Mortgage Company Settles Discriminatory Loan Charges For $3.5 Million

Mortgage Company Settles Discriminatory Loan Charges For $3.5 Million: A mortgage company that was charged with overpricing loans for nonwhite borrowers will pay $3.5 million to the 600 African American and Latino borrowers who paid higher mortgage rates than whites from 2005 to 2009, the New York Times reports. GFI Mortgage Partners will also pay a $55,000 fine, the maximum allowed under the Fair [...]/p