Justice Department probes allegations of discrimination in mortgage lending

“The Justice Department is investigating several possible instances of discriminatory mortgage lending, and plans to open more inquiries soon, an agency attorney told lawmakers on Wednesday.

House members said at a subcommittee hearing that evidence of racial discrimination in the mortgage market is especially troubling given the surge in home-loan defaults that has showed signs of expanding beyond the market for borrowers with weak, or subprime, credit.”

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