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Fannie Mae just settled a foreclosure discrimination class action in which they where failing to maintain foreclosed properties in minority neighborhoods. This
by thebooktocome 3y ago
Fannie Mae just settled a foreclosure discrimination class action in which they where failing to maintain foreclosed properties in minority neighborhoods. This caused a chain reaction where nearby homes went underwater and were subsequently foreclosed upon.
Mortgage lenders have remarkable legal resources with which to make a homeowner’s life miserable. While they usually have a financial incentive not to, that doesn’t always pan out.