Two mortgage brokerage companies must compensate 445 black and Hispanic borrowers who were systematically charged higher fees than white clients.
HCI Mortgage and Consumer One Mortgage must pay $665,000 in restitution, according to a settlement between the companies and the state Attorney General.
The state sued the mortgage firms after an investigation of GreenPoint Mortgage Funding, a unit of Capital One Financial, uncovered the discriminatory practices. READ FULL STORY
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