More Discrimination Cited In Housing Practices

Foreclosed HouseThree years since a Wells Fargo Bank loan officer shared the details of how she and her colleagues targeted and directed prospective African American homebuyers into taking out expensive high-interest subprime mortgages to The New York Times, racial discrimination in the housing market is still an issue.

According to a new investigative report by the National Fair Housing Alliance (NFHA), a coalition of fair housing non-profit organizations, six major banks are engaging in discriminatory practices in the maintenance and marketing of foreclosed Real Estate Owned (REO) properties in predominantly Latino and African American neighborhoods.

Read more of the story here.