Supreme Court Will Judge Test Cases Straight Out of 2008's Housing Collapse

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Supreme Court Will Judge Test Cases Straight Out of 2008's Housing Collapse

Nov, 11th 2016

Specifically, the city of Miami alleges that the banks discriminated against black and Latino homeowners in terms and fees.

That made mortgages more expensive than they otherwise would have been, and when these homeowners ran into trouble, the suit says, the banks refused to refinance mortgages on terms equal to those offered to white borrowers in similar economic circumstances.

It is a novel...

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