS’ 60 minutes has provided us with an extraordinary piece of film that chronicles the predatory lending against African-Americans and the Governments...

Predatory Lending Points to Racial Gap

The difference between the wealth of White Americans and Americans of Color has consistently increased over the past thirty years. Levels of education achievement on the part of Americans of Color have dramatically increased yet the level of disparities between the wealth among White Americans and Americans...

City to make case against Wells Fargo

Originaly by Julie Bykowicz: Lawsuit claims Baltimore harmed by predatory lending practices Baltimore City will attempt to show a federal judge on Monday that it has lost millions of dollars because of what it contends were racially biased predatory lending practices by Wells Fargo. In what will amount...

Fighting for justice

Originaly by Sue Dremann: Community Legal Services of East Palo Alto takes on the challenges of the elderly, immigrants and poor Attorney Shirley Hochhausen recalled the day she prevented the sale of Jaqueline Marcelos’ foreclosed home. The sale was scheduled for completion at 1 p.m.; Hochhausen...

Subprime Lender Settles With Mass

Subprime Lender Settles With Mass
Fremont General to pay $10 million to end predatory lending suit. Massachusetts taxpayers just got another apologetic payout from a firm that profited from the subprime lending binge. Massachusetts Attorney General Martha Coakley said Tuesday that bankrupt subprime giant Fremont General ( FMT - news...