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Maryland to use existing laws on predatory lenders – Labor and licensing secretary decries targeting of minorities by subprime lenders

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“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.””

Source: www.gazette.net
Fuente Traducido: usando Google o Altavista/Babel Fish
Posted on: April 4th, 2007
Curation from Tomás
Filed Under: 1. Hispanic News, Politics, Real Estate
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