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| Wells Fargo Settles US Allegations of Home-Loan Bias Businessweek Wells Fargo & Co. (WFC), the largest U.S. mortgage lender, will pay $125 million and set up a $50 million assistance fund to settle U.S. allegations that it discriminated against minority borrowers. See all stories on this topic » | ||
| Wells Fargo to pay $175 million to settle lending bias allegations Los Angeles Times Wells Fargo agrees to pay $175 million to settle lending bias allegations. The Justice Department alleged that Wells Fargo overcharged minorities for home loans and wrongly steered them into subprime mortgages. See all stories on this topic » | ||
| Stern Advice - Will the Wells Fargo settlement affect your mortgage? Reuters Bank of America, Citi and JPMorgan Chase have all stopped doing mortgage loans through brokers, and the theory is that the fewer outlets brokers have, the more business they will squeeze into fewer companies. "This is going to force the same amount of ... See all stories on this topic » | ||
| Wells Fargo Settles U.S. Allegations of Home-Loan Bias San Francisco Chronicle The San Francisco-based bank, which controls about a third of the market for all new home loans, denied it engaged in illegal discrimination and said it agreed to settle solely to avoid litigation, according to a proposed consent order. "Wells Fargo ... See all stories on this topic » | ||
| Wells Fargo, Justice Department settle discrimination case for $175 million Washington Post In one of the largest fair-lending payouts in history, Wells Fargo agreed on Thursday to spend at least $175 million to settle federal accusations that it steered black and Latino borrowers into high-cost loans and charged them excessive fees. See all stories on this topic » | ||
| What Wells Fargo's Broker Exit Means for Borrowers Wall Street Journal (blog) Wells Fargo & Co. announced that it would stop buying loans from mortgage brokers, effective on Friday. Wells says that loans from independent brokers account for just 5% of its originations, but the San Francisco, Calif., based bank is nonetheless a ... See all stories on this topic » | ||
| Wells Fargo to pay $175 mln in race discrimination probe Reuters U.S.: African-Americans, Hispanics steered intohigher-priced loans* Bank will pay $125 million to compensate borrowers* Another $50 million will go to eight U.S. metro areasBy Rick Rothacker and. See all stories on this topic » | ||
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| Justice Department Details Higher Rates Charged to Minority Borrowers Wall Street Journal (blog) As a result of being placed in a subprime loan, an African-American or Hispanic borrower… was subject to possible pre-payment penalties, increased risk of credit problems, default, and foreclosure, and the emotional distress that accompanies such ... See all stories on this topic » | ||
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| Wells Fargo to pay $175M in lending settlement Chicago Sun-Times At least $15 million is pegged for Illinois borrowers whose loans were originated between 2004 and 2009, according to Attorney General Lisa Madigan. Wells Fargo, the nation's largest residential home mortgage originator, allegedly engaged in a pattern ... See all stories on this topic » | ||
| Wells Fargo pays $175 million to settle racial steering case Kansas City Star Wells Fargo Bank, the nation's largest originator of mortgages, agreed Thursday to a $175 million settlement with the Justice Department, which alleged the bank steered minorities into more expensive subprime loans with higher interest rates when they ... See all stories on this topic » | ||
| Loan-Market Pipeline Gushes With New Deals Wall Street Journal Leading the spate of deals was a giant $1.92 billion high-yield or "leveraged" loan for cable provider WideOpenWest, which is buying Internet provider Knology (KNOL). That was the biggest loan since Chesapeake Energy (CHK) borrowed $4 billion via a ... See all stories on this topic » | ||
| Wells Fargo Agrees To $175 Million Settlement Over Lending Discrimination NPR (blog) The bank allegedly charged minority borrowers higher rates and fees and sometimes steered them into subprime loans when they would have qualified for regular loans, Justice Department officials said. At least 34000 people may have been victimized by ... See all stories on this topic » | ||
| Feds reach $175 million settlement with Wells Fargo over discriminatory ... Atlanta Journal Constitution Wells Fargo agreed Thursday to pay more than $175 million to resolve allegations that it engaged in a widespread pattern of discrimination that pushed qualified black and Hispanic borrowers into more expensive home loans. See all stories on this topic » | ||
| Wells Fargo to pay $175 million in race discrimination probe Chicago Tribune In the second-largest settlement of its kind, the biggest U.S. mortgage lender will pay $125 million to borrowers who were allegedly steered into higher-priced subprime loans or who paid higher fees and rates than white borrowers. Wells Fargo will also ... See all stories on this topic » | ||
| Wells Fargo to settle mortgage bias case for $1754M Salt Lake Tribune Those dates correspond to the boom in subprime lending, where loans were given to the least creditworthy borrowers, often in the form of adjustable-rate mortgages that began with low teaser rates but later jumped to much higher rates, often to double ... See all stories on this topic » | ||
| China New Yuan Loans Top Forecasts; Forex Reserves Shrink Businessweek China's new loans exceeded estimates in June, boosting odds the government will secure an economic rebound after growth probably slowed for a sixth quarter. See all stories on this topic » | ||
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| Supervalu Seeks $2.5 Billion Loan to Refinance, Bonds Drop Businessweek Supervalu Inc. (SVU), the third-largest U.S. grocery that suspended its dividend, is seeking $2.5 billion in loans to refinance debt. See all stories on this topic » | ||
| Wells Fargo in $175M discriminatory lending settlement CNNMoney The DOJ accused Wells Fargo, the nation's largest residential home mortgage originator, of pushing African-American and Hispanic borrowers into more costly subprime loans or charging them higher fees than comparable white borrowers. More than 30000 ... See all stories on this topic » | ||
| Minorities Paid More For Wells Fargo Home Loans in LA? Feds Settle For $175 Mil LA Weekly (blog) Since before the days of Ronald Reagan's "welfare queen," the racist's take on the American minority is often... See all stories on this topic » | ||
| Growing IVF loan business helps families finance their fertility msnbc.com (blog) Jill and Tom Clinton knew they wanted to have kids after they got married in 2006 – and they weren't getting any younger. So, after a miscarriage, the couple turned to a fertility clinic. The Clintons' health insurance policy didn't cover in vitro ... See all stories on this topic » | ||
| Wells Fargo Announces Settlement with US Department of Justice Regarding ... MarketWatch (press release) The Company stopped making subprime loans through independent mortgage brokers in 2007 and stopped all subprime home lending in 2008. During the period in which Wells Fargo originated subprime loans, the Company implemented industry-leading ... See all stories on this topic » | ||
| Wells Fargo Will Settle Mortgage Bias Charges New York Times Wells Fargo brokers also steered more than 4000 minority borrowers into costlier subprime mortgages when white borrowers with similar credit risk profiles had received regular loans, a Justice Department complaint found. The deal covers the subprime ... See all stories on this topic » | ||
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| Wells settles loan discrimination claims Financial Times Wells Fargo is to pay at least $175m to settle allegations by the Department of Justice that it discriminated against African-American and Hispanic borrowers by steering them into high-cost mortgages. The settlement with the US's biggest mortgage. See all stories on this topic » | ||
| Wells Fargo's mortgage strength is US weakness Reuters Blogs (blog) The San Francisco-based bank accounts for a third of the country's new home loans and is the largest servicer, too. That's great for Wells' bottom line. But such a dominant market share, if sustained, could be bad news for consumers and taxpayers. See all stories on this topic » | ||
| China Loans Rise 16% Wall Street Journal Chinese financial institutions gave out 16% more in new yuan loans in June than in May, in yet another sign of easing liquidity as policy makers try to boost economic growth. See all stories on this topic » |
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| Minn. Democrat Graves Loans Campaign Another $150K « CBS ... By Jeff Wald The Democrat hoping to unseat Republican Rep. Michele Bachmann in Minnesota's 6th Congressional District has loaned his campaign another $150000. CBS Minnesota | ||
| Taking Current Underwater Loans v. Defaulted Ones « Reality Check By Abigail Caplovitz Field While taking current underwater loans serves more of a public purpose than the generalized economic development claim of turning homes into property for Pfizer, taking defaulted loans provides even more public benefit. Instead of diverting ... Reality Check | ||
| China New Yuan Loans Top Forecasts; Forex Reserves Decline ... By MRH Banks extended 919.8 billion yuan ($144.3 billion) of local-currency loans, the People's Bank of China said today. That compares with the 880 billion yuan median forecast in a Bloomberg News survey. Foreign-exchange reserves fell to $3.24 ... SGTreport - The Corporate Propaganda... | ||
| Student loans for child in divorce By lookinforanswers Hello all - need some advice. My marriage is on the verge of divorce. We have a daugther starting her second year in college in the fall. It's time to. Talk About Marriage | ||
| Fresh Loans of Rs 150 crore from public sector banks for Haldia ... Haldia Petrochemicals (HPL) has managed to secure Rs 150 crore in fresh loans from public sector banks. The April-June quarter that was its worst quarter ever, as HPL suffered loss of Rs 400 crore as it could operate at 50% capacity ... News, Industry Events and Development... | ||
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| Guide To Fast Payday loans in the UK | Easy Credit Online Loans ... By admin Payday loans might be precisely what you're in need of. They really are swift online loans who need zero collateral, no report, no documentation, and no faxes. Online loan companies operate promptly to generate you the dough you wish ... Easy Credit Online Loans Available 24 | ||
| Intelligentsiya: HA writes off loans By Keep The Faith "Further to this, the homeowner will not be allowed to take further loans from Housing Authority within this timeframe. The caveat is in place to ensure that the policy assistance is not abused and that is goes to those that genuinely deserve it," ... Intelligentsiya | ||
| DiCarlo Loans Himself $2K, Has $12K By Nick Reisman DiCarlo Loans Himself $2K, Has $12K. Neil DiCarlo, an anti-same-sex marriage marriage Republican who is launching a primary bid against Sen. Stephen Saland, has $12336 in cash on hand and contributed $2000 in a personal loan to his ... Capital Tonight | ||
| Lawmakers Target U.S. Green Loans : Personal Liberty Alerts By UPI - United Press International, Inc. WASHINGTON, (UPI) -- Republican leaders in the United States announced they introduced a bill that proposes more transparency in loans for renewable energy programs. Reps. Fred Upton, R-Mich., chairman of the House Energy and ... Personal Liberty Alerts | ||
| How Payday Loans Differ from Grants | Global Knowledge Exchange By admin The difference of payday loans from grants is that the former has to be paid back. On the other hand, the latter is free money and there is no need to pay back the amount given to you. But then, the requirements for payday loans are fewer as ... Global Knowledge Exchange | ||
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| Kern's community college students keep fed loans for now | Local ... It's a sign of relief, after an extension was made, to rethink ending federal loans for Bakersfield community college students. But future students may not be out of the woods yet. BakersfieldNow.com - KBAK and... |
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| Brief relief, long-term questions on student loans - Yahoo! News From Yahoo! News: Congress may have averted a doubling of interest rates on millions of new federal student loans, but the fix is only for a year, leaving ... news.yahoo.com/brief-relief-long-term-questions-student-loan... | ||
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