Does Specialized Loan Servicing Discriminate Against People of Color?

Elderly Black Man Locked Out Of His Home By Specialized Loan Servicing During Foreclosure Fight.  Specialized Loan Servicing aka SLS has been trying unsuccessfully to foreclose on frail 87-year-old Thomas Brown. Brown’s foreclosure litigation has dragged out for nearly two years. Yet, that didn’t stop SLS from locking the elderly black man out of his […]

Boca Ratonians

Provident Funding Associates Settles Lending Discrimination Claims

Provident Funding Associates Was Accused of Lending Discrimination Against African-Americans and Hispanic Borrowers Settlement Provides $9 Million in Compensation to African-American and Hispanic Borrowers The Justice Department and Consumer Financial Protection Bureau filed a consent order yesterday to resolve allegations that Provident Funding Associates engaged in a pattern or practice of lending discrimination that increased […]

9th Circuit COA Allows Dual Tracking Case Against Wells Fargo To Proceed

Court Says Its an ECOA Violation Karen Gullo, Bloomberg Wells Fargo & Co. (WFC) must face borrowers’ claims that it violated the Equal Credit Opportunity Act by starting foreclosure proceedings while the customers were making payments under a loan-modification agreement. The U.S. Court of Appeals in San Francisco today reinstated the claims of John and Carol […]

SunTrust Mortgage Settles Housing Discrimination Complaint For $21M

Larry O’Dell, AP SunTrust Mortgage Inc. agreed Thursday to pay $21 million to settle a federal lawsuit alleging racial discrimination in its lending practices, the second-largest fair lending settlement ever obtained by the U.S. Department of Justice. A complaint filed by the department in U.S. District Court in Richmond said SunTrust Mortgage charged more than […]

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