Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
Estimated reading time: 0 minutes, 25 seconds
A federal judge has denied Wells Fargo’s request to dismiss a predatory lending complaint filed by three counties in Georgia. So reports National Mortgage Professional.
The lawsuit under the Fair Housing Act claims that Wells Fargo engaged in discriminatory mortgage practices against minorities.
While Wells Fargo argued that the counties’ amended lawsuit ran afoul of the statute of limitations, U.S. District Court Judge Michael Brown said the complaint mentioned 10 loans within the appropriate time frame.
