Maryland to use existing laws on predatory lenders – Labor and licensing secretary decries targeting of minorities by subprime lenders
Tagged: MarylandPosted on: April 4th, 2007“State officials plan to aggressively enforce existing anti-predatory and anti-discrimination laws to prevent the widespread mortgage defaults that have struck homeowners nationally.
““People of color disproportionately are put in the subprime market,” said state Labor Secretary Thomas E. Perez. ““I refuse to believe that upper-income African Americans are somehow chronically not creditworthy. That is an insulting proposition to me.””
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Filed Under: 1. Hispanic News, Politics, Real Estate
